Economics
Fed Says It Will Disclose Borrower Information in Crisis Lending
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The U.S. central bank said it will disclose information regarding borrowers who seek emergency aid through its forthcoming corporate credit facilities.
“The Federal Reserve will publicly disclose information regarding the CCFs during the operation of the facilities, including information regarding participants, transaction amounts, costs, revenues and other fees,” according to a frequently-asked-questions page posted Friday on the New York Fed’s website.