Fed can keep most gold secrets but must yield one, judge rules

Judge Huvelle ruled that most of the Fed's documents were exempt from disclosure under the U.S. Freedom of Information Act for being "pre-decisional or deliberative" or for containing privileged or confidential commercial or financial information obtained from a person or corporation.

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The one document whose disclosure was ordered by the judge was described in her memorandum of decision as "a staff member's notes on the discussion by the Gold and Foreign Exchange Committee of the Group of Ten (or "G-10"), as well as a transmission memorandum from Mr. [Ted] Truman to the board." The notes, the judge found, "are a straightforward factual recounting of a meeting with representatives of foreign central banks, detailing what each of the participants said."