Fed Intervenes Only Once FX Balances Rise Sharply

- By FX Markets Staff
- @FXMarkets_
- 13 Mar 1992

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The Federal Reserve Bank intervened just once during the three month period ended January 31, and even then, only modestly and in conjunction with the Bank of Japan. However, the central bank and Treasury reported that the value of outstanding foreign currency balances rose sharply during the period despite their continued efforts to adjust them through off-market transactions.

The Fed, which hadn't intervened in the open market since mid-July 1991, showed up again January 17, the bank confirmed

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