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Board of Governors of the Federal Reserve System
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Press Release
April 06, 2009

Federal Reserve, Bank of England, European
Central Bank, Bank of Japan, and Swiss
National Bank announce swap arrangements
For release at 10:00 a.m. EDT
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The Federal Reserve, the Bank of England, the European Central
Bank, the Bank of Japan, and the Swiss National Bank announce
swap arrangements
The Bank of England, the European Central Bank (ECB), the Federal
Reserve, the Bank of Japan, and the Swiss National Bank are
announcing swap arrangements that would enable the provision of
foreign currency liquidity by the Federal Reserve to U.S. financial
institutions. Should the need arise, euro, yen, sterling and Swiss francs
would be provided to the Federal Reserve via these additional swap
agreements with the relevant central banks. Central banks continue to
work together and are taking steps as appropriate to foster stability in
global financial markets.
Federal Reserve Actions
The Federal Open Market Committee has authorized new temporary
reciprocal currency arrangements (foreign currency liquidity swap lines)
with the Bank of England, the ECB, the Bank of Japan, and the Swiss
National Bank. If drawn upon, these arrangements would support
operations by the Federal Reserve to provide liquidity in sterling in
amounts of up to £30 billion, in euro in amounts of up to €80 billion, in
yen in amounts of up to ¥10 trillion, and in Swiss francs in amounts of up

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to CHF 40 billion.
These foreign currency liquidity swap lines have been authorized
through October 30, 2009.
Information on Related Actions Being Taken by Other Central
Banks
Information on the actions of other central banks is available at the
following websites:
Bank of England
Bank of Japan
European Central Bank
Swiss National Bank

Last Update: April 06, 2009

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BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
20th Street and Constitution Avenue N.W., Washington, DC 20551