Dollars lent to foreign central banks through Fed swap lines

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Dollars lent to foreign central banks through Fed swap lines. 1 series: Central bank liquidity swaps. Latest, 21 Oct 2026: Central bank liquidity swaps 0.2.

Spikes mark moments when the Fed acted as the world's dealer of last resort.

See also: Laurence Wilse-Samson, "Global Finance: A Money View", chapter 16, International Central Bank Cooperation

Classroom exerciseFind the peak weekly level of swaps in 2008–09 and in 2020, and count how many weeks each took to fall below $50 billion. Why did the 2020 episode unwind so much faster? Use the chapter's discussion of standing swap lines. Teach page

Billions of U.S. dollars, Wednesday levelFederal Reserve H.4.1 via FRED (SWPT); Balance of Power calculations.Data through 21 Oct 2026Next release: 29 Oct 2026 (H.4.1 Factors Affecting Reserve Balances, FRED calendar as of 25 Oct 2026)✓ Checked against Federal Reserve H.4.1 of 15 Oct 2026, table 1, central bank liquidity swaps, Wednesday level 205 million dollars

Cite asBalance of Power, "Dollars lent to foreign central banks through Fed swap lines", data through 21 Oct 2026. Source: Federal Reserve H.4.1 via FRED (SWPT); Balance of Power calculations.

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Latest values
DateCentral bank liquidity swaps
2 Sep 20260.1
9 Sep 20260.1
16 Sep 20260.1
23 Sep 20260.1
30 Sep 20260.2
7 Oct 20260.2
14 Oct 20260.2
21 Oct 20260.2
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ColumnSourceSeries keyStatusData through
swaps_mfredSWPTlive21 Oct 2026