Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

We do have a swap line with Mexico. It’s a standing swap line. It’s $3 billion under the North American Framework Agreement. It’s the counterpart to NAFTA. Under that agreement, we also have a $2 billion swap line with Canada. Here we would be adding a new temporary liquidity swap line, so it would be a new legal construct.

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