Assets currently include High Grade CDO's, Mezzanine CDO's, and a residual collection of debt securities where were primarily acquired as a result of the breakup of CDO's and subsequent distribution of assets.
At March 31:
Misc $ 817
Subsequently, FRBNY has either sold or is offering for sale a significant number of CDO's.
Excluding those CDO's, at March 31 valuations, the face values were:
Misc $ 817
The estimated fair value of these securities is $11,617.
Without putting too fine a point on it, the larger CDO holdings contain a smattering of 2004 vintage as well as 2005 and 2006.
It also seems reasonable that the FRBNY can continue selling CDO's and generate $5 to $6 billion in cash sales relatively quickly. this would allow AIG to recover its original stake of $5 billion plus accrued interest.
With respect to providing AIG with cash to participate in Treasury sales of its stock, the timing of asset sales and distribution of proceeds may be more important that variances the ultimate cash sales of the portfolio.