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No borrowing from the bank was longer so you’re able to AIG less than it arrangement
Brand new loans to Maiden Lane II LLC and you can Maiden Way III LLC had been extended according to the authority off Section thirteen(3) of one's Government Set-aside Work, and that enabled the fresh new Panel, into the unusual and you can exigent situations, so you're able to approve Set-aside Financial institutions to extend borrowing to prospects, partnerships, and you can businesses.
To your , the FRBNY acquired prominent demand for two special-purpose vehicle, AIA Aurora LLC and you can ALICO Holdings LLC, which were designed to hold brand new the prominent inventory out of AIG's premier foreign insurance rates subsidiaries, Western Global Warranty Business Ltd. (AIA) and Western Life insurance policies Business (ALICO). (さらに…)