U.S. Bancorp, which has $264 billion in assets, also asked the Treasury for permission to buy back a 10-year warrant for its common stock issued to the government as part of the original bailout, the bank said in a statement.
Several other big banks are also expected to make repayments on Wednesday. Goldman Sachs Group
The Wall Street Journal reported last week that JPMorgan Chase & Co
At least 22 smaller banks have been allowed to repay some or all of their taxpayer money, although most must still negotiate terms to buy back or extinguish the government's warrants to buy their common stock.
(Reporting by Elinor Comlay; editing by John Wallace)