Fed To Release Bank Emergency-Lending Data

The Federal Reserve Board will release data on emergency lending to banks during the financial crisis after the U.S. Supreme Court rejected efforts by banks to keep the information secret, reports The Wall Street Journal.

The Federal Reserve Board will release data on emergency lending to banks during the financial crisis after the U.S. Supreme Court rejected efforts by banks to keep the information secret. A federal appeals court had ordered release of the data, but bankers tried to block it claiming information on which banks received bailout funds could lead the public to make incorrect inferences about the current health of the institutions.

Click here to read the story from The Wall Street Journal.