Federal Reserve Says AIG, Bear Stearns Rescue Loans Paid

The Federal Reserve has been repaid for its roles in the U.S. government bailout of American International Group Inc. in 2008 and the rescue of Bear Stearns Cos. earlier that year.

The central bank’s $53.1 billion of loans to vehicles called Maiden Lane and Maiden Lane III, created to help save the companies, were paid back with interest, the Federal Reserve Bank of New York said today in an e-mailed statement. A separate entity, Maiden Lane II, finished being unwound through sales of mortgage assets earlier this year.