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Federal Reserve Board Is Sued For FOIA About Maiden Lane and FRBNY Now To 2d Cir

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Nov 28 – The U.S. Federal Reserve Board got a Freedom of Information Act request for "any records from Maiden Lane LLC and Maiden Lane II LLC and Maiden Lane III LLC containing the CUSIP Number 40431LAR9."

The Fed Board denied it "because these loans were issued by the FRB of New York, not as a delegated function of the Board."  

That is to say, the Federal Reserve Board is again saying its its Reserve Banks, to which it delegates rubber stamping of mergers, are not subject to FOIA. 

  In this case, the Federal Reserve Board has not sent its own lawyers, as it did when Inner City Press sued it under FOIA.

Instead, it is represented, like ICE or other agencies, by the US Attorney's Office at 86 Chambers Street.

  Now there's a bid to appeal to the Second Circuit Court of Appeals.

The case is Junk v. Board of Governors of the Federal Reserve System, 19-cv-385 (Cote).

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