Fed’s 12 regional banks adopt records transparency policy

The policy, released by the New York Fed, will be effective Jan. 1 and “seeks to simplify and standardize the Federal Reserve Banks’ public information request process,” the central bank said.

By Rajashree Chakravarty, Banking Dive, Dec. 22, 2023

The 12 regional Federal Reserve banks announced Thursday the adoption of a new common policy promoting transparency and accountability for media and public records requests, effective Jan. 1, 2024.

Unlike the Fed’s Board of Governors, which falls under the U.S. government’s purview, the Fed’s regional banks have not previously been subject to Freedom of Information Act requests.

The policy released by the New York Federal Reserve noted that, unless otherwise exempt, records created on or after Jan. 1, 2024, “will be published or provided upon request.”

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