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Fed Minutes Hit Wall Street Lobbyist Inboxes Early (Update 3)

Corrected from 6:47 p.m. ET to clarify role of Carlyle's Corbett

NEW YORK (TheStreet) -- The Federal Reserve released to reporters the list of individuals who a central bank spokesperson said "inadvertently" received the March FOMC minutes on Tuesday shortly after 2 p.m. -- the Fed had scheduled to release the minutes on Wednesday at 2 p.m.

"The list used was a list of professional contacts that one individual had," a Fed spokesperson said in an email response to a question as to why this specific list of individuals received the minutes early.

The spokesperson said that the inadvertently released minutes had an embargo attached, but also noted that these individuals are not included among those who typically receive Fed releases under embargo.

The list consisted of 154 total individuals who come from various entities, including banks, bank lobbying firms, Congressional staffers, government agencies, a rating agency, other public agencies and trade groups.

Twenty-one of these individuals work at Wall Street firms, including Goldman Sachs (GS), JPMorgan (JPM), Wells Fargo (WFC), Citigroup (C), Barclays (BCS), Nomura, HSBC (HBC) and BNP Paribas. Main street lenders such as Capital One (COF), Regions Financial (RF), PNC Bancorp (PNC), BB&T (BBT) and US Bancorp (USB) also received the minutes early.

The distribution also included Bryan Corbett, a Principal in private equity firm Carlyle Group's (CG) executive group, and Robert Pribble of hedge fund King Street.

The e-mail was deleted and not shared with anyone, said a Carlyle Group source.

King Street could not immediately be reached for comment.

Most of the Wall Street staffers included on the distribution have previous experience working as Congressional staffers or at federal agencies like the Federal Reserve and the Treasury Department, according to LinkedIn profiles, press releases and various media reports.

"The list is used to send material AFTER it is publicly released. The early distribution of the minutes on Tuesday was inadvertent," the Fed spokesperson said.

-- Written by Joe Deaux and Antoine Gara in New York.

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