Monday, March 21, 2011

Supreme Court turns down hearing on FOIA request on Fed

The Supreme Court today declined to hear a case where the Federal Reserve Bank wanted the Court to overturn an order under the Freedom of Information Act for the Fed to turn over information about which commercial banks received emergency loans from the Fed's discount window during the economic crisis.

This means the 2nd Circuit's order to turn this information over stands, and the Fed will have to release it.

No comments:

Post a Comment