The Federal Reserve has asked a U.S. appeals court to stay a ruling that it must disclose documents regarding borrowing from its discount window and other "last resort" lending programs during the financial crisis.
On Friday, the U.S. Second Circuit Court of Appeals declined to reconsider a March decision by a three-judge appellate panel that the Fed must turn over documents related to individual borrowing from those lending programs.
"The stay is necessary to permit the board to consult with the Department of Justice regarding an appeal to the Supreme Court," said David Skidmore, a Fed spokesman.
The Fed filed its request for a 90-day stay on Wednesday.
