Well, what do you think this means to all of us in modification process?
Ten U.S. banks, including JPMorgan Chase & Co, will be allowed to repay up to $68 billion in federal bailout funds, the U.S. Treasury Department announced Tuesday.
The Treasury Department didn’t publicly disclose the 10 banks, but said they were being approved for early repayment of federal funds received under the Troubled Asset Relief Program because the so-called stress tests performed by the government revealed they were healthy enough to pay back the money.
Shortly after the announcement, New York-based Chase, Central Ohio’s second-largest bank, confirmed it received a preliminary OK to pay back the TARP money.
The company said it plans to repay the $25 billion federal investment along with dividends at a closing date to be set by the Treasury Department.
Minneapolis-based U.S. Bancorp, one of Central Ohio’s 10 largest banks, also confirmed federal approval to repay TARP. The company said it will repay $6.6 billion in preferred stock it issued to the government and intends to buy back a 10-year warrant issued with the stock.
Other banks that identified themselves Tuesday as having received approval include:
BB&T Corp.
Capital One Financial Corp.
Morgan Stanley
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Chase among 10 banks to repay TARP funds 
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