Feb. 24 (Bloomberg) -- American International Group Inc. acquired less than $2 billion of securities sold by the Federal Reserve Bank of New York as the regulator sold mortgage bonds previously owned by the insurer.
Chief Executive Officer Robert Benmosche stated the figure in a conference call today held by the New York-based insurer as he discussed the Federal Reserve’s Maiden Lane II.
--Editor: Dan Kraut
Noah Buhayar in New York at firstname.lastname@example.org
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