New York Fed-FX swaps with foreign central banks total $76 million in latest week

March 17, 2016 8:04 PM

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New York Fed-FX swaps with foreign central banks total $76 million in latest week

NEW YORK The Federal Reserve provided $76 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.

The European Central Bank swapped $74 million with a term of 7 days and a rate of 0.87 percent.

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

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