Robert Mueller has spent $3.2 million on special counsel's Russian Federation investigation

The Deutsche Bank app logo is seen on a smartphone in this

A lawyer for President Donald Trump says it's not true that special counsel Robert Mueller has subpoenaed financial records relating to the president.

Mueller's spending "is entirely reasonable given the results we've already seen", Senator Dianne Feinstein of California, the top Democrat on the Judiciary Committee which is conducting its own investigation, said in a statement.

The details of the expenditures related to Mueller's investigation were laid out in a copy of the report obtained by The Associated Press, which was subsequently released publicly by the special counsel's office.

Mueller is investigating alleged Russian attempts to influence the 2016 US presidential election and potential collusion by Trump aides.

Trump has done billions of dollars' worth of business with Deutsche Bank in the past 20 years; he has previously said that he would consider Mueller looking into his finances beyond any connection to the Russian Federation investigation "a violation". "We have confirmed this with the bank and other sources".

A disclosure document posted on the U.S. Office of Government Ethics website in June showed liabilities for Trump of at least $130 million to Deutsche Bank Trust Company Americas.

Donald Trump and his family have long-standing ties to Germany's largest bank.

Bankruptcies at his hotel and casino business in the 1990s made much of Wall Street shy away from lending Mr Trump credit, forcing him to look further afield. Deutsche Bank may be glad it's being forced to hand over information.

Deutsche Bank faces questions about a series of so-called Russian mirror trades, in which it allegedly helped Russian clients move money out of the country.

In 2012, his Trump International Hotel Hotel and Tower in Chicago was loaned up to $640m, according to a property filing.

US Democrats have argued federal laws protecting customer confidentiality do not apply to requests from US Congress.

The subpoena was earlier reported by German daily Handelsblatt.

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