House Panel Seeks More Documents From NY Fed On Libor Probe

WASHINGTON (Reuters) - A U.S. House panel on Monday asked the New York Federal Reserve for a second round of documents as part of an ongoing investigation into possible manipulation by top banks of a benchmark interest rate known as Libor.

The House Financial Services Committee asked the New York Fed for all communications between the banks who help set Libor and Fed officials between August 2007 and July 2012.

The committee is investigating how the Fed, which oversees the banks, responded when it first learned about the possible manipulation.

(Reporting By Aruna Viswanatha and Sarah N. Lynch; Editing by maureen Bavdek)

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Description : The House Financial Services Committee asked the New York Fed for all communications between the banks who help set Libor and Fed officials between August 2007 and July 2012.
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