Federal Reserve Agrees to $85 Billion Loan to AIG

The Federal Reserve Bank of New York has agreed to issue AIG a two year, $85 Billion secured revolving credit facility in return for a 79.9 percent equity interest in AIG and the right to veto the payment of dividends to common and preferred shareholders.

For a full copy of the Federal Reserve press release concerning the arrangement, please click here.

For a full copy of the AIG press release, please click here.

For a full copy of the U.S. Treasury release, please click here.