New York Fed Gets More Time To Produce Libor Documents

Law360, New York (August 29, 2012, 7:40 PM EDT) -- The Federal Reserve Bank of New York is getting extra time from Congress to produce internal communications related to possible Libor manipulation by major banks, and the scope of requested documents has been dialed back, officials said Wednesday.

The information demand has been narrowed to emails among employees of the New York Fed as well as emails between New York Fed employees and regulators, said Jeff Emerson, spokesman for the House Financial Services Committee.

Rep. Randy Neugebauer, R-Texas, who heads the committee's oversight panel, last month asked the New York Fed to turn over intrabank communications and documents as far back...

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