‘The United States Federal Reserve is
making an effort to block a court decision on divulging the
government’s trillion dollar program to save major US banks. The
US central bank has asked the Court of Appeals in Manhattan to refrain
from revealing the ’secret identities’ of the country’s main creditors
in a move against the Freedom of Information Act, Bloomberg reported on
Monday.
In their appeal to the court, the Board
of Governors of the Federal Reserve System wrote,
“Confidentiality is essential to the success of the board’s
statutory mission to maintain the health of the nation’s financial
system and conduct monetary policy”.’
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