[Skip to the end]
Seems the Fed is no isolating the USD swaps to foreign CBs.
From my reading of the January 29 numbers the balance is about $466 billion:
Central bank liquidity swaps (13) $465,853 million – $2,672 million.
This down from where I thought it was as there were other assets mixed in on previous Fed reports.
Still a troublesome number, however. That’s a lot of unsecured loans to foreign governments without Congressional oversight.