Federal Reserve Releases Agreements with Foreign Central Banks to Reestablish Temporary Dollar Swap Facilities
May 12, 2010
Circular No. 12209

The Federal Reserve has publicly released the text of three agreements with foreign central banks to reestablish temporary dollar swap facilities and announced that it would disclose information weekly on use of the swap lines by each of the counterparty central banks.

The Federal Reserve Board and Federal Reserve Bank of New York posted on their websites the contracts detailing the swap arrangements with the Bank of England, the European Central Bank and the Swiss National Bank. Agreements with the other foreign central banks—the Bank of Canada and the Bank of Japan—will be posted after they are finalized.

As was the case previously, swap activity will be reported on an aggregate basis each week in the Federal Reserve’s H.4.1 statistical release and will be listed by individual central bank in the Federal Reserve System's Monthly Report on Credit and Liquidity Programs and the Balance Sheet.

See press release for full details.

Press release offsite