NEW YORK (MarketWatch) -- American International Group revealed on Sunday details of $105 billion of government funds that it paid to U.S. and international banks including Goldman Sachs, Deutsche Bank and Societe Generale.

The cash paid to AIG's so-called counterparties was used to cover collateral payments, cancel derivatives contracts and meet obligations at its securities lending business.

Now majority-owned by the government, AIG AIG, -1.23% has received more than $170 billion in bailout funds to keep it in operation since mid-September, when it found itself on the verge of collapse.

Most of the leading U.S. and European banks were represented on the list of recipients of AIG payouts. Goldman Sachs Group GS, -1.14% got the biggest single total, receiving $12.9 billion.

Bank of America Corp. BAC, -1.32% and brokerage subsidiary Merrill Lynch together received $12 billion, followed by Societe Generale (013080), which took $11.9 billion, and Deutsche Bank (DBK) DB, -1.89% , on the receiving end of $11.8 billion.

Payments to municipalities totaled another $12.1 billion.

"AIG recognizes the importance of upholding a high degree of transparency with respect to the use of public funds," the company said in a statement.

AIG had previously argued that disclosing the identity of counterparties could damage its business relationships or cause competitive harm, but it's come under increasing pressure from lawmakers to provide details.

Counterparty payouts

AIG said that between Sept. 16 and Dec. 31, it paid out $22.4 billion in collateral related to credit default swaps, or CDS. Such swaps are essentially insurance policies on a company's debt in case it were to default.

The largest recipient of these payouts was France's Societe Generale, which received $4.1 billion, while Germany's Deutsche Bank received $2.6 billion and Goldman Sachs took $2.5 billion. Merrill Lynch and Bank of America got, between them, $2 billion.

Over the same period, the insurer paid $43.7 billion to securities lending counterparties. Chief among these was U.K.-based Barclays PLC BCS, -0.60% , which received $7 billion. Deutsche Bank got $6.4 billion, as did the combination of Bank of America and Merrill Lynch.

Another $27.1 billion went for payouts made to cancel some CDS contracts. The top recipients of these monies were Societe Generale and Goldman Sachs, who received $6.9 billion and $5.6 billion, respectively. See AIG's disclosures in full.

The remainder of the $173 billion of taxpayer money that AIG has received has been used to repay debt, boost capital levels at some of its units and fund vehicles created to wind down its derivatives contracts.

AIG's shares, once part of the Dow Jones Industrial Average, have fallen more than 99% from their peak early in 2007.

The announcement over bailout payments came as the company became embroiled in a row over bonus payments to employees at AIG Financial Products, the unit largely responsible for its near collapse last year.

The decision to pay around $450 million in bonuses elicited howls of protest in Washington.

President Barack Obama said on Monday that his administration will attempt to block the bonuses.

"This isn't just a matter of dollars and cents. It's about our fundamental values," said Obama. See full story.

On Sunday Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, called on the government to examine whether the bonuses can be legally recovered. See full story.