Set as homepage  |  Add to Favorites
Navigation
News Center
Link
 
AAC Machine
AAC Plant
Probiotic Machine
News Center
 
U.S. Fed announces dollar swap extension through August 2011
Date: 2010/12/23 Click: 949
The U.S. Federal Reserve announced on Tuesday that it had authorized an extension 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 previously authorized through January 2011. The Fed announced on Tuesday to extend them through Aug. 1, 2011, the U.S. central bank said in a short statement.
  
  The swap facilities aimed at responding to the re-emergence of strains in short term funding markets in Europe due to the sovereign debt crisis.
  
  They were designed to improve liquidity conditions in global money markets and to minimize the risk that strains abroad could spread to U.S. markets, by providing foreign central banks with the capacity to deliver U.S. dollar funding to institutions in their jurisdictions.
Copyright © 2003-2013 Hopeland Chem-Tech Co., Ltd. All rights reserved.
Add.: Rm. B-1708, Taaffeite International Commerce Plaza, 4th Gaoxin Road, Xi'an City, Shaanxi Province, China
Postal Code: 710075
Cell phone: +86 135 7190 0119
Tel: +86 29 6296 0726
Fax: +86 29 6296 0725
Email: 85xianji@85xianji.com / icec0529@yahoo.com
Website: www.hopeland-cn.com


Web Stats: