Systemically Significant Failing Institutions

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A program under the Emergency Economic Stabilization Act

1 recipient

$69.83 billion promised

$45.31 billion actually invested, loaned, or spent

Initiatives and Programs » Emergency Economic Stabilization Act

Money for AIG

The sole 'systemically significant' institution to get money through this program is AIG. On four separate occasions, the government has offered aid to AIG to keep it from collapsing, rising from an initial $85 billion credit line from the Federal Reserve to a possible commitment of about $182 billion between the Treasury ($69.84 billion) and Fed ($110 billion). The green number to the right only reflects Treasury's commitment, since those are taxpayer dollars.

Together, the Treasury and the Fed have lent or invested a total of at least $134 billion to bail out AIG. See our post breaking down the aid here.

Additional Resources:
Press Release Announcing AIG Restructuring Plan(3/2/09)
Term Sheet (3/2/09)
Securities Purchase Agreement (11/25/08)
Securities Purchase Agreement (4/17/09)
Securities Exchange Agreement (4/17/09)

Go to list of all initiatives and programs

For our blog, resources and more, see our main bailout page.

The following list shows the 1 recipient of Systemically Significant Failing Institutions.

Name	State	Date Entered	Amount Committed by SSFI	Amount Returned to SSFI	Total Bailout Commitment
AIG Received other federal aid. Click to see details.	N.Y.	Mar 2, 2009	$69,835,000,000		$69,835,000,000

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