WASHINGTON, Nov. 1 (Reuters)— The U.S. Treasury Department received a $972 million repayment from American International Group, funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, the Treasury said on Tuesday.
Treasury said its remaining investment in AIG now stands at $50 billion, and the Federal Reserve has about $17.5 billion in loans outstanding to the investment vehicles that hold former AIG assets.
After the latest repayment, the government retains a 77 percent stake in AIG through its holdings of common and preferred stock in the insurer.
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