The nation’s 10 largest banks received $669 billion in emergency loans from the Federal Reserve in 2008, dwarfing the $160 billion in public bailout money the U.S. Treasury Department provided them as part of the Troubled Asset Relief Program, Bloomberg reported.

Banks and other companies borrowed nearly $1.2 trillion, nearly three times the federal budget deficit in 2008. Morgan Stanley, the largest borrower, received $107.3 billion, Citigroup Inc. received $99.5 billion and Bank of America Corp. received $91.4 billion. Bloomberg won a Supreme Court case that resulted in a release of the records.

American banks weren’t the only financial institutions that received U.S. government funds. Nearly half of the 30 banks borrowing from the Federal Reserve were European,  including the Royal Bank of Scotland Plc, which borrowed $84.5 billion, Switzerland’s UBS AG, which borrowed $77.2 billion, and Germany’s Hypo Real Estate Holding AG, which borrowed $28.7 billion.

According to James Clouse, deputy director of the Federal Reserve’s division of monetary affairs, nearly all of the loans have been repaid without a loss to the U.S. Treasury Department.

A report by the Federal Reserve Bank of New York said the central bank earned $13 billion in interest and fee programs from its loans between August 2007 and December 2009.

In the future, the U.S. central bank will be required by law to publicly disclose its borrowers after two years.