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Prolongation of US dollar liquidity-providing
21 December 2010
The Governing Council of the European Central Bank (ECB) has taken a decision, in coordination with the
Bank of Canada, the Bank of England, the Bank of Japan, and the Swiss National Bank, to extend the
liquidity swap arrangements with the Federal Reserve up to 1 August 2011, and to continue to conduct US
dollar liquidity-providing operations with a maturity of seven days. These Eurosystem operations will
continue to take the form of repurchase operations against eligible collateral and will be carried out as
fixed rate tenders with full allotment. The next US dollar liquidity-providing operation will be carried out on
22 December 2010, with settlement on 23 December; by way of exception, however, it will be conducted
as a 14-day operation to cover the year-end.
Information on related actions that are being taken by other central banks is available at the
following websites:
Federal Reserve Board:
Bank of England:
Bank of Japan:
Swiss National Bank:
Bank of Canada:


European Central Bank
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