Financial Stability Oversight Board Minutes Released

This story appeared in Bank Digest.

The Financial Stability Oversight Board has released the minutes of its March 28, 2011, meeting. As part of the meeting, the FSOB members discussed the contents and conclusions of the final Congressional Oversight Panel report with respect to the cost of the Troubled Asset Relief Program to taxpayers. Another item discussed was the status of AIG’s ongoing efforts to repay the assistance provided to the company by the U.S. government. Members and officials discussed, among other things, AIG’srecent repayment to the Treasury Department of approximately $6.6 billion, drawn from the $9.6 billion of proceeds AIG received from the March 8, 2011, closing of AIG’s previously announced sale of its entire equity holdings of MetLife, Inc.