(Mark Your Calendars: RealShare Distressed Assets Convenes in Dallas on May 3 & 4.)

NEW YORK CITY-The Federal Reserve Bank of New York has sold off the entirety of the toxic collateralized debt obligations it acquired in 2008 from American International Group Inc. after taxpayers bailed out the failed insurance company from the brink of collapse. Following a competitive bid process, Barclays Capital Inc. and Deutsche Bank Securities Inc. emerged as the winning bidders for the Maiden Lane III LLC portfolio.

In a statement issued late Thursday, William C. Dudley, president of the New York Fed, says the bid represents a “good value for the public” and “significantly exceeds” the original price paid for the assets, noting that the sale marks “another important milestone in the wind-down of our crisis-era intervention.” However, a spokeswoman for the New York Fed tells GlobeSt.com that a price will not be disclosed until the Fed files its quarterly report on July 16.