Saturday, June 06, 2009

TARP Repayments may exceed $50 Billion

by Calculated Risk on 6/06/2009 12:14:00 AM

From the WaPo: Bank Repayments May Exceed Estimate

The Obama administration is set to announce next week that a larger-than-expected number of big financial firms can repay their bailout funds ... The size of the repayments may double the initial estimate of $25 billion by the Treasury Department, the sources said. That would mean that many, perhaps nearly all, of the nine firms that regulators found to have sufficient reserves in a recent "stress test" would be allowed to return federal aid.
MarketWatch has a list : JP Morgan, Goldman among banks set to repay TARP
J.P. Morgan Chase ($25 billion), Goldman Sachs ($10 billion) and some other large U.S. banks ... include Morgan Stanley ($10 billion), American Express ($3.4 billion), Bank of New York Mellon ($3 billion), State Street ($2 billion), US Bancorp ($6.6 billion) and BB&T Corp. ($3.1 billion)
That totals $63.1 billion.

Bailout amounts from Pro Publica : Eye on the Bailout