Statement Related to Offer by AIG to Purchase Maiden Lane II LLC

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Press Release

Statement Related to Offer by AIG to Purchase Maiden Lane II LLC

March 11, 2011

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:

Contact
Jack Gutt
(212) 720-6142
Jack.Gutt@ny.frb.org

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