Forex swaps with ECB total $75 million – NY Fed

NEW YORK, Dec 23 (BestGrowthStock) – The Federal Reserve provided
$75 million of liquidity to the European Central Bank in the
latest week via its swap lines for foreign central banks, the
New York Fed said on Thursday.

The ECB was the sole institution to tap the swap lines in
the week ended Dec. 22, swapping the full amount.

The terms for the ECB swap were seven days at 1.18 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 Dan Grebler)

Forex swaps with ECB total $75 million – NY Fed