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4 years ago
NY Fed: FX swaps with foreign central banks total $28 million in latest week
December 12, 2013 / 10:12 PM / 4 years ago

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

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

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