NY Fed: New Central Bank Dollar Swap Borrowing At $876 Million In Latest Week
First Published Thursday, 26th April 2012 08:24 pm - © 2012 Dow Jones
NEW YORK -(Dow Jones)- New central bank borrowings from the Federal Reserve's dollar liquidity swap facility were $876 million in the week ending Wednesday.
Total borrowings for the week stood at $31.97 billion, from $32.37 billion the week before.
The Fed's facility allows the world's major central banks to borrow dollars to ensure the continued availability of greenbacks in world financial markets. Borrowings increased in recent months as Europe's ongoing problems have unsettled financial markets, but interest in the facility has declined in recent weeks.