Treasury receives $972 million repayment from AIG

[November 02, 2011]  WASHINGTON (AP) -- The Treasury Department says it has received $972 million from American International Group Monday. The latest repayment brings the insurance giant's outstanding balance with Treasury down to roughly $50 billion

The government provided AIG with $182 billion at the height of the 2008 financial crisis. Treasury has recouped $18 billion of the $68 billion it provided the company with through the government's Troubled Asset Relief Program. The rest of the money came from the Federal Reserve.

The government still owns 77 percent of AIG's common stock. Treasury officials would not comment on a published report that future sales of AIG stock have been delayed until market conditions become more favorable.

[Associated Press; By MARTIN CRUTSINGER]

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