On December 9, 2008, The U.S. Federal Reserve loaned $15 billion to Goldman Sachs (NYSE:GS), the biggest single loan from a lending program. The details were not released until Wednesday, July 6.The program, which reached $80 billion in loans outstanding was recognized as the Fed’s single-tranche open-market operations. They produced loans to units of 19 banks between March and December 2008. In accordance with the Freedom of Information Act, the central bank revealed the borrower names, amounts borrowed and interest rates.Raymond W. Stone, managing director and economist with Stone & McCarthy Research Associates said, "The Fed has come a long way over a long period of time as far as transparency. They thought counterparties might be harmed, but now so much time has passed that the information is not as sensitive anymore."Goldman Sachs Group has a potential upside of 38.1% based on a current price of $133.89 and an average consensus analyst price target of $184.95.