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 Mortgage-Backed Securities

November 10, 2008
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$23.00 billion
Amount Spent: 
$0.06 billion

Federal Reserve provides up to $23 billion in loans to a limited liability company, 'Maiden Lane II,' formed to purchase residential mortgage-backed securities in AIG's portfolio.


Amount spent indicates loans outstanding as of 1/23/2013 (  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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