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    In Money Laundering Cover Up Federal Reserve Withholds 133 Pages About BB&T Releases 1 Page

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    Matthew Russell Lee
    By Matthew R. Lee, FOIA docs NEW YORK CITY, May 3 – When BB&T announced a $66 billion proposal to take over Suntrust Bank, which would close a still undisclosed number of branches and extend BB&T disparate lending patterns, many linked it to deregulatory moves in Washington. Then two days after Federal Reserve Governor Lael Brainard was asked by Inner City Press about the Fed's lax review of previous mer

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    In Money Laundering Cover Up Federal Reserve Withholds 133 Pages About BB&T Releases 1 Page

    Uploaded by

    Matthew Russell Lee
    256 views2 pages
    By Matthew R. Lee, FOIA docs NEW YORK CITY, May 3 – When BB&T announced a $66 billion proposal to take over Suntrust Bank, which would close a still undisclosed number of branches and extend BB&T disparate lending patterns, many linked it to deregulatory moves in Washington. Then two days after Federal Reserve Governor Lael Brainard was asked by Inner City Press about the Fed's lax review of previous mer

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    © © All Rights Reserved

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    By Matthew R. Lee, FOIA docs NEW YORK CITY, May 3 – When BB&T announced a $66 billion proposal to take over Suntrust Bank, which would close a still undisclosed number of branches and extend BB&T disparate lending patterns, many linked it to deregulatory moves in Washington. Then two days after Federal Reserve Governor Lael Brainard was asked by Inner City Press about the Fed's lax review of previous mer

    Copyright:

    © All Rights Reserved
    256 views2 pages

    In Money Laundering Cover Up Federal Reserve Withholds 133 Pages About BB&T Releases 1 Page

    Uploaded by

    Matthew Russell Lee
    By Matthew R. Lee, FOIA docs NEW YORK CITY, May 3 – When BB&T announced a $66 billion proposal to take over Suntrust Bank, which would close a still undisclosed number of branches and extend BB&T disparate lending patterns, many linked it to deregulatory moves in Washington. Then two days after Federal Reserve Governor Lael Brainard was asked by Inner City Press about the Fed's lax review of previous mer

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    © All Rights Reserved
    of 2

    BOARD CJF GOVERNORS

    or THE
    FEOERAL RESERVE SYSTEM
    WASHINGTON , 0 . C. 20551

    A DDRESS O F FICIAL COR R ESP ON D ENCE


    T O T HE BOAR D

    May 2, 2019

    Mr. Matthew R. Lee


    Inner City Press/Fair Finance
    PO Box 20047
    Dag Hammarskjold Center
    New York, NY I 00 I 7

    Re: Freedom ofInformation Act Request No. F-2019-00169

    Dear Mr. Lee:

    This is in response to your email dated and received the Board' s Information Disclosure
    Section on April 29, 2019. Pursuant to the Freedom oflnformation Act ("FOIA"), 5 U.S.C.
    § 552, you seek records regarding "the 18 April 2019 termination of the money laundering
    [enforcement] action against BB&T."

    Staff searched Board records and located information responsive to your request. I have
    determined, however, that the majority of these records consist of internal and inter-agency pre-
    decisional deliberations and recommendations, as well as confidential supervisory information
    related to the supervision and examination of a Federal Reserve-regulated financial institution.
    This information is exempt and will be withheld from you under the authority of exemptions 5
    and 8 of the FOIA, 5 U.S.C. §§ 552(b)(5) and (b)(8). The responsive materials have been
    reviewed under the requirements of subsection (b) of the FOIA, 5 U.S.C. § 552(b), and all
    reasonably segregable nonexempt information will be made available to you. Accordingly,
    approximately one page of information will be released to you in full , and 133 pages of
    information will be withheld from you in their entirety.

    Staff also located potentially responsive documents that originated from the Federal
    Deposit Insurance Corporation ("FDIC" ). These materials, totaling three pages, are being
    referred to the FDIC, along with a copy of your FOIA request, for a direct response to you. Our
    referral letter to the FDIC is enclosed with this response.

    Accordingly, your request is granted in part and denied in part for the reasons cited
    above. The Board's Information Disclosure Section will provide you with a copy of the
    documents being released to you under separate cover. If you believe you have a legal right to
    any information that is being withheld, you may appeal by writing to Board of Governors of the
    Federal Reserve System, Attn: FOIA Appeals, 20th Street & Constitution Avenue NW,

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