FOMC statement: Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada, Bank of England, and Swiss National Bank announce extension of temporary U.S. dollar liquidity swap facilities

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 21, 2010. It is reproduced in full below.

The Federal Open Market Committee has authorized an extension through Aug. 1, 2011, of its temporary U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. The swap arrangements, established in May 2010, had been authorized through January 2011.

Information on the actions that will be taken by other central banks is available at the following websites: Bank of Canada Bank of England European Central Bank Bank of Japan Swiss National Bank U.S. Dollar Liquidity Swaps--Frequently Asked Questions

Source: Board of Governors of the Federal Reserve System