Minimum reserves

Introduction

The ECB requires credit institutions established in the euro area to hold deposits on accounts with their national central bank. These are called "minimum" or "required" reserves (MMR).

Credit institutions subject to the Eurosystem's minimum reserve requirements
How to calculate the minimum reserve requirements (reserve coefficients, standardised deductions and lump-sum allowance)

Data

Banks subject to MRR and exempt

Remuneration and penalty rates
Reserve maintenance period: 16/03/2016 to 26/04/2016
Average reserve requirements (EUR millions): 114,313
Remuneration rate: 0.00%
Penalty rate for deficiencies: 2.80%
Reserve maintenance statistics (EUR millions)
Reserve maintenance period ending in: March 2016
Required reserves: 114,733
Excess reserves: 444,413
Deficiencies: 0
Current account holdings: 559,147