AIG pays down debt to the Fed by $3.5B as the firm's liquidity improves

08/5/2010 | Bloomberg

American International Group reduced its draw against a Federal Reserve line of credit, received as part of its bailout, during 10 of the past 12 weeks and brought the total to $23.4 billion at the end of July, according to data from the U.S. central bank. During the past three months, the company repaid $3.5 billion of its borrowing, the Fed said.

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