Fed Extends Temporary Dollar Swap Lines and Repurchase Facility

The Federal Reserve building in Washington, D.C., U.S., on Monday, Nov. 9, 2020. Few Republican officeholders have been willing to publicly dispute President Donald Trump as he attacks the integrity of the election system, underscoring how he will remain a potent force in GOP politics even if he ultimately loses the White House.Photographer: Stefani Reynolds/Bloomberg

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By Christopher Condon

December 16, 2020 at 7:01 PM UTC

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The Federal Reserve said it had extended through September 2021 two programs designed to insure the ready supply of U.S. dollars worldwide and smooth the functioning of the market for U.S. Treasuries.

“A further extension of these facilities will help sustain recent improvements in global U.S. dollar funding markets by serving as an important liquidity backstop,” the Fed said in a statement Wednesday.