As many as 9 banks that had been injected with Government funds under the official Troubled Asset Relief Program earlier this year, have been asked to submit repayment plans by the US Federal Reserve, The banks had been a part of "stress tests" conducted to help bail out banks facing financial crisis.

According to official sources, if the banks have managed to raise common equity recently and would continue to exceed capital buffers that had been set in the stress tests, they might be allowed to repay the TARP money soon.

As the economy begins to kick in, and the financial sector improves, banks also seem to be eager to free themselves of the TARP aid injected, as well as all the strings attached with it. "We are ready and able to repay TARP, but waiting for the government to establish the appropriate time", said a bank spokesperson.

Although no confirmations about the plans have been shared by Fed, the group did say earlier this month that 9 out of the 10 banks which had been ordered to raise capital in May had either met or exceed the target set, with GMAC LLC being the only exception.