Into the economic crisis, brand new government’s total help having AIG totaled around $182 billion

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AIG Program Position

You to provided nearly $70 million you to Treasury enough time due to TARP and $112 mil the time by the Federal Reserve Financial of brand new York (FRBNY).

Inside the , Treasury sold the leftover 234,169,156 offers away from AIG well-known inventory for the a keen underwritten societal providing to have aggregate continues of approximately $7.six million.

Providing impression to that purchases, the general confident go back to your Federal Put aside and you may Treasury’s mutual $182 million commitment to balance out AIG for the overall economy are today $twenty-two.seven mil, with Treasury recognizing a confident come back off $5.0 mil and the Federal Set aside recognizing a positive go back out-of $17.7 mil.

Included in the full $5.0 mil confident return to date, Treasury knew good $cuatro.step 1 million positive come back towards the the common inventory holdings and you may a $0.9 million self-confident come back to your its preferred stock holdings. Within the Government Reserve’s $17.eight million positive go back to go out is a great $six.8 mil positive go back towards Federal Put aside Lender of brand new York’s (FRBNY) financing in order to AIG; a good $1.4 billion confident return toward well-known appeal about AIA Aurora and you may ALICO special purpose automobile that stored AIG’s premier instant same day payday loans online Hawai international lives insurance policies subsidiaries; and a mixed $nine.5 billion positive get back to the Maiden Lane II & III special-purpose vehicles.

Floating Mortgage cost: The rate of interest appropriate on the Financial changes which have change in the fresh new Bank’s Legs rate

The brand new joint cash out-of $9.5 billion on the Maiden Lane II and you can III special-purpose car, and this purchased mortgage-associated property away from AIG and its particular counterparties, depicted the biggest part of the full $22.seven million positive come back.

Since economic crisis, AIG has done a dramatic reorganizing work, hence put it during the a stronger status to settle taxpayers. The dimensions of the organization could have been reduce nearly in two since it sold low-center assets and you can concerned about the center insurance policies surgery. AIG’s Lending products unit (AIGFP) is actually continuing to be injury off features slash the heritage derivatives publicity of the more 93 % so far.

Within the last 19 months, Treasury held half a dozen societal choices regarding AIG popular inventory, attempting to sell a maximum of 1,655,037,962 offers (to start with ninety five per cent from AIG’s a great common stock) within the common price of $ for every show. Treasury’s $20.eight billion AIG prominent stock offering for the alone illustrated the biggest solitary U.Smon stock providing at this moment.

Following are foundational to occurrences because restructuring during the early 2011. Look at a suggestions graphic explaining all of the major AIG deals through .

AIG paid down Treasury $dos.2 billion into the arises from the latest sales of the subsidiaries AIG Superstar Coverage Co., Ltd. and you will AIG Edison Life insurance Company in order to Prudential Monetary, Inc.

AIG reduced Treasury $six.nine million to attenuate the same show out of Treasury’s common guarantee demand for AIG. The proceeds originated AIG’s selling of their guarantee share when you look at the MetLife and you may out of finance in past times stored inside anticipation out of costs associated into the revenue of the Western Life insurance coverage Co. (ALICO) to MetLife.

Treasury marketed two hundred mil offers away from AIG prominent inventory to have proceeds off $5.8 mil, and you may cancelled $dos million off previously enough time — however, undrawn funds.

AIG reduced Treasury $dos.15 mil financed through the arises from the latest profit from AIG’s Nan Shan term life insurance part. The brand new proceeds were utilized to pay back new You.S. taxpayers’ financial support inside the AIG from redemption away from the same portion regarding Treasury’s prominent security passions into the AIA Aurora LLC, a subsidiary off AIG.