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.
It is also associated with the Gaelic Beltane, most commonly held on April 30. The day was a traditional summer holiday in many pre-Christian European pagan cultures. While February 1 was the first day of spring, May 1 was the first day of summer; hence, the summer solstice on June 25 (now June 21) was Midsummer.he day was a traditional summer holiday in many pre-Christian European pagan cultures. While February 1 was the first day of spring, May 1 was the first day of summer; hence, the summer solstice on June 25 (now June 21) was Midsummer.