Fed to Be Subpoenaed Over Merrill Deal

House lawmakers said Tuesday that they would file a subpoena to compel the Federal Reserve Board to turn over internal notes and e-mails detailing the central bank's role in encouraging Bank of America Corp. to complete its acquisition of Merrill Lynch & Co.

The House Committee on Oversight and Government Reform, chaired by Rep. Edolphus Towns, D-N.Y., has asked the Fed to turn over documents requested by the panel last week. The documents include e-mails to and from Fed Chairman Ben Bernanke, as well as handwritten notes from meetings and conversations involving Bernanke, then-Treasury Secretary Henry Paulson and Kenneth Lewis, B of A's chief executive officer.

Lewis is scheduled to appear before House lawmakers at a hearing Thursday.

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