Goldman Sachs Said to Offer Bid for New York Fed’s AIG Assets

Goldman Sachs Group Inc. approached the Federal Reserve Bank of New York with a bid for a block of the mortgage bonds assumed from American International Group Inc., prompting the central bank to weigh an auction of the debt, three people familiar with the matter said.

The central bank may sell securities held by its Maiden Lane II vehicle with a face value of about $7 billion, said the people, who declined to be identified because the deliberations are private. New York-based Goldman Sachs may have sought the bonds for itself or clients, they said. Four or five dealers may be asked to assemble bids this month, they said.