Bloomberg News

AIG Bought Less Than $2 Billion of Maiden Lane Assets, CEO Says

February 24, 2012

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 nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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