ECB/FED Dollar Swaps Surpass Recent Liquidity Crisis Highs, Highest Since 2009

ECB Dollar Swaps With New York Fed Jump To Highest Since 2009, Surpass Recent Liquidity Crisis Highs
2 February 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/ecb-dollar-swaps-new-york-fed-jump-highest-2009-surpass-recent-liquidity-crisis-highs

Excerpt:

So perhaps someone can explain to us why the ECB’s FX swaps with the New York Fed (reported by the European central bank 9 days in advance of confirmation by the Fed)

just rose to a post-crisis flare up high of $89.3 billion, up from last week’s $84.5 billion (the increase a function of new 7 and 84 Day swaps, each getting 10 and 17 participating banks, respectively),

more than any other time in 2011, 2011, when the liquidity crisis was rampaging, and in fact the highest since July 2009.

So: what is fixed again?