Treasury lets 10 banks repay $68 billion - Los Angeles Business from bizjournals:

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The department said the which werenot named, have met the requirements for repaymengt established by federal banking supervisors. It noted that many banks recentl have raised equity capital from private investores and haveissued long-term debt that is not guaranteed by the government. “These repayments are an encouraging sign offinancialp repair, but we still have work to Treasury Secretary Tim Geithner said. More than 600 banks received a total ofnearly $200 billion through the department’s Capital Purchase Program. About $2 billion of this moneg was paidback previously.
Unde r the program, banks that repay their preferred stock can repurchasw the warrants that the Treasury Department Besides the proceeds from the sale s ofthe warrants, the departmenf also has received $4.5 billion in dividenr payments from program Proceeds from the repayments to go the Treasury Department’sw general fund. They can be used to reduce the national debt and can serv e as a cushion in case the department needs to respond to financial emergencies in the thedepartment said. The Wall Street Journal reportesd the list of financial institutions willinclude (NYSE: (NYSE: AXP), (NYSE: BK), COF) and (NYSE: GS).
Some banksd have been raising funds after the stress tests revealed they needed to boost includingsome Dayton-area banks. The in early May released the results from itsstress test. The regulatorh tests were designed to project howthe country’e 19 largest banks would perform under a variety of economicf scenarios by the end of 2010. American Express Co. -- No need -- $33.8 billion . -- No need The Bank of New York Mellon Corp. -- No need Capitalo One Financial Corp. -- No need -- $5.5 billion -- $1.1 billionh -- $11.5 billion Goldman Sachs Group Inc. -- No need JPMorganj Chase & Co. -- No need -- $1.8 billion -- $1.8 billioh -- $2.5 billion -- $2.2 billion -- $13.
7 billion