AIG still owes the Fed $40 billion.

The Federal reserve has just begun publishing the credit extended to the troubled US insurer - AIG. The company wobbled when Lehman Brothers were declared bankrupt.

The data offers both bad and good news. The amount of credit peaked at $80 billion. However, AIG's dependence on Fed largesse also seems to have stabilised at an unacceptably high level of $40 billion.