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Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC (DISCONTINUED) (WALICO)

Observations

2012-04-25: 0.000
Updated: Apr 27, 2012 8:32 AM CDT
2012-04-25:  0.000  
2012-04-18:  0.000  
2012-04-11:  0.000  
2012-04-04:  0.000  
2012-03-28:  0.000  

Units:

Billions of Dollars,
Not Seasonally Adjusted

Frequency:

Weekly,
Ending Wednesday

Fullscreen

Notes

Title Release Dates
Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC 2009-12-03 2012-02-29
Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC (DISCONTINUED) 2012-03-01 2012-04-26
 
Source    
Board of Governors of the Federal Reserve System (US) 2009-12-03 2012-04-26
 
Release    
H.4.1 Factors Affecting Reserve Balances 2009-12-03 2012-04-26
 
Units    
Billions of Dollars 2009-12-03 2012-04-26
 
Frequency    
Weekly, Ending Wednesday 2009-12-03 2012-04-26
 
Seasonal Adjustment    
Not Seasonally Adjusted 2009-12-03 2012-04-26
 
Notes    
In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

2009-12-03 2012-04-26

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H.4.1 Factors Affecting Reserve Balances Weekly Discontinued Interest Board of Governors Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America