Thus, we have helped to alleviate funding concerns of banks, which are still hesitant to lend to households and firms. Two years ago, we provided funding support to euro area banks through two Long Term Refinancing Operations with a maturity of three years each.
4/5  BIS central bankers' speeches  1 I am grateful to Susan Foley and Anjana Ravi of the Federal Reserve Board for their assistance in preparing this  text. These remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee.