NU Online News Service, Dec. 2, 3:51 p.m.EST

American International Group was the apparent biggest user ofthe Federal Reserve Board's short-term lending facility after itran into financial trouble starting in September 2008, according todocuments released by the Fed Wednesday.

According to the Fed data, some of which has been disclosed byAIG in various securities filings, AIG started using the Fed'sCommercial Paper Funding Facility in late October 2008, and used itfor short-term funding while the regular markets were closed to it90 times over 15 months.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.