NU Online News Service, Feb. 9, 3:02 p.m. EST

The Federal Reserve Bank of New York today ended one chapter from the American International Group bailout, selling a group of mortgage-backed securities that closed out its Maiden Lane II facility.

The FRBNY says it sold securities with a face value of $6.2 billion from its Maiden Lane II portfolio through a competitive process to Goldman Sachs & Co.

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