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NY Fed says FX swaps with foreign cenbanks at $5.143 bln in latest week
NEW YORK, July 19 |
NEW YORK, July 19 (Reuters) - The Federal Reserve provided $5.143 billion in liquidity to foreign central banks in the latest week via its swap lines, New York Fed data showed on Thursday.
The European Central Bank was the only central bank to tap the swap facility. The term was for seven days with a rate of 0.67 percent.
The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan in an effort to respond to the emergence of strains in short-term funding markets in Europe.
The full Fed report can be found on:
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