SINGAPORE ( CNN ) -- Hundreds of customers flocked to the Singapore office of troubled insurer American International Group Inc. ( AIG ) on Wednesday , many hoping to pull their investments and policies from the company . People in Singapore queue outside the office of AIA , a subsidiary of AIG . The crowd formed just hours after the U.S. Federal Reserve Board authorized the Federal Reserve Bank of New York to lend $ 85 billion to a crumbling AIG . In return , the federal government will receive a nearly 80 percent stake in the company . One person who lined up in Singapore , retired teacher Wong Yoke Inn , said she was going to pull her investments from AIA even though it would cost her about $ 3,000 -- the equivalent of about $ 2,000 in the United States . She joined an orderly crowd whose members were each given a number and a time to return to meet with a representative of AIA Singapore -- AIG 's division in the island nation . AIA tried to allay investors concerns in a statement distributed outside the Singapore office and posted on the company 's Web site . `` AIA Singapore has more than sufficient capital and reserves ... to meet our obligations to policyholders , '' the statement said . `` The funds maintained in Singapore are segregated from American International Group , Inc. ( AIG ) and are held specifically for the purpose of meeting our obligations to policyholders . '' The U.S. government announced Tuesday night that it would act to save America 's largest insurer from filing for bankruptcy . Such a move almost certainly would have further roiled world markets already reeling from the bankruptcy filling of Lehman Brothers and the sale of Merrill Lynch to Bank of America . AIG has $ 1.1 trillion in assets and 74 million clients in 130 countries .
130 queue outside AIG subsidiary in Singapore following news of Singapore bailout . AIA Singapore announces $ 85 billion loan to one of world 's largest insurers . U.S. offices try to ease worries of policyholders .