fed swap lines Archive

The Fed Is Misleading Congress About Europe – US Business News Blog – CNBC

The Fed Is Misleading Congress About Europe – US Business News Blog – CNBC By Warren Mosler ...Read More

Fed swap lines continuing to wind down

[Skip to the end] Central bank liquidity swaps (13) 150,282 – 15,574 [top] ...Read More

Fed swap lines continue to fall

[Skip to the end] Central bank liquidity swaps (13) $250,215 – $36,059 USD LIBOR is down as well. Not sure where the funds are coming from. IMF loans are a possibility, as are direct bank, corporate, and private USD borrowings. But good news as the Fed is slowly being let off the ...Read More

Fed swap lines a touch lower

[Skip to the end] Central bank liquidity swaps (13) $327,692 – $1,894 [top] ...Read More

Fed swap lines falling more quickly

[Skip to the end] Central bank liquidity swaps (13) $320,389 – $54,201 Looks like it’s working out as foreign banks find other ways to fund their USD liabilities? [top] ...Read More

Fed extending swap lines until October

[Skip to the end] IMPORTANT NEWS: The SNB and Fed have just confirmed that the unlimited swap lines have been extended to October, according to UBS. Thanks, will spread this news around. [top] ...Read More

Fed swap lines finally getting attention

[Skip to the end] Europe’s Growing Crisis Puts the Fed at Risk by Jack Willoughby Jan 31 (Barrons) — European central banks are at risk of defaulting on their currency swaps with the U.S. Federal Reserve, unless major banks on the Continent can find some way to stabilize their deteriorating balance sheets. ...Read More

Korea using Fed swap lines (cont.)

[Skip to the end] Got some new players as well! Bank of Korea to Supply $3 Billion to Local Banks Jan 19 (Korea Times) — South Korea’s central bank said Monday it will provide $3 billion to local banks suffering from a dollar liquidity crunch in the wake of the U.S.-sparked global ...Read More

WSJ on Fed swap lines

[Skip to the end] These are functionally unsecured loans from the Fed to central banks of foreign governments. The Fed loans USD and gets local currency deposits as collateral held at the foreign central bank. If the central bank defaults to the Fed, its only recourse is to try to sell those ...Read More

Fed swap lines fall to $575 billion

[Skip to the end] Other Federal Reserve assets are $575,496B – down $30,229B Looks like the swap lines are drifting lower. This is a very good sign as we near the April expiration date. [top] ...Read More