June 1 (Reuters) - At least 10 major banks have met two major preconditions for paying back
government money.

These banks have sold common shares, or plan to; and have also sold non-guaranteed government
debt. These are key conditions for paying back money borrowed under the U.S. Troubled Asset Relief
Program.

The 19 banks listed below were each tested for capital adequacy under special government
"stress tests," which account for expected losses over the next two years if the economy fails to
improve.

TARP STRESS

INFUSION TEST NON GOV'T

(NEAREST CAPITAL EQUITY GUARANTEED ASSET SALE
COMPANY $100 MLN) SHORTFALL OFFERED DEBT SOLD PROCEEDS
American Express Co (AXP.N: Quote, Profile, Research) $ 3.40 bln -- $ 500 mln $ 3.00 bln
Bank of America Corp (BAC.N: Quote, Profile, Research) (1) $45.00 bln $33.90 bln $21.37 bln $ 3.00 bln $ 7.3 bln
Bank of New York Mellon Corp (BK.N: Quote, Profile, Research) $ 3.00 bln -- $ 1.20 bln $ 1.50 bln
BB&T Corp (BBT.N: Quote, Profile, Research) $ 3.10 bln -- $ 1.73 bln $ 800 mln
Capital One Financial Corp (COF.N: Quote, Profile, Research) $ 3.60 bln -- $ 1.55 bln $ 1.00 bln
Citigroup Inc (C.N: Quote, Profile, Research) (2) $45.00 bln $ 5.50 bln -- $ 2.00 bln $64.5 bln
Fifth Third Bancorp (FITB.O: Quote, Profile, Research) (3) $ 3.40 bln $ 750 mln --
GMAC LLC (4) $ 5.00 bln $11.50 bln $ 3.50 bln --
Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) (5) $10.00 bln -- $ 5.00 bln $ 2.00 bln $ 1.9 bln
JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) (6) $25.00 bln -- $ 5.00 bln $ 5.50 bln
KeyCorp (KEY.N: Quote, Profile, Research) (7) $ 2.50 bln $ 1.80 bln $ 750 mln --
MetLife Inc (MET.N: Quote, Profile, Research) (8) -- -- --
Morgan Stanley (MS.N: Quote, Profile, Research) (9) $10.00 bln $ 1.80 bln $ 4.00 bln $ 4.00 bln $ 596 mln
PNC Financial Svcs Group (PNC.N: Quote, Profile, Research) $ 7.60 bln $ 600 mln $ 600 mln
Regions Financial Corp (RF.N: Quote, Profile, Research) (10) $ 3.50 bln $ 2.50 bln $ 2.09 bln --
State Street Corp (STT.N: Quote, Profile, Research) (11) $ 2.00 bln -- $ 2.2 bln $ 500 mln
SunTrust Banks Inc (STI.N: Quote, Profile, Research) (12) $ 4.90 bln $ 2.20 bln $ 1.66 bln $ 550 mln
U.S. Bancorp (USB.N: Quote, Profile, Research) $ 6.60 bln -- $ 2.50 bln $ 1.00 bln
Wells Fargo & Co (WFC.N: Quote, Profile, Research) $25.00 bln $13.70 bln $ 8.60 bln --

Notes:

(1) Sold shares of China Construction Bank Corp (601939.SS: Quote, Profile, Research) for $7.3 billion, and said on May
28 it had raised $5.9 billion from a swap of preferred stock for common shares. That same day, the
bank said it may conduct a swap of another $2 billion of preferred shares for common.

(2) Plans to convert $58 billion of preferred shares and trust preferred securities into common
stock. On June 1, the bank received $2.75 billion in cash for selling a controlling stake in its
Smith Barney unit, which also resulted in a roughly $6.5 billion capital increase. The $5.5 billion
capital shortfall already accounted for the proceeds of the Smith Barney deal and an expected $52.5
billion preferred share conversion.

(3) Announced plans on May 20 to sell $750 million of shares, but sale not yet complete. Also
expects to swap common stock for preferred.

(4) The U.S. Treasury said on May 21 it was pouring another $7.5 billion into the company,
including $3.5 billion to bolster capital and $4 billion to support loans to Chrysler LLC dealers
and vehicle buyers.

(5) According to a term sheet, the bank is selling up to about $1.9 billion of shares of
Industrial and Commercial Bank of China. (1398.HK: Quote, Profile, Research) (601398.SS: Quote, Profile, Research)

(6) On June 1, the bank announced plans to sell $5 billion of common equity.

(7) On May 11, the bank said it plans to sell up to $750 million of common shares, and was
taking other actions to raise capital, including exchanging common equity for other securities.

(8) Never received TARP money.

(9) Sold its remaining stake in MSCI Inc, (MXB.N: Quote, Profile, Research) an investment analysis and index company, in
May.

(10) On May 27, sold $1.84 billion common shares, and $250 million mandatory convertible
preferred shares.

(11) In May, received proceeds of about $2.2 billion from selling common stock.

(12)m On June 1, the bank said it had sold $260 million of shares, and plans to raise another
$1.4 billion from selling common stock. The bank also said it plans to sell securities that it
expects will raise another $300 million of common equity, and plans to swap another $250 million of
common stock for preferred securities.