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Press Release
May 10, 2010

FOMC statement: FOMC authorizes reestablishment of temporary U.S. dollar liquidity
swap arrangement with the Bank of Japan
For release at 12:00 p.m. EDT
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The Federal Open Market Committee has authorized re-establishment
of its temporary U.S. dollar liquidity swap arrangement with the Bank of
Japan. This arrangement is similar to the arrangements announced
yesterday with the Bank of England, the European Central Bank, and
the Swiss National Bank in that it will provide the Bank of Japan with the
capacity to conduct tenders of U.S. dollars at fixed rates for the full
allotment.
This arrangement, like those announced yesterday, has been authorized
through January 2011.
Information on the action by the Bank of Japan is available at its website
(18 KB PDF)
.
U.S. Dollar Liquidity Swaps--Frequently Asked Questions

Last Update: May 10, 2010

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BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
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