Circular
Federal Reserve Announces
Re-Establishment of Temporary U.S. Dollar Liquidity Swap Arrangement with Bank of Japan
May 10, 2010
Circular No. 12207

The Federal Open Market Committee has authorized
re-establishment of its temporary U.S. dollar liquidity swap arrangement with the Bank of Japan. This arrangement is similar to the arrangements announced yesterday with the Bank of England, the European Central Bank and the Swiss National Bank in that it will provide the Bank of Japan with the capacity to conduct tenders of U.S. dollars at fixed rates for the full allotment.

This arrangement has been authorized through January 2011.

See press release for details.

Press release offsite