PRESS RELEASE

ECB announces additional US dollar liquidity-providing operations over year-end

15 September 2011

The Governing Council of the European Central Bank (ECB) has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year. These operations will be conducted in addition to the ongoing weekly seven-day operations announced on 10 May 2010. The schedule for these additional operations is as follows:

Tender date Settlement date Maturity date
12 October 2011 13 October 2011 5 January 2012
9 November 2011 10 November 2011 2 February 2012
7 December 2011 8 December 2011 1 March 2012

These will all take the form of repurchase operations against eligible collateral and will be carried out as fixed rate tender procedures with full allotment. Further information on tender procedures can be found on the ECB’s website.

Information on related announcements by other central banks is available on the following websites:

Bank of England: http://www.bankofengland.co.uk

Bank of Japan: http://www.boj.or.jp/en

Swiss National Bank: http://www.snb.ch

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