Banks to Repay Tarp Funds

The Treasury Department is allowing 10 banks to repay up to $68 billion in tarp funds. According to a Wall Street Journal report JPMorgan Chase & Co., American Express Co., Bank of New York Mellon Corp., Capital One Financial Corp. and Goldman Sachs Group Inc. are among some of the banks included.

The Federal Reserve Board of Governors reported in May some of the following banks need to raise money:

• American Express Co. -- No need
• Bank of America Corp. -- $33.9 billion
• BB&T Corp. -- No need
• The Bank of New York Mellon Corp. -- No need
• Capital One Financial Corp. -- No need
• Citigroup Inc. -- $5.5 billion
• Fifth Third Bancorp -- $1.1 billion
• GMAC LLC -- $11.5 billion
• Goldman Sachs Group Inc. -- No need
• JPMorgan Chase & Co. -- No need
• KeyCorp-- $1.8 billion
• MetLife Inc. -- No need
• Morgan Stanley -- $1.8 billion
• PNC Financial Services Group Inc. -- $600 million
• Regions Financial Corp. -- $2.5 billion
• State Street Corp. -- No need
• SunTrust Banks Inc. -- $2.2 billion
• U.S. Bancorp -- No need
• Wells Fargo & Co. -- $13.7 billion