St. Louis Fed | Economic Research | FRED® | GeoFRED® | ALFRED® | CASSIDI® | FRASER® | Page One Economics | APIs | Fed System
ALFRED: Archival Federal Reserve Economic Data, Economic Data Time Travel from the St. Louis Fed
Categories | Sources | Releases | News | API | Published Data Lists | Help
 

Home > Releases > H.4.1 Factors Affecting Reserve Balances > Factors Absorbing Reserve Funds - Funds from American International Group, Inc. Asset Dispositions, Held as Agent (DISCONTINUED SERIES) (WLAIGADL)

Factors Absorbing Reserve Funds - Funds from American International Group, Inc. Asset Dispositions, Held as Agent (DISCONTINUED SERIES) (WLAIGADL)

Download Data | Add to My Data List | Current Series in FRED

  Real-Time Period
Title Start     End     

Factors Absorbing Reserve Funds - Funds from American International Group, Inc. Asset Dispositions, Held as Agent (DISCONTINUED SERIES) 2011-07-07 Current
 
Source    

Board of Governors of the Federal Reserve System (US) 2011-07-07 Current
 
Release    

H.4.1 Factors Affecting Reserve Balances 2011-07-07 Current
 
Units    

Millions of Dollars 2011-07-07 Current
 
Frequency    

Weekly, As of Wednesday 2011-07-07 Current
 
Seasonal Adjustment    

Not Seasonally Adjusted 2011-07-07 Current
 
Notes    

As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as the a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.
**DISCONTINUED**

2011-07-07 Current
 

Related Categories

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


Privacy Policy | Legal Notices, Information and Disclaimers | Contact Us | Help
© 2014 Federal Reserve Bank of St. Louis