Fed attempts to make lending programs more transparent

06/11/2009 | Washington Post, The

Although the Federal Reserve did not name names, it started disclosing more information on some of its lending programs in the first of new monthly reports. Lawmakers have criticized the central bank for being too secretive. The report explains the types of collateral it has accepted for emergency loans to financial institutions. The Fed reported that 378 banks have received $448 billion in loans at the discount window.

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