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WASHINGTON — The Federal Reserve raised its estimated value of investment portfolios acquired in the rescues of Bear Stearns Cos. and American International Group Inc., paring potential taxpayer losses.
The net holdings of three corporations set up by the Fed for the mortgages and securities it took on increased by $1.5 billion, or 2.5 percent, to $62.2 billion, the Fed said in a quarterly revaluation of the assets.
