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Fed reports repayment by AIG of $53.1B loan

Fed reports repayment by AIG of $53.1B loan

NEW YORK -- The Federal Reserve Board reported Thursday that American International Group has repaid all of its $53.1 billion in bailout loans from the Federal Reserve Bank of New York -- plus interest.

The government stepped in with a $182.5 billion package to rescue New York-based AIG from collapse in 2008. The bailout was the largest in history.

First Published June 15, 2012, 3:51 a.m.

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