Fed's Maiden Lane down $10 billion

More than 14% was wiped off the value of the assets held on the Federal Reserve's books as collateral for its bailouts of Bear Stearns, a now defunct investment bank, and American International Group (AIG), a beleaguered insurer, in the three months to April.

The Fed's latest weekly balance sheet shows that the value of the assets held in its three Maiden Lane portfolios fell by 14.1% from $72.3 billion to $62 billion.

The publication of the results was delayed by a week.

"It was probably a go

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