The inside story of the Bank of England’s response to the financial crisis will be revealed this week when the details of meetings which took place at the height of the crisis are published for the first time.

In response to pressure from the Treasury select committee, Threadneedle Street will take steps to show its inner workings by publishing the minutes of meetings of its court, which is akin to a board of directors.

The publication will lift the lid on information that has otherwise been kept private since the financial crisis and follows requests by the select committee for the last four years for the Bank to become more accountable.

The minutes of meetings of the court between 2007 and 2009 are to be published on Wednesday alongside those from 1914 to 1946. The Bank of England pledged in December to publish the minutes of meetings up to 1987 during the course of 2015.

In 2011, Sir David Lees, who was chairman of the court from June 2009 until July 2014, told MPs on the select committee that he had read the 250 pages of court minutes relating to financial stability between June 2007 and May 2009, but refused to publish them because they were not covered by the Freedom of Information Act.

The minutes – which will be redacted – are expected to shed light on the thinking at the highest level of the Bank during the crisis, when Mervyn (now Lord) King was governor. King told the Today programme last week that he found it “fun” working with Ben Bernanke, the then head of the US Federal Reserve, to try to solve the crisis.

King, who was guest editing the BBC Radio 4 programme, also refused to apportion blame for the events that led to the crisis when asked if it was Labour’s fault.

“I am not going to talk about individual parties’ culpability because I think the real problem was a shared intellectual view right across the entire political spectrum and shared across the financial markets that things were going pretty well,” King said last week.

The Bank has already disclosed that during September 2007 – when the crisis began with the run on Northern Rock – there were six meetings of the court. Lees has said that in his view the minutes showed that the court was frustrated by the limits it faced to its powers, which have since been bolstered by putting it at the centre of regulating the banking industry.

The Bank said last month that the minutes would be published “in appropriately redacted form” .

“Redactions to the minutes will be minimal, and confined to certain specific categories including for example the need to protect the security of the Bank and its staff, and to comply with legal requirements,” the Bank said last month.

Minutes of meetings of the court dating back to 1694 – when the Bank was established – until 1913 are already available on the Bank of England’s website after being delayed for 100 years. Since April 2013, the minutes of the court have been published six weeks after the meetings.

The most recent minutes published by the Bank show there were reservations at the October meeting about publishing the crisis minutes ahead of the 20-year grace period being adopted across government. But the minutes also say: “On the other hand, the Bank had not produced a formal review of the period, and although there had been specific reviews of market operations, forecasting and emergency facilities, and much had changed as a result, that was perceived as a deficiency”. The decision was then taken to release the minutes.