PRESS RELEASE

Extension of temporary currency arrangements

3 February 2009

To address continued pressures in global US dollar funding markets, the temporary reciprocal currency arrangements (swap lines) between the Federal Reserve and other central banks have been extended.

The Governing Council of the European Central Bank (ECB) and the Federal Open Market Committee of the Federal Reserve of the United States of America have decided to extend their temporary reciprocal currency arrangement (swap line) to 30 October 2009.

Information on the related announcement made by the Federal Reserve is available on the following website: http://www.federalreserve.gov.

Federal Reserve Board

Media contacts