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Nine Banks Repay $66.3 Billion in TARP Funds

By Anonymous

From DOW JONES: Financial Firms Repay $66.3B In TARP Funds

Ten banks were given $68.3 billion last fall and received approval last week to repay the funds. So far, just State Street Corp. (STT) - which ranked 9th in terms of the amount it received at $2 billion - has yet to announce its repayment.

JPMorgan, U.S. Bancorp (USB), American Express Co. (AXP), Bank of New York Mellon Corp. (BK), BB&T Corp. (BBT) and Northern Trust Corp. (NTRS) also announced plans to buy back the related warrants associated with TARP. Goldman, Morgan Stanley and Capital One Financial Corp. (COF) didn't address the warrants.

It is a little confusing because Northern Trust (NTRS) wasn't one of the 19 stress test banks.

Name	TARP Amount	Repay
Bank of America	$52.5 billion	No way!
Citigroup	$50 billion	No way!
JPMorgan Chase	$25 billion	Repaid
Wells Fargo	$25 billion	-
GMAC	$12.5 billion	No way!
Goldman Sachs	$10 billion	Repaid
Morgan Stanley	$10 billion	Repaid
PNC Financial Services	$7.6 billion	-
U.S. Bancorp	$6.6 billion	Repaid
SunTrust	$4.9 billion	-
Capital One Financial Corp.	$3.6 billion	Repaid
Regions Financial Corp.	$3.5 billion	-
Fifth Third Bancorp	$3.4 billion	-
American Express	$3.4 billion	Repaid
BB&T	$3.1 billion	Repaid
Bank of New York Mellon	$3 billion	Repaid
KeyCorp	$2.5 billion	-
State Street	$2 billion	Announced
MetLife	None	-

Bailout amounts from Pro Publica : Eye on the Bailout

Full post as published by Calculated Risk on June 17, 2009 (boomark / email).