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.
As of July 30, 2009, series includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.
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Board of Governors of the Federal Reserve System (US), Credit Extended to American International Group, Inc., Net (DISCONTINUED) [WAIG], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/WAIG, February 13, 2016.