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Fed Employees Serve Treasury Deepening Ties Forged in Crisis

The Federal Reserve Bank of New York employees who analyze American International Group Inc.’s finances report to work each day at the New York Fed even though their supervisors are at the Treasury Department in Washington.

The analysts are among about 40 Fed staffers temporarily assigned to the Treasury in the past four years in an expanded flow of brainpower, according to records provided by the Fed in response to Freedom of Information Act requests. A range of junior and senior Fed employees had stays at Treasury offices including domestic finance, markets, international affairs and the Troubled Asset Relief Program.