NEW YORK, Oct 11 (Reuters) - The Federal Reserve provided$1.98 billion in liquidity to foreign central banks in thelatest week via its swap lines, New York Fed data showed onThursday.
The European Central Bank was the only central bank to tapthe swap lines. The financing was for seven days at a rate of0.65 percent.
The Federal Reserve has established swap arrangements withthe Bank of Canada, the Bank of England, the European CentralBank, the Swiss National Bank and the Bank of Japan in an effortto respond to the emergence of strains in short-term fundingmarkets in Europe.
(For the full Fed report, please double-click:
(Reporting by Gertrude Chavez-Dreyfuss)
Keywords: FED FOREX/SWAPS