The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year. Additional information on the policy will be available on each Reserve Bank’s website later this year.

The New York Fed has issued this statement on behalf of all 12 Reserve Banks.