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Unauthorized Disclosure of the Federal Reserve's Monetary Policy Decision

GGD-84-40 Published: Feb 03, 1984. Publicly Released: Feb 03, 1984.
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Highlights

In response to a congressional request, GAO investigated the unauthorized disclosure of the Federal Reserve System's (FRS) midyear policy report to Congress which contained a decision concerning the long-range monetary growth targets which represent FRS plans for the expansion of the Nation's money supply and affect the cost of money as determined by interest rates. Advance knowledge of this information would enable financial traders to capitalize on the expected price changes.

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Financial Markets and Institutions
Confidential communicationsEconomic growthFederal reserve banksFinancial recordsInformation disclosureInterest ratesInvestigations into federal agenciesMonetary policiesRecords managementMortgage market