By Kay Nguyen and Nathan O'Neal
Ten major banks repaid taxpayer funds received under the Troubled Asset Relief Program (TARP) after capital adequacy “stress tests” were implemented last month, the U.S. Treasury announced June 17.

Some banks, like Northern Trust Corporation, were approved to repay their loans without being subjected to the government-implemented stress tests. Morgan Stanley, which failed the stress test, was still allowed to repay its TARP funds.

How does a bank qualify to pay back TARP funds? It must prove it can raise assets without Uncle Sam's help, demonstrate savvier lending practices, maintain the capital levels dictated by the stress tests and meet funding obligations to business partners.

Listed are the banks that received the largest amounts of TARP funds and their repayment statuses (as of June 22).

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