For the financial crisis, this new government’s full support to possess AIG totaled just as much as $182 million

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You to integrated almost $70 million one to Treasury enough time due to TARP and you can $112 million committed from the Federal Reserve Bank of the latest York (FRBNY).

From inside the , Treasury installment loans Nebraska sold its leftover 234,169,156 shares of AIG preferred stock inside an underwritten social providing to own aggregate continues of around $eight.6 mil.

Providing impression to this business, the overall self-confident get back for the Federal Reserve and you will Treasury’s shared $182 mil dedication to balance AIG for the economic crisis is actually now $twenty-two.7 billion, which have Treasury recognizing an optimistic go back of $5.0 mil therefore the Government Set aside recognizing a positive return from $17.eight billion.

Included in the overall $5.0 billion confident return to date, Treasury know a good $4.step one mil self-confident go back with the the prominent stock holdings and an effective $0.9 million self-confident go back on their preferred stock holdings. Included in the Federal Reserve’s $17.eight billion self-confident come back to time try an effective $six.8 billion confident go back on Federal Reserve Bank of new York’s (FRBNY) money to AIG; good $step 1.cuatro mil confident return into the well-known hobbies about AIA Aurora and ALICO special-purpose vehicle one kept AIG’s premier overseas lives insurance subsidiaries; and a blended $9.5 mil confident return into Maiden Way II & III special purpose automobile.

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The newest mutual cash off $nine.5 billion on Maiden Lane II and III special purpose car, and therefore bought home loan-related assets off AIG and its counterparties, represented the biggest part of the total $22.seven mil confident get back.

Due to the fact overall economy, AIG keeps performed a remarkable reorganizing work, hence put it in the a stronger standing to settle taxpayers. The dimensions of the business could have been cut almost in half because offered non-key property and you may focused on their center insurance operations. AIG’s Borrowing products product (AIGFP) was staying wound off features slash their legacy derivatives coverage of the over 93 percent at this point.

During the last 19 months, Treasury used half dozen public choices off AIG common inventory, selling a total of step one,655,037,962 offers (to start with ninety-five per cent off AIG’s a great popular stock) within the typical price of $ each share. Treasury’s $20.7 million AIG prominent stock providing during the by yourself depicted the most significant single U.Smon stock giving ever.

After the are key situations as the reorganizing during the early 2011. Examine a records visual detailing all biggest AIG deals courtesy .

AIG paid down Treasury $dos.dos mil for the arises from the fresh revenue of their subsidiaries AIG Star Life insurance policies Co., Ltd. and you may AIG Edison Life insurance coverage Business so you can Prudential Monetary, Inc.

AIG reduced Treasury $six.nine billion to attenuate an equal show from Treasury’s well-known security interest in AIG. The latest proceeds originated in AIG’s marketing of the guarantee share in the MetLife and regarding fund in past times stored in the expectation off expenses related into the sale of its American Life insurance policies Co. (ALICO) in order to MetLife.

Treasury ended up selling 200 billion shares out-of AIG preferred stock to possess proceeds out of $5.8 mil, and you can cancelled $dos million out of previously enough time — however, undrawn finance.

AIG paid back Treasury $dos.15 billion financed through the arises from the new sales away from AIG’s Nan Shan term life insurance part. The latest continues were utilized to invest straight back the U.S. taxpayers’ funding in AIG from redemption of an equal part off Treasury’s well-known collateral appeal inside the AIA Aurora LLC, a part out-of AIG.