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Prolongation of US dollar liquidity-providing operations 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: http://www.federalreserve.gov Bank of England: http://www.bankofengland.co.uk Bank of Japan: http://www.boj.or.jp/en Swiss National Bank: http://www.snb.ch Bank of Canada: http://www.bankofcanada.ca CONTACT European Central Bank Directorate General Communications Sonnemannstrasse 20 60314 Frankfurt am Main, Germany +49 69 1344 7455 media@ecb.europa.eu Reproduction is permitted provided that the source is acknowledged. Media contacts Copyright 2022, European Central Bank
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