The Fed says it has conducted forex swaps of $896 mln with the ECB. Not a huge amount, but your last stop as a bank is the central bank. You pretty much have to exhaust all options before going to the CB, hat in hand for funding.
The Fed says it has conducted forex swaps of $896 mln with the ECB. Not a huge amount, but your last stop as a bank is the central bank. You pretty much have to exhaust all options before going to the CB, hat in hand for funding.