The Federal Reserve has received a formal offer from American International Group, Inc. (AIG) to purchase the assets in Maiden Lane II, LLC (MLII). The Fed has been aware of AIG's interest in those assets for some time. Any decision on a possible disposition of these assets will be made in a way that maximizes the proceeds to the taxpayer and that is consistent with the goal of fostering financial stability.

Contacts:
Jack Gutt
(212) 720-6142
(646) 720-6142
jack.gutt@ny.frb.org

Jeffrey Smith
(212) 720-6139
(646) 720-6139
jeffrey.smith@ny.frb.org