Updated from 12:30 a.m. EST

NEW YORK (

TheStreet

) --

Bank of New York Mellon

(BK) - Get Report

CEO Robert Kelly told directors this week he was in discussions for the top job at

Bank of America

(BAC) - Get Report

, a report says.

Kelly became a possibility to succeed the departing Ken Lewis again after Bank of America received the OK to

pay back $45 billion in funds

it received from the government's Troubled Asset Relief Program, the

Wall Street Journal

reports, citing people familiar with the matter. The approval freed the bank from pay restrictions and oversight by the Treasury Department that turned off some CEO candidates.

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Kelly had said in November that he wasn't interested the Bank of America job. He was approached for the job in October.

Bank of America's board could make a

CEO announcement

next week, the

Journal

reports, citing people familiar with the process. Gregory Curl, the bank's chief risk officer, and Brian Moynihan, president of consumer and small business banking, still are under consideration for the CEO job.

Before last week's agreement to repay TARP, Bank of America's board had been leaning towards an internal pick, said people familiar with the search, the

Journal

says. But an external pick is again being considered following the bank's release from government scrutiny.

-- Reported by Joseph Woelfel in New York.

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