Eurodollar obligations

Eurodollar obligations

Certificates of deposit issued in U.S. dollars by foreign banks and foreign branches of U.S. banks.

Eurodollar Obligations

Bonds or, more commonly, certificates of deposit issued in U.S. dollars but outside the jurisdiction of the Federal Reserve. Most of the time, a eurodollar obligation is held by a non-American bank or a foreign branch of an American bank. However, a dollar-denominated obligation is considered a eurodollar obligation if it is held anywhere outside the United States. See also: eurodollar.
References in periodicals archive ?
167) Even if an institution is sufficiently capitalized, large Eurodollar obligations can undermine liquidity because foreign banks do not normally have access to the Federal Reserve discount window, yet have dollar-denominated obligations.