The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington.Senior officials from the US Treasury and other government departments have turned to these otherwise confidential accounts several times a year to analyse the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others, according to more than a dozen current and former senior Fed and Treasury officials.The US central bank keeps a tight lid on information contained in these accounts.But according to the officials …read more
Source: Gulf times
