WASHINGTON — Minutes from about 25 Federal Reserve Board meetings late last year, released Wednesday, reveal the extent of concern officials had over the potential repercussions that failures of AIG and Citigroup could have triggered in global financial markets.

In the Fed's initial decision to extend an $85 billion lifeline to American International Group Inc., on Sept. 16, 2008, officials judged that "the company faced the imminent prospect of declaring bankruptcy," according to the minutes.

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