WASHINGTON (CNNMoney) -- The Federal Reserve Board will release data on emergency loans made to Wall Street banks and others during the height of the financial crisis, after the Supreme Court refused Monday to side with banks who want the details kept secret.
Bloomberg LP, owner of Bloomberg News, had filed the lawsuit seeking details on a program that gave banks access to cheap loans in 2008. The Fed had originally refused to release the data, citing exemptions in open records laws for trade secrets.
A federal appeals court in New York ruled the media should have access to the loan data. A group of nation's banks appealed and asked the U.S. Supreme Court to stop it. The high court refused to intervene with no comment.
The Fed says it will comply and reveal details of loans made to borrowers in 2008.
"The Board will fully comply with the courts' decisions and is preparing to make the information available," a Fed spokesman said. (No timetable for the release was immediately available.)
The spokesman noted that some of the information relating to emergency loans had already been released last year, under the Dodd-Frank Act on financial reform.
In December, the Fed reported it had made $9 trillion in overnight loans to major banks and Wall Street firms during the financial crisis.
Nike is opening up shop on Amazon.com and the company plans "big shifts" over the coming year. More
The GOP's years-long quest to repeal what Republicans derisively refer to as the "death tax" may be realized if tax reform happens. But the arguments to repeal the estate tax overlook a few key details. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
These expenses are common, so why not save for them? More