Skip to main content

Central Bank Liquidity Swaps held by the Federal Reserve: Maturing within 15 days

2015-11-18: 150 Millions of Dollars  
Weekly, As of Wednesday, Not Seasonally Adjusted, SWP15, Updated: 2015-11-19 3:46 PM CST
1yr | 5yr | 10yr | Max

The FOMC has authorized temporary reciprocal currency arrangements (central bank liquidity swaps) with certain foreign central banks to help provide liquidity in U.S. dollars to overseas markets.

These swaps involve two transactions. First, when the foreign central bank draws on the swap line, it sells a specified amount of its currency to the Federal Reserve in exchange for dollars at the prevailing market exchange rate. The foreign currency that the Federal Reserve acquires is placed in an account for the Federal Reserve at the foreign central bank. This line in the statistical release reports the dollar value of the foreign currency held under these swaps.

Second, the dollars that the Federal Reserve provides are deposited in an account for the foreign central bank at the Federal Reserve Bank of New York. At the same time as the draw on the swap line, the Federal Reserve and the foreign central bank enter into a binding agreement for a second transaction in which the foreign central bank is obligated to repurchase the foreign currency at a specified future date at the same exchange rate. At the conclusion of the second transaction, the foreign central bank pays a market-based rate of interest to the Federal Reserve. Central bank liquidity swaps are of various maturities, ranging from overnight to three months.

Source: Board of Governors of the Federal Reserve System (US)

Release: H.4.1 Factors Affecting Reserve Balances

Growth Rate Calculations | US recession dates

Restore defaults | Save settings | Apply saved settings
Recession bars:
Log scale:

Y-Axis Position:
(a) Central Bank Liquidity Swaps held by the Federal Reserve: Maturing within 15 days, Millions of Dollars, Not Seasonally Adjusted (SWP15)
Integer Period Range:

copy to all
Create your own data transformation: [+]
Need help? [+]

Use a formula to modify and combine data series into a single line. For example, invert an exchange rate a by using formula 1/a, or calculate the spread between 2 interest rates a and b by using formula a - b.

Use the assigned data series variables above (e.g. a, b, ...) together with operators {+, -, *, /, ^}, braces {(,)}, and constants {e.g. 2, 1.5} to create your own formula {e.g. 1/a, a-b, (a+b)/2, (a/(a+b+c))*100}. The default formula 'a' displays only the first data series added to this line. You may also add data series to this line before entering a formula.

will be applied to formula result

Create segments for min, max, and average values: [+]

Suggested Citation
Board of Governors of the Federal Reserve System (US), Central Bank Liquidity Swaps held by the Federal Reserve: Maturing within 15 days [SWP15], retrieved from FRED, Federal Reserve Bank of St. Louis, November 24, 2015.

Retrieving data.
Graph updated.

Subscribe to our newsletter

Follow us

Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo
Back to Top
Click to send us feedback