AIG Fed debt rises to $45.1b
Created: Nov 30, 2009 10:00 AM
NEW YORK (Bloomberg) - American International Group Inc.'s (AIG) draw on a Federal Reserve credit line climbed for a second straight week, reaching the highest in six months.
AIG owes $45.1 billion on the line, compared with $44.9 billion last week, according to Fed data released on Friday. The New York-based insurer has a $60 billion line as part of a US bailout valued at $182.3 billion.
Mark Herr, a spokesman for the insurer, did not immediately return a call seeking comment.