Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Fed Purchase of AIG Collateralized Debt Obligations

November 10, 2008
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$30.00 billion
Amount Spent: 
$0.02 billion

Federal Reserve agreed to provide $30 billion in loans to a limited liability company, 'Maiden Lane III,' formed to purchase collateralized debt obligations (CDOs) for which AIG had written credit-default swap contracts.


Amount spent represents loan outstanding as of 1/16/2013 (  Activities of the Federal Reserve are not directly recorded in the federal budget.  However, each year the Federal Reserve remits a portion of its earnings to the general treasury.  This remittance is generally in the range of $20-$30 billion per year, but the CBO estimates that the Fed's earnings will be lower by approximately $90 billion over the next ten years.

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