Fed on Bank Group Appeal on Loan Disclosures Oct. 26

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Oct. 26 (Bloomberg) -- The Federal Reserve won’t join a banking industry trade group in asking the U.S. Supreme Court to let the government continue to withhold details of emergency loans made to financial firms in 2008. The Clearing House Association LLC, a group of the biggest commercial banks, is appealing a lower court order requiring the Federal Reserve to disclose lending records to Bloomberg LP, parent company of Bloomberg News. A federal judge ruled in August 2009 that the Fed had to disclose the names of banks that borrowed from its emergency lending programs. Bloomberg's Michael McKee reports. (Source: Bloomberg)

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