The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention.he U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of January 31, 1934.
Midsummer Eve. n. 1. June 23, the day before Midsummer Day, celebrated in Europe, Latin America, and Scandinavian communities in the United States by merrymaking. 2. June 23, the day before Midsummer Day, celebrated in many Christian churches by feasting. Also called Saint John's Eve.
The Feast of Saint John closely coincides with the June solstice, also referred to as Midsummer in the Northern hemisphere. The Christian holy day is fixed at 24 June; but in most countries festivities are mostly held the night before, on Saint John's Eve.