In accordance with Section 1103 of the Dodd-Frank Act, the FRB and its requirement that the FRB increase its transparency with respect to the names of banks that borrow from the FRB’s discount window, the FRB made publicly available (with an approximately two-year time lag) the names of banks that used the discount window during the period from July 22, 2010 (the day after the date the Dodd-Frank Act was enacted) through September 30, 2010. Prior to the Dodd-Frank Act, the names of borrowers of overnight funds from the FRB’s discount window to “meet unexpected needs” were kept strictly confidential by the FRB. The FRB said that the information it released on discount window loans includes the name of the borrower, the amount borrowed, the interest rate charged and information concerning collateral pledged.
The FRB also made information available concerning open market operations, securities lending activities, foreign exchange transactions and foreign currency reserve investments. It is anticipated that the FRB will make similar transaction information available in subsequent quarters (and with a continuing time lag of approximately two years).