The Senate approved several amendments to the federal budget resolution on Thursday that call on the Federal Reserve Board to release details about institutions that have received assistance during the financial crisis.
One amendment, sponsored by Senate Banking Committee Chairman Chris Dodd and Sen. Richard Shelby, the panel's ranking member, would require the Fed to publish details on the lending facilities it has created during the financial crisis, including information on collateral and valuation. The change, which passed on a 96-to-2 vote, also would require the central bank to disclose how many institutions have participated in its facilities and how much it is working with outside contractors to manage the facilities.
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