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Home > Releases > H.4.1 Factors Affecting Reserve Balances > Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC (DISCONTINUED SERIES) (WALICO)

Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC (DISCONTINUED SERIES) (WALICO)

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Units:  Levels | Chg. | Chg. from Yr. Ago | % Chg. | % Chg. from Yr. Ago | Comp. Annual Rate of Chg. | Cont. Comp. Rate of Chg. | Cont. Comp. Annual Rate of Chg.
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  Real-Time Period
Title Start     End     

Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC 2009-12-03 2012-02-29
Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC (DISCONTINUED SERIES) 2012-03-01 Current
 
Source    

Board of Governors of the Federal Reserve System (US) 2009-12-03 Current
 
Release    

H.4.1 Factors Affecting Reserve Balances 2009-12-03 Current
 
Units    

Billions of Dollars 2009-12-03 Current
 
Frequency    

Weekly, Ending Wednesday 2009-12-03 Current
 
Seasonal Adjustment    

Not Seasonally Adjusted 2009-12-03 Current
 
Notes    

In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

2009-12-03 2012-02-29
In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
** DISCONTINUED **

2012-03-01 Current
 

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Money, Banking, & Finance > Monetary Data > Factors Affecting Reserve Balances


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