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AIG Program Reputation

That integrated almost $70 billion one Treasury enough time thanks to TARP and you may $112 billion the amount of time by Federal Set-aside Lender of brand new York (FRBNY).

During the , Treasury marketed their remaining 234,169,156 offers out-of AIG well-known inventory inside an enthusiastic underwritten personal giving having aggregate continues of around $7.six mil.

Providing impact to that particular sales, the general self-confident get back to your Federal Reserve and Treasury’s mutual $182 million commitment to balance out AIG from inside the overall economy was now $twenty-two.seven mil, which have Treasury realizing an optimistic return out-of $5.0 million plus the Federal Put aside realizing a confident go back away from $17.eight billion.

Included in the full $5.0 billion confident go back to date, Treasury know an excellent $cuatro.step one million self-confident get back for the its common inventory holdings and a $0.9 billion positive return toward the common stock holdings. Within the Federal Reserve’s $17.eight mil confident go back to day was good $six.8 mil confident return on the Federal Set-aside Lender of new York’s (FRBNY) money so you can AIG; a great $1.4 mil positive go back on the prominent hobbies regarding AIA Aurora and ALICO special purpose auto that kept AIG’s biggest international existence insurance rates subsidiaries; and you will a combined $9.5 billion confident get back with the Maiden Lane II & III special purpose vehicle.

Drifting Home loan rates: The interest rate applicable toward Financial alter that have change in brand new Bank’s Feet rates

The latest joint cash of $nine.5 million on the Maiden Way II and you will III special-purpose auto, and that purchased financial-associated assets out-of AIG and its particular counterparties, depicted the biggest portion of the overall $22.seven mil confident return.

Because overall economy, AIG have undertaken a remarkable reorganizing work, hence put it within the a stronger updates to settle taxpayers. The size of the firm might have been clipped nearly in half because ended up selling non-core assets and you will focused on the key insurance operations. AIG’s Borrowing products unit (AIGFP) try remaining injury down features reduce their history derivatives exposure of the over 93 percent thus far.

Over the past 19 weeks, Treasury presented half dozen social products of AIG preferred stock, selling all in all, step 1,655,037,962 shares (in the first place ninety five percent off AIG’s a fantastic popular inventory) from the an average cost of $ each display. Treasury’s $20.7 mil AIG common inventory offering inside by yourself represented the biggest solitary You.Smon stock giving at this moment.

Following the are key events given that restructuring in early 2011. Examine a facts visual describing all big AIG purchases due to .

AIG paid off Treasury $2.dos mil in proceeds from new purchases of its subsidiaries AIG Star Coverage Co., Ltd. and you may AIG Edison Coverage Team so you’re able to Prudential Economic, Inc.

AIG paid Treasury $6.9 billion to attenuate an equal display from Treasury’s preferred guarantee demand for AIG. The continues originated AIG’s profit of its equity share during the MetLife and you can of loans in past times kept within the anticipation out-of costs related towards the business of the American Life insurance policies Co. (ALICO) so you can MetLife.

Treasury offered two hundred bad credit installment loans Ohio million shares of AIG common stock for continues out-of $5.8 mil, and you will cancelled $dos billion out-of in earlier times enough time — but undrawn loans.

AIG reduced Treasury $2.15 million funded through the arises from the new marketing away from AIG’s Nan Shan life insurance subsidiary. This new continues were used to spend right back new You.S. taxpayers’ financial support during the AIG from redemption off an equal part out-of Treasury’s well-known security welfare within the AIA Aurora LLC, a subsidiary regarding AIG.