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 (MRR).

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: 31/01/2018 to 13/03/2018
Average reserve requirements (EUR millions): 123,863
Remuneration rate: 0.00%
Penalty rate for deficiencies: 2.75%
Reserve maintenance statistics (EUR millions)
Reserve maintenance period ending in: January 2018
Required reserves: 123,752
Excess reserves: 1,151,412
Deficiencies: 2
Current account holdings: 1,275,164