The Capital Purchase Program (CPP) was established as the primary means of restoring stability to the financial system under the Troubled Asset Relief Program (TARP). Under CPP, the Treasury Department invested almost $205 billion in 707 eligible financial institutions between October 2008 and December 2009. As of May 31, 2013, 151 institutions remained in the program with under $6 billion in outstanding investments. TARP's authorizing legislation requires a report every 60 days on TARP activities. This report examines (1) the extent to which Treasury has sold CPP investments through auctions and the returns on those investments; and (2) the CPP auction process and institutions' views on the process. Figures. This is a print on demand report.