Fed argues against disclosing information about loans to banks

01/12/2010 | Wall Street Journal, The

Attorneys for the Federal Reserve argued that banks will be less likely to tap the Fed's discount window or use other emergency lending programs if the information will be made public. Accessing the funds carries a negative connotation, said Matthew Collette, a Fed lawyer, even if it is a healthy bank struggling with a short-term liquidity issue. News organizations have sued to gain access to the information.

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