WASHINGTON
Early last week, before American International Group announced that repayment of its debt to the government was imminent, the Federal Reserve Board said it earned $3.4 billion in 2010 on its investments in the once troubled company.
According to a statement of unaudited financial results, the Fed said it earned $2.1 billion in interest income from credit extended to AIG and $1.3 billion in dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two life insurance subsidiaries of AIG.
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