According to Bloomberg, which uncovered the figures through requests made via the Freedom of Information Act, the authorities provided the money in addition to the $700 billion proffered through the Troubled Asset Relief Program (TARP).
Morgan Stanley was the biggest borrower with the bank receiving $107.3 billion in support - other institutions to receive large sums included Citigroup with $99.5 billion and Bank of America with $91.4 billion.
Previously, the Fed argued that the figure should not be released as it could be harmful to the prices of stocks and could stigmatize banks.
Robert Litan, a former Justice Department official, told the news provider: âThese are all whopping numbers. Youâre talking about the aristocracy of American finance going down the tubes without the federal money.â
Banks are still repaying funds borrowed as part of TARP - American International Group (AIG) recently repaid the US Treasury Â£2.15 billion after selling a Taiwan life insurance unit.
By Jim Ottewill