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Home > News & Events > Press Releases

Press Release
December 13, 2012

Federal Reserve and other central banks
announce an extension of the existing
temporary U.S. dollar liquidity swap
arrangements through February 1, 2014
For release at 8:30 a.m. EST
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The Bank of Canada, the Bank of England, the European Central Bank,
the Federal Reserve, and the Swiss National Bank are today
announcing an extension of the existing temporary U.S. dollar liquidity
swap arrangements through February 1, 2014. Previously, these swap
arrangements had been authorized through February 1, 2013.
These central banks are also extending through February 1, 2014 the
network of temporary bilateral liquidity swap arrangements that enable
the provision of liquidity in each jurisdiction in any of their currencies
should market conditions so warrant. The bilateral liquidity swap
arrangements had been authorized through February 1, 2013.
The Bank of Japan will consider an extension of both sets of swap
arrangements at its next Monetary Policy Meeting.
Information on the actions taken by other central banks is available at
the following websites:
Bank of Canada
Bank of England
Bank of Japan

European Central Bank
Swiss National Bank
For media inquiries, call 202-452-2955.

Last Update: December 13, 2012

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