"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Monday, November 5, 2012

ECB Minimum Reserves & Liquidity Factors & Conditions

Enjoy these charts courtesy of the ECB.

Daily Liquidity Conditions
According to the ECB DLP "...contain ex post data (in EUR millions) on volumes of: 1) open market operations; 2) recourse to the marginal lending facility; 3) use of the deposit facility; 4) autonomous liquidity factors; 5) current account holdings; and 6) reserve requirements".

Daily Percent Change in ECB Daily Liquidity Conditions

Benchmark Allotments
According to the ECB BA "...is the allotment amount in the main refinancing operations that allows counterparties to smoothly fulfil their reserve requirements, taking into account the expected liquidity supply through other open market operations and the ECB's forecast of autonomous factors and excess reserves".
ECB Deposit Facility
Overnight deposits at the ECB.  More on TARGET2 and its terms and conditions here.