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But, in general, board scrutiny is rising and will continue to rise for these capital requests.
Meanwhile, institutional investors like pension funds and universities are being deluged with capital requests from venture firms that are back in the market sooner than some of these investors expected.
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The disclosure of the Financial Industry Regulatory Authority's capital request set off a firestorm in the markets.
After Finra's capital request became known in October, investors were rattled, pushing the shares of MF Global sharply lower.
Details of the transaction are still being negotiated, but Bank of America is expected to obtain approval for its multibillion-dollar capital request.
Mayor Rudolph Giuliani's appointee on the Board of Education, Ninfa Segarra, who voted against Mr. Levy's appointment, batted away the capital request as a nonstarter, but says the proposed increase in the operating budget is a figure the mayor's office may be willing to work with.
The CIO often has relied on relatively poor quality data and an expectation they won't get meaningful pushback for a $500 million capital request.
"We have received capital redemption requests from some of our clients and as always we will honor those requests," FrontPoint said in a statement to The New York Times in response to questions.
Perhaps in recognition that the city might resist further capital budget requests, Mr. Levy said that he planned to ask the state for more than than $3 billion of the $4 billion in new building money.
On July 31, Justice Emily Jane Goodman denied Art Capital's request for a preliminary injunction against the contract between Ms. Leibovitz and Getty.
Yet, from 1994 to 1999, one-third of the United States attorney's offices did not file a capital prosecution request, a former member of the review committee, Rory K. Little, wrote in an article in the Fordham Urban Law Journal in March 1999.
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