Treasury doles out $33.6 billion to 21 banks

The second distribution under the $700 billion bailout brings the total dispersed to publicly-traded banks to $158.56 billion.

NEW YORK (CNNMoney.com) -- The U.S. Treasury said Monday that it has dispersed $33.56 billion to 21 banks in a second round of payments as part of the $700 billion bailout program designed to recapitalize the nation's banking system.

The new distribution brings the total to $158.56 billion so far. The government previously distributed $125 billion to 9 banks in the form of stock purchase programs.

In this second round, Minneapolis, Minn.-based U.S. Bancorp (USB, Fortune 500) received the largest amount of $6.6 billion. Atlanta, Ga.-based SunTrust Banks (STI, Fortune 500) received $3.5 billion, as did Birmingham, Ala.-based Regions Financial Corp (RF, Fortune 500). The government bought $3.56 billion worth of stock from Capital One Financial Corp. (COF, Fortune 500) based in McLean, Va., received $3.56 billion. The smallest amount of $9 billion went to Los Angeles-based Broadway Financial Corp....read more