Fed Releases Flood of U.S. Dollars:

The Federal Reserve led an unprecedented push by central banks to flood the financial system with as many dollars as banks want, backing up government efforts to revive confidence and helping to reduce money-market rates.

The European Central Bank, the Bank of England and the Swiss National Bank will offer European banks unlimited dollar funds with maturities of seven, 28 and 84 days at fixed interest rates against ``appropriate collateral,'' the Washington-based Fed said today. The Fed had capped at $380 billion the currency it would swap with the three central banks.

limitless dollars:

On Monday, the Fed said it would provide limitless dollars through its swap lines with foreign central banks in an effort to unfreeze inter-bank lending.