NEW YORK Jan 10 The Federal Reserve provided
$1.843 billion in liquidity to foreign central banks in the
latest week via its swap lines, New York Fed data showed on
The European Central Bank was the only central bank to tap
the swap lines. The ECB was provided $980 million for a term of
seven days at a rate of 0.66 percent, while the remaining $863
million was for 84 days and a rate of 0.65 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.