North Trust Corp. repaying TARP loans

The U.S. Treasury made about $4 billion from the eight major banks that have repaid their obligations to the government under the Troubled Asset Relief Program, or TARP, the New York Times reported, citing its own calculations.

The government made $1.4 billion from Goldman Sachs Group Inc., $1.3 billion from Morgan Stanley, and $414 million from American Express Co., with the balance coming from Northern Trust Corp., Bank of New York Mellon Corp., U.S. Bancorp and BB&T Corp., the newspaper said.

The Treasury still faces losses stemming from intervention in American International Group Inc., Fannie Mae and Freddie Mac, General Motors Co. and Chrysler Group LLC, and government guarantees for billions of dollars in so-called toxic mortgages, the Times said.