Friday, April 12, 2013

Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of ECB, Goldman, Barclays, JPM, Law And PE Firms

Tyler Durden's picture

http://www.zerohedge.com/news/2013-04-10/fed-releases-names-early-fomc-minutes-recipients-include-employees-goldman-barclays-


We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN:
  • EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY
  • MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies)
  • ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY
  • FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES
  • FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY
  • FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS
  • NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY
In other words: absolutely everyone who trades risk assets for a living!
A more detailed list, which also includes the ECB, via the WSJ is as follows:
Banks, trade groups and lobbying firms:
American Bankers Association
American Council of Life Insurers
Barclays Capital
BB&T
BNP Paribas
Capital One
Carlyle Group
Citigroup
The Clearing House Association
The Cypress Group
Fifth Third Bank
FINRA
Goldman Sachs
The Gray Company
Guggenheim Partners
HSBC
Independent Community Bankers of America
IntercontinentalExchange
J.P. Morgan Chase
King Street
National Association of Realtors
Nomura
PNC
Regions Bank
Rich Feuer Anderson
Roberts Raheb & Gradler
Securities Industry and Financial Markets Association
Standard & Poors
Sullivan & Cromwell
UBS
U.S. Bank
Wells Fargo
Whitmer & Worrall
Williams & Jensen
Government agencies or public-oriented entities:
Austria Federal Ministry of Finance
Bank of Japan
Conference of State Bank Supervisors
Congress (House & Senate)
Consumer Financial Protection Bureau
European Central Bank
Federal Housing Finance Agency
National Credit Union Administration
Treasury Department
White House
Of course, once the lobby workers got the list, they promptly forwarded it into the gaping maw of the mothership which pays the salaries and bonuses.
Naturally, to say that nobody traded once getting this material, non-public information, is about as credible as saying that nobody traded on the material, non-public information leaked by Tim Geithner in August 2007 when he informed the banks one day in advance of a critical Fed decision. Oh wait:



We will provide the full list of people who manipulate and cheat the market shortly, but for now we are curious to see how the Fed will spin that EVERYONE got an advance notice of its minutes a day in advance without this becoming a material issue with the regulators, and just how many billions in hush money it will take to push this all under the rug.

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