AIG Program Standing

That integrated almost $70 billion one Treasury enough time courtesy TARP and $112 million enough time from the Federal Put aside Bank of new York (FRBNY).

In the , Treasury offered their remaining 234,169,156 offers out of AIG well-known stock into the an underwritten personal giving to own aggregate proceeds of around $7.6 mil.

You.S. Company of your Treasury

Giving impression to that particular product sales, all round self-confident return into Federal Set aside and you will Treasury’s joint $182 mil dedication to balance out AIG inside the financial crisis are today $twenty two.eight mil, with Treasury recognizing a positive return off $5.0 billion additionally the Federal Put aside recognizing a confident get back regarding $17.seven million.

Included in its overall $5.0 million positive come back to time, Treasury realized an effective $4.step one mil confident come back to your its prominent stock holdings and you will a $0.9 mil positive return on the preferred inventory holdings. Within the Federal Reserve’s $17.eight million self-confident come back to day try a great $six.8 million confident get back with the Government Put aside Bank of the latest York’s (FRBNY) financing in order to AIG; a good $step one.cuatro billion positive get back toward common passion in the AIA Aurora and you will ALICO special-purpose vehicles that stored AIG’s biggest foreign lifetime insurance policies subsidiaries; and you will a mixed $nine.5 mil self-confident return to your Maiden Way II & III special-purpose vehicle.

The newest mutual money of $9.5 mil in the Maiden Lane II and you will III special-purpose auto, and that ordered financial-related property off AIG and its particular counterparties, depicted the biggest portion of the total $twenty two.eight million positive return.

Just like the economic crisis, AIG features undertaken a dramatic restructuring efforts, and this put it inside the a stronger updates to repay taxpayers. The size of the company has been slash nearly in half because it sold low-center property and you can concerned about the center insurance procedures. AIG’s Lending products equipment (AIGFP) are staying wound off features reduce its legacy derivatives publicity by over 93 percent yet.

Over the last 19 weeks, Treasury conducted half a dozen societal choices out-of AIG popular inventory, selling all in all, 1,655,037,962 offers (to begin with ninety five percent away from AIG’s a good popular inventory) in the the common price of $ each express. Treasury’s $20.seven billion AIG prominent stock offering in the alone illustrated the most significant solitary You.Smon inventory offering ever.

Pursuing the are fundamental occurrences as reorganizing during the early 2011. Consider an ideas visual explaining most of the biggest AIG deals as a result of .

AIG paid down Treasury $dos.dos million from inside the proceeds from the fresh selling of its subsidiaries AIG Star Life insurance Co., Ltd. and you can AIG Edison Insurance Providers so you can Prudential Monetary, Inc.

AIG paid Treasury $six.9 million to reduce an equal display out-of Treasury’s well-known security need for AIG. The fresh continues originated AIG’s selling of the collateral share when you look at the MetLife and you may of financing prior to now held when you look at the anticipation away from expenditures associated to your sales of its Western Insurance Co. (ALICO) to help you MetLife.

Treasury ended up selling 200 mil offers off AIG well-known stock having proceeds away from $5.8 million, and you will cancelled $2 million out-of in past times the time — but undrawn financing.

AIG paid off Treasury $dos.fifteen million funded from proceeds from the newest selling away from AIG’s Nan Shan insurance part. The fresh continues were used to invest right back the new U.S. taxpayers’ financing in the AIG through the redemption from an equal section from Treasury’s common security passions inside AIA Aurora LLC, a subsidiary from AIG.

Treasury received a payment away from AIG regarding $972 mil. The fresh payment are funded mainly through the scheduled launch of escrowed proceeds from AIG’s profit off ALICO, part so you’re able to MetLife, Inc. The fresh new continues were utilized to invest right back the latest You.S. taxpayers’ investment inside AIG from redemption off an equal section regarding Treasury’s prominent Connecticut payday loan license security appeal within the AIA Aurora LLC, a subsidiary of AIG.