Friday, December 31, 2010

FT: Fed extends central bank swap lines to August

...At present only $60m of the swap lines are in use but as much as $9.2bn was drawn down in May this year when stress on the European banking system was at a peak. Overall usage of the central bank swap lines peaked at the height of the financial crisis in December 2008 when foreign central banks drew on $583bn in dollar funding.

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