On May 11th, the Federal Reserve Board released the text of three agreements with foreign central banks to reestablish temporary dollar swap facilities and announced that, starting May 13, 2010, it would disclose information weekly on use of the swap lines by each of the counterparty central banks. The contracts detailing the swap arrangements with the Bank of England, the European Central Bank, and the Swiss National Bank are now available. Agreements with the Bank of Canada and the Bank of Japan will be posted after they are finalized. Federal Reserve Board Press Release (with links to agreements). See also May 9, 2010 Federal Reserve Board Press Release (announcing the reestablishment of the swap facilities).
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Federal Reserve Board publishes swap agreements
- Winston & Strawn LLP
- May 17 2010
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