Forex swaps with ECB total $65 million – NY Fed

NEW YORK, Nov 18 (BestGrowthStock) – The Federal Reserve provided
$65 million of liquidity to foreign central banks in the latest
week, the New York Fed said on Thursday.

The European Central Bank was the sole institution to tap
the swap lines in the week ended Nov. 17, swapping the full
amount.

The terms for the ECB swap were six days at 1.19 percent,
the New York Fed added.

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 re-emergence of strains in short-term
funding markets in Europe.

(For the full Fed report, double-click on:
http://www.newyorkfed.org/markets/fxswap/fxswap.cfm)
(Editing by )

Forex swaps with ECB total $65 million – NY Fed