NY Fed: FX swaps with foreign central banks total $28 million in latest week

NEW YORK Thu Dec 12, 2013 5:07pm EST

The Federal Reserve building is seen in Washington June 19, 2012. REUTERS/Yuri Gripas

The Federal Reserve building is seen in Washington June 19, 2012.

Credit: Reuters/Yuri Gripas

NEW YORK (Reuters) - The Federal Reserve provided $28 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.

The European Central Bank swapped $28 million with a term of 84 days and a rate of 0.59 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 reemergence of strains in short-term funding markets in Europe.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.