Fed Extends Dollar Swap Agreements with Numerous Central Banks

The U.S. Federal Reserve on Tuesday extended dollar swaps arrangements with a number of central banks. The following is the full text of the Fed's announcement.

The Federal Open Market Committee has authorized an extension through August 1, 2011, of its temporary U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. The swap arrangements, established in May 2010, had been authorized through January 2011.

Information on the actions that will be taken by other central banks is available at the following websites:

• Bank of Canada: http://www.bank-banque-canada.ca/en/index.html
  
• Bank of England: http://www.bankofengland.co.uk/index.htm
  
• European Central Bank: http://www.ecb.int/home/html/index.en.html
  
• Bank of Japan: http://www.boj.or.jp/en/
  
• Swiss National Bank: http://www.snb.ch/

For more details on the dollar liquidity arrangements, see: http://www.federalreserve.gov/newsevents/press/monetary/20101221a.htm

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