AIG pays back nearly $1 billion to Treasury

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Treasury began its exit from AIG in the beginning of the year, after the insurance company restructured its obligations to pay off all remaining loans to the Federal Reserve Bank of New York, leaving the Treasury with 1.6 billion shares of the company's stock and $20.3 billion in equity interests. Since then, the Treasury has slowly reduced its holdings in the company, selling off 200 million shares for $5.8 billion and receiving payments from AIG totaling $12.4 billion.