The Federal Reserve is trying to kick its aloof image in favor of transparency, and they are releasing more materials to support this notion.
The Fed plans to roll out a web-accessible database of Fed records that analysts can use to study the reserve's past. Whether love them or hate them, it seems the Fed feels the public is too unfamiliar with the central bank and they want to establish a relationship.
The move comes at a time when the Fed is feeling a general sense of mistrust from the public in light of the 2008 crisis and the economic malaise that has followed in the wake of Fed intervention.
In its announcement, the reserve said, "The initiative is motivated by the 100th anniversary of the signing of the Federal Reserve Act in December 2013 and the 100th anniversary of the opening of the Federal Reserve Banks in November 2014. The inventory will serve as a resource for researchers, academics, and others interested in studying the history of the nation's central bank."
The data portal will include materials from dozens of sources, including the individual Federal Reserve Banks. Interested parties can visit the Fed's website for more information.