Today, Rep. Edolphus Towns (D-NY), Chairman of the House Committee on Oversight and Government Reform, and Rep. Stephen F. Lynch (D-MA), Chairman of the Subcommittee on the Federal Workforce, Postal Service and the District of Columbia, released a letter sent yesterday to Federal Reserve Board Chairman Ben Bernanke seeking documents related to former Federal Reserve Bank of New York (FRBNY) Chairman Stephen Friedman’s purchase of Goldman Sachs Group, Inc. (Goldman) stock "at the height of the financial crisis" while Mr. Friedman served as both Chairman of the FRBNY and a member of Goldman's Board of Directors. Chairman Towns and Rep. Lynch noted that Mr. Friedman's purchase of Goldman stock was "clear[ly]" prohibited under "long-standing" FRBNY policy, and that in light of AIG's multi-billion dollar payout to counterparties (including Goldman), Mr. Friedman's dual role at the FRBNY and as a Goldman director presented a "conflict of interest" that "raise[s] serious questions about the integrity of the Fed’s operations." Although Mr. Friedman previously testified at a hearing on the federal bailout of AIG on January 27, 2010, the Committee felt "key questions remain unanswered."