The Federal Reserve's Arrangement for Emergency Loans to Japanese Banks
Description:
The U.S. Federal Reserve reportedly has an arrangement with the Bank of Japan to provide emergency loans to Japanese banks operating overseas in exchange for U.S. Treasury securities. The collateralized loans would be extended on short notice for banks facing emergency liquidity needs. The purpose of the arrangement is to forestall the possible sale by Japanese banks of large amounts of U.S. Government securities (thereby raising U.S.
interest rates) and to boost confidence in Japan's financi…
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Date:
December 27, 1995
Creator:
Nanto, Dick K.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department