The Fed’s publication of the database follows a federal mandate that the central bank create and “maintain a public, online and searchable database” of entities that have, or that are requesting, account and service access.
Former Sen. Pat Toomey, R-PA, who often claimed the central bank lacks accountability, inserted the provision into last year’s defense spending bill.
The database lists firms that have access to the central bank’s master accounts and services, and those that have requested access after Dec. 23, or had a request pending on that date, as well as the status of each request, the Fed said.
