Credit Extended to American International Group, Inc., Net (DISCONTINUED SERIES) (WAIG)
2012-04-25: 0.000 Billions of Dollars
Weekly, Ending Wednesday, Not Seasonally Adjusted, Updated: 2012-04-27 8:32 AM CDT
|Source:|| Board of Governors of the Federal Reserve System
|Release:||H.4.1 Factors Affecting Reserve Balances|
On September 16, 2008, the Federal Reserve announced that it would extend credit to the American International Group (AIG) under the authority of section 13(3) of the Federal Reserve Act. This secured lending will assist AIG in meeting its obligations as they come due and facilitate a process under which AIG will sell certain of its businesses in an orderly manner, with the least possible disruption to the overall economy.