New funds in order to Maiden Way II LLC and you can Maiden Way III LLC was prolonged under the authority out of Area thirteen(3) of one’s Federal Reserve Work, which allowed the brand new Board, within the strange and you can exigent items https://simplycashadvance.net/title-loans-nh/, in order to approve Reserve Banks to extend borrowing to people, partnerships, and you may enterprises.

For the , the FRBNY obtained popular demand for a few special purpose vehicles, AIA Aurora LLC and you may ALICO Holdings LLC, that were designed to hold brand new the prominent inventory of AIG’s prominent overseas insurance subsidiaries, Western All over the world Assurance Team Ltd. (AIA) and you may Western Life insurance policies Team (ALICO).Continue reading →