Bloomberg, L.P. v. Board of Governors of the Federal Reserve System
Court of Appeals for the Second Circuit
1Opinion of the Court
DENNIS JACOBS, Chief Judge:
The Federal Reserve System — the central bank of the United States — is composed of twelve regional Federal Reserve Banks and the defendant-appellant Board of Governors of the Federal Reserve System (“Board”), in Washington, D.C. The Board is a federal agency that (among other things) supervises the operations of the twelve Federal Reserve Banks.
Plaintiff Bloomberg, L.P., a news organization, submitted Freedom of Information Act (“FOIA”) requests to the Board in April and May 2008. The requests sought (in relevant part) detail about loans that the twelve Federal…
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