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News Link • Federal Reserve

Fed Releases Discount-Window Loan Records Under Order

• Craig Torres, Bloomberg.com
The Federal Reserve released thousands of pages of secret loan documents under court order, almost three years after Bloomberg LP first requested details of the central bank’s unprecedented support to banks during the financial crisis. The records -- 894 files in PDF form that must be individually opened and read -- reveal for the first time the names of financial institutions that borrowed directly from the central bank through the so-called discount window. The Fed provided the documents after the U.S. Supreme Court this month rejected a banking industry group’s attempt to shield them from public view. “This is an enormous breakthrough in the public interest,” said Walker Todd, a former Cleveland Fed attorney who has written research on the Fed lending facility. “They have long wanted to keep the discount window confidential. They have always felt strongly about this. They don’t want to tell the public who they are lending to.” The central bank has never revealed identiti

2 Comments in Response to

Comment by Hugo Tellez
Entered on:

 I guess they gave the disk with the pdf's, only to a certain few reporters...

Comment by Powell Gammill
Entered on:
Fed names big banks that took loans during the financial crisis

http://www.msnbc.msn.com/id/42358843/ns/business-eye_on_the_economy/


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