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Appeals court: Bank loans can be disclosed

NEW YORK CITY — A federal appeals court last week said the Federal Reserve should reveal information to news agencies that had inquired about loans that private banks received from the 12 Federal Reserve Banks.

The court said the information isn’t exempt from news organizations’ Freedom of Information Act requests.

Cases were brought by News Corp.’s Fox News Network LLC and Bloomberg LP. Fox and Bloomberg had requested details about loans that private banks received in 2007 or 2008, and the collateral the banks provided.