The Federal Reserve Bank of New York changed its investment objective for Maiden Lane III, a portfolio of mortgage-linked bonds acquired through its bailout of insurer American International Group (AIG), allowing it to explore the sale of some of the securities.

The New York Fed’s Web site now lists the investment objective as to “repay the New York Fed’s senior loan (including principal and interest),” which funded the takeover of the assets, “followed by AIG’s equity interest (including accumulated preferred distributions representing interest) for as long as the United States Treasury maintains an economic stake in AIG on behalf of the United States taxpayer.”

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