Insurers Also Drank From Fed Well

Several insurers tapped the U.S. Federal Reserve's Commercial Paper Funding Facility in 2008.
By Maria Woehr ,

NEW YORK (

TheStreet

) --

American International Group

(AIG) - Get Report

was not the only insurer that tapped the U.S. Federal Reserve's Commercial Paper Funding Facility in 2008.

According to a report by

The Wall Street Journal

Prudential Financial

(PRU) - Get Report

borrowed a total of $2.46 billion,

MetLife

(MET) - Get Report

borrowed $1.64 billion,

Hartford

(HIG) - Get Report

borrowed $472.1 million,

Lincoln National

(LNC) - Get Report

borrowed $472.1 million and

Genworth Financial

(GNW) - Get Report

borrowed $202.4 million.

All insurers repaid the funds in 2009.

--Written by Maria Woehr in New York.

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