WASHINGTON, Nov. 1 (Reuters)— The U.S. Treasury Departmentreceived a $972 million repayment from American InternationalGroup, funded by proceeds from the sale of AIG'S American LifeInsurance Co. subsidiary last November, the Treasury said onTuesday.
|Treasury said its remaining investment in AIG now stands at $50billion, and the Federal Reserve has about $17.5 billion in loansoutstanding to the investment vehicles that hold former AIGassets.
|After the latest repayment, the government retains a 77 percentstake in AIG through its holdings of common and preferred stock inthe insurer.
|At the peak of the 2007-2009 financial crisis, the U.S.government bailout for AIG was valued at about $182 billion.
|The release of some of the proceeds that had been held in escrowfrom the sale of AIG's American Life subsidiary to MetLife lastyear allowed AIG to make the repayment.
|The Treasury said it now has received overall repayments andother income totaling $317 billion from investments made underTARP, the Troubled Asset Relief Program funded by taxpayers thatwas used to bail out distressed financial firms.
|That $317 billion figure represents nearly a 77 percent returnout of the total $413 billion disbursed through TARP, the Treasurysaid.
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