The Federal Reserve Board has ended an exemption which was given to six banks during the financial crisis.

23-A exemption, as it is called, was given so that the banks are able to maintain a proper level of liquidity for mortgage and asset- back securities. The exemption was given from August 17, 2007.

The removal is seen as a part of the stimulus wind-down by the Fed.

Meanwhile, the Fed has been asked by a court to provide relevant documents suggesting which companies got Fed-loans during the meltdown.

The court ruling, which came on Friday, said that providing such information is not exempted from the Freedom of Information Act.

The Fed had defended itself saying that if such information is given, the concerned parties will have to face a run-down and that would affect the economy.

Talking about this the fed spokeswoman, Michelle Smith said that the decision is being reviews and the option of re-appealing is still open.

However, the final ruling on the issue is yet to come. And till that happens, there is no obligation on the Fed to provide any kind of documents.