The Federal Reserve Bank of New York has issued eight more subprime bonds worth $534.1 million from its Maiden Lane II portfolio, created to absorb risky mortgage securities from AIG, Reuters reports. On April 13, 2011, the Fed sold 37 bonds with a face value of $626.08 million. The New York Fed will offload all the assets in Maiden Lane II, which holds nearly 800 securities with a total market value of $15.9 billion, adds NASDAQ. The total face value of the bonds is roughly $30 billion.

Click here for the story from Reuters.

Click here for additional coverage from NASDAQ.