Citigroup said it hasn't requested approval to return more capital to shareholders and is instead focusing on the next round of Federal Reserve stress tests.

The lender commented in an e-mailed statement Friday, following announcements from bigger competitors JPMorgan Chase & Co. and Bank of America Corp. that they had received Fed approval to repurchase additional stock. Citigroup's board authorized $7.8 billion of share buybacks in 2015.

"Citi was pleased last year that the Federal Reserve did not object to our planned capital actions" last year, Mark Costiglio, a spokesman for the New York-based lender, said in the statement. "Since then, we have not made additional requests."

JPMorgan said Thursday it received clearance to buy back an additional $1.88 billion of stock on top of the $6.4 billion approved by regulators in last year's capital plan. Bank of America may repurchase as much as $800 million of additional shares to offset dilution that would otherwise result from incentive-compensation awards made this year, the Charlotte, North Carolina-based lender said earlier Friday. The bank's board approved $4 billion of stock buybacks last year.

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