March 29, 2011 Fed to release sensitve lending data on March 31
Washington - The Federal Reserve will release the identity of commercial banks who received emergency loans during the peak of the financial crisis in 2008 on Thursday, a spokesman for the central bank said Tuesday.
The release complies with a federal appeals court decision from a Freedom of Information Act lawsuit filed by Bloomberg LP's Bloomberg News. Last week, the Supreme Court refused to consider an appeal filed by a trade group of large banks.
All of the data relates to borrowing at the Fed's discount window, the short-term lending facility for banks facing imminent liquidity concerns.
The material spans the period from August 8, 2007 until March 1 2010.
