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Fixed Home loan cost: The rate of interest appropriate with the Mortgage is fixed regarding the label out of fees regarding Financing.

AIG System Status

You to included nearly $70 mil you to Treasury committed using TARP and you will $112 million the full time of the Government Set-aside Financial of the latest York (FRBNY).

From inside the , Treasury sold their kept 234,169,156 offers away from AIG prominent inventory during the a keen underwritten social offering to possess aggregate continues of about $7.six mil.

Giving feeling to that particular deals, the entire self-confident return towards the Federal Reserve and Treasury’s combined $182 million dedication to balance AIG inside the economic crisis are now $22.7 mil, that have Treasury realizing a confident go back out-of $5.0 mil and also the Government Set-aside realizing an optimistic return off $17.7 million.

As part of the overall $5.0 mil self-confident return to day, Treasury know an effective $cuatro.step one million confident go back towards its well-known stock holdings and you may a great $0.nine million self-confident get back on the the common inventory holdings. Included in the Federal Reserve’s $17.seven mil self-confident return to date was a beneficial $6.8 billion positive get back towards Government Put aside Lender of brand new York’s (FRBNY) finance to AIG; a $step 1.4 mil confident come back to the popular passion regarding the AIA Aurora and you will ALICO special purpose car one kept AIG’s biggest overseas existence insurance coverage subsidiaries; and a blended $nine.5 million confident get back for the Maiden Lane II & III special purpose car.

Drifting Home loan cost: The rate of interest appropriate on the Home loan Nevada installment loans transform that have improvement in the fresh new Bank’s Feet speed

The new combined finances from $9.5 million from the Maiden Lane II and you will III special-purpose auto, and that bought financial-related property out of AIG and its particular counterparties, depicted the greatest part of the total $22.eight billion confident come back.

Just like the overall economy, AIG keeps done a remarkable restructuring work, and therefore place it for the a more powerful standing to repay taxpayers. The size of the organization could have been slash nearly in two whilst offered non-key assets and worried about their core insurance rates procedures. AIG’s Borrowing products unit (AIGFP) is staying wound off possesses cut their legacy types exposure by over 93 percent thus far.

During the last 19 months, Treasury held half dozen social products out-of AIG common stock, offering all in all, 1,655,037,962 offers (to begin with 92 % out-of AIG’s outstanding preferred inventory) within an average price of $ for every display. Treasury’s $20.eight mil AIG common stock giving during the by yourself represented the greatest unmarried You.Smon inventory offering in history.

Following the are foundational to events since restructuring during the early 2011. Check an information artwork discussing all of the major AIG deals because of .

AIG paid back Treasury $dos.2 mil when you look at the proceeds from the fresh sales of their subsidiaries AIG Celebrity Coverage Co., Ltd. and you will AIG Edison Life insurance policies Company to help you Prudential Financial, Inc.

AIG paid back Treasury $6.9 million to reduce an equal express away from Treasury’s popular guarantee need for AIG. The latest continues originated from AIG’s selling of its guarantee risk inside the MetLife and you can off finance in earlier times stored inside the anticipation out of expenditures relevant into the income of the American Coverage Co. (ALICO) to help you MetLife.

Treasury ended up selling two hundred billion offers from AIG preferred inventory having proceeds away from $5.8 mil, and you can cancelled $2 mil off before committed — however, undrawn financing.

AIG repaid Treasury $dos.fifteen mil financed from the arises from this new income from AIG’s Nan Shan life insurance coverage part. The new proceeds were used to blow straight back the U.S. taxpayers’ money when you look at the AIG through the redemption regarding an equal part out-of Treasury’s prominent security appeal from inside the AIA Aurora LLC, a subsidiary out-of AIG.