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Factors Supplying Reserve Balances: Loans: Credit Extended to American International Group, Inc., Net (DISCONTINUED) (WLCFAIGL)

Observation:

2011-01-12: 19,675  
Updated: Jul 14, 2011

Units:

Millions of Dollars,
Not Seasonally Adjusted

Frequency:

Weekly,
As of Wednesday
1Y | 5Y | 10Y | Max
  EDIT LINE 1
(a) Factors Supplying Reserve Balances: Loans: Credit Extended to American International Group, Inc., Net (DISCONTINUED), Millions of Dollars, Not Seasonally Adjusted (WLCFAIGL)
On September 16, 2008, the Federal Reserve announced that it would lend to American International Group, Inc. (AIG) to provide AIG with breathing room to execute a value-maximizing strategic plan. On October 8, 2008, the FRBNY was authorized to extend credit to certain AIG subsidiaries against a range of securities. The credit extended to AIG under both of these programs is reported on this line. As a result of the closing of 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.

Factors Supplying Reserve Balances: Loans: Credit Extended to American International Group, Inc., Net (DISCONTINUED)

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NOTES

Source: Board of Governors of the Federal Reserve System (US)  

Release: H.4.1 Factors Affecting Reserve Balances  

Notes:

On September 16, 2008, the Federal Reserve announced that it would lend to American International Group, Inc. (AIG) to provide AIG with breathing room to execute a value-maximizing strategic plan. On October 8, 2008, the FRBNY was authorized to extend credit to certain AIG subsidiaries against a range of securities. The credit extended to AIG under both of these programs is reported on this line. As a result of the closing of 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.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Factors Supplying Reserve Balances: Loans: Credit Extended to American International Group, Inc., Net (DISCONTINUED) [WLCFAIGL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WLCFAIGL, December 10, 2016.

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