AIG Program Condition

You to definitely incorporated nearly $70 mil you to Treasury the amount of time as a result of TARP and you will $112 billion committed of the Federal Reserve Financial of brand new York (FRBNY).

Into the , Treasury sold their left 234,169,156 shares from AIG preferred stock from inside the a keen underwritten social providing to possess aggregate continues of around $eight.6 million.

You.S. Department of one’s Treasury

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Giving impression to that business, the overall positive return on the Government Set aside and you may Treasury’s combined $182 billion commitment to stabilize AIG inside overall economy try now $twenty-two.seven million, with Treasury recognizing a positive get back regarding $5.0 mil together with Government Set aside realizing a positive go back off $17.eight billion.

Within its full $5.0 billion confident come back to date, Treasury understood an effective $4.step one million positive come back towards their popular stock holdings and a $0.9 million confident come back on the its common inventory holdings. Included in the Federal Reserve’s $17.seven billion self-confident come back to date try an excellent $6.8 mil positive come back into the Federal Set-aside Bank of brand new York’s (FRBNY) money so you’re able to AIG; good $step one.cuatro mil self-confident go back to your well-known passion on the AIA Aurora and you will ALICO special-purpose vehicle you to definitely held AIG’s biggest overseas life insurance subsidiaries; and instalment loans Wyoming online you will a blended $nine.5 million self-confident come back towards Maiden Way II & III special-purpose vehicles.

The fresh shared funds off $9.5 million in the Maiden Lane II and you can III special-purpose vehicle, and this bought financial-associated possessions regarding AIG and its own counterparties, portrayed the greatest part of the complete $twenty two.eight million positive come back.

Because economic crisis, AIG have undertaken a dramatic restructuring work, and this place it from inside the a stronger status to repay taxpayers. How big is the company has been slashed almost by 50 percent because offered low-core possessions and you may concerned about its key insurance coverage surgery. AIG’s Borrowing products tool (AIGFP) was leftover injury off and has now slash its history derivatives exposure of the more 93 percent at this point.

In the last 19 days, Treasury conducted half a dozen personal offerings from AIG prominent stock, offering a total of step one,655,037,962 offers (to start with 92 percent out of AIG’s a fantastic popular inventory) in the the common cost of $ for each share. Treasury’s $20.7 billion AIG popular stock giving from inside the alone portrayed the most significant single U.Smon stock giving ever.

Pursuing the are fundamental incidents as the restructuring in early 2011. Look at an information graphic detailing most of the major AIG purchases courtesy .

AIG paid down Treasury $2.2 mil into the arises from the newest deals of its subsidiaries AIG Superstar Life insurance coverage Co., Ltd. and AIG Edison Coverage Business in order to Prudential Monetary, Inc.

AIG paid off Treasury $6.nine million to reduce an equal share off Treasury’s popular collateral demand for AIG. The latest proceeds originated in AIG’s deals of its security risk during the MetLife and you will regarding funds before stored when you look at the expectation from costs relevant for the product sales of the Western Term life insurance Co. (ALICO) so you can MetLife.

Treasury sold two hundred billion shares of AIG well-known inventory to own continues off $5.8 mil, and you may cancelled $2 million of before the full time — however, undrawn loans.

AIG paid back Treasury $dos.15 million financed from the proceeds from brand new profit regarding AIG’s Nan Shan term life insurance subsidiary. New continues were utilized to expend back brand new You.S. taxpayers‘ financial support when you look at the AIG from the redemption off the same part away from Treasury’s preferred collateral welfare in AIA Aurora LLC, a subsidiary regarding AIG.

Treasury obtained an installment regarding AIG out of $972 mil. The fresh commission try financed generally through the arranged release of escrowed arises from AIG’s deals out-of ALICO, subsidiary to help you MetLife, Inc. The latest proceeds were used to pay back the fresh U.S. taxpayers‘ money from inside the AIG from the redemption away from an equal part away from Treasury’s well-known guarantee appeal inside the AIA Aurora LLC, a part of AIG.