NY Fed-FX swaps with foreign cenbanks total $1.58 bln in latest week

NEW YORK Thu Oct 4, 2012 4:25pm EDT

NEW YORK Oct 4 (Reuters) - The Federal Reserve provided $1.58 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 lines for seven days at a rate of 0.63 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.

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