FRANKFURT--The European Central Bank once again provided $1 billion to a single bank at its weekly dollar swap operation Wednesday, matching its allotment from the previous two weeks.
Demand at the operation, held at a fixed rate of 0.65%, was steady versus last week's seven-day operation, when just one bank also borrowed $1 billion.
The ECB doesn't disclose the names of borrowers, which could be any bank operating in the euro zone with eligible collateral. European banks need dollars to fund non-euro activities.
To provide dollar loans, the ECB borrows the equivalent amount from the Federal Reserve.
The U.S. central bank announced last year that it will continue the dollar swap lines with the ECB until February 2014.
Write to Tom Fairless at tom.fairless@dowjones.com
