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To: Errant
You think we see the Fed's books concerning their loans to certain foreign and private banks and repayments?

You saw the money loaned, on their spreadsheet, and repaid, on their spreadsheet.

Why did they try to keep it a secret, and then only revel the 16T loan data after Bloomberg took them to court?

Historically, they never revealed borrowers.

50 posted on 12/25/2013 2:20:01 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Historically, they never revealed borrowers.

The Federal Banking Agency Audit Act, enacted in 1978 as Public Law 95-320 and 31 U.S.C. section 714 establish that the Board of Governors of the Federal Reserve System and the Federal Reserve banks may be audited by the Government Accountability Office (GAO).[40] The GAO has authority to audit check-processing, currency storage and shipments, and some regulatory and bank examination functions, however there are restrictions to what the GAO may audit. Audits of the Reserve Board and Federal Reserve banks may not include:

1.transactions for or with a foreign central bank or government, or nonprivate international financing organization;
2.deliberations, decisions, or actions on monetary policy matters;
3.transactions made under the direction of the Federal Open Market Committee; or
4.a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items (1), (2), or (3).[41][42]

https://en.wikipedia.org/wiki/Federal_Reserve_System

53 posted on 12/25/2013 2:33:19 PM PST by Errant
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