Federal Reserve Determines Goldman Sachs Does Not Require Further Capital

Learn more about how we cultivate and harness world-class intellectual capital and expertise to solve our clients’ most complex challenges.

What We Do

We harness every resource, insight, relationship, and competitive advantage to drive superior results for our clients.

Serving Clients

Analysis and perspectives on the global economy and markets, from across Goldman Sachs

Insights

Our award-winning podcast features Goldman Sachs leaders on the key issues shaping the global economy.

Goldman Sachs Exchanges

We aspire to be the world’s most exceptional financial institution.

Our Firm

We help entrepreneurs create jobs and economic opportunity through rigorous business education programs, access to capital, and networking.

10,000 Small Businesses

There are many chapters in a career. There is only one Goldman Sachs.

Careers

Start with the best. Apply for an eight-to-10 week program for future analysts and associates.

2025 Summer Internship

"Federal Reserve Determines Goldman Sachs Does Not Require Further Capital"

"New York, May 7, 2009&nbsp;- The Goldman Sachs Group, Inc. (NYSE: GS) - We are pleased that the Federal Reserve’s Supervisory Capital Assessment Program has been completed. We view it as an important step to restoring investor confidence and financial stability.\r\nAs regulators have stated, underlying the stress test’s methodology was a very conservative set of assumptions on potential revenues and losses in a more adverse market scenario than the already challenging environment.\r\nWith respect to Goldman Sachs, the test determined that the firm does not require further capital.\r\nAfter a review of the repayment conditions issued by the Federal Reserve and the Treasury, we believe that we have met all of the requirements stipulated and are highly confident that we will soon repay the government’s investment from the TARP’s Capital Purchase Program.\r\nThe Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.\r\nMedia Contact: \r\nLucas van Praag \r\nTel: 212-902-5400\r\nInvestor Contact: \r\nDane E. Holmes \r\nTel: 212-902-0300\r\n"

New York, May 7, 2009&nbsp;- The Goldman Sachs Group, Inc. (NYSE: GS) - We are pleased that the Federal Reserve’s Supervisory Capital Assessment Program has been completed. We view it as an important step to restoring investor confidence and financial stability.
As regulators have stated, underlying the stress test’s methodology was a very conservative set of assumptions on potential revenues and losses in a more adverse market scenario than the already challenging environment.
With respect to Goldman Sachs, the test determined that the firm does not require further capital.
After a review of the repayment conditions issued by the Federal Reserve and the Treasury, we believe that we have met all of the requirements stipulated and are highly confident that we will soon repay the government’s investment from the TARP’s Capital Purchase Program.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Media Contact: 
Lucas van Praag 
Tel: 212-902-5400
Investor Contact: 
Dane E. Holmes 
Tel: 212-902-0300

Accessibility Notice:&nbsp;A&nbsp;<a href="/transcript-requests">transcript is available&nbsp;</a>for any video on this page.