Bloomberg News

ECB Says Banks’ Overnight Deposits Rose to Most in Three Weeks

October 31, 2011

Oct. 31 (Bloomberg) -- The European Central Bank said banks increased overnight deposits to the most in three weeks.

Euro-area banks parked 248.1 billion euros ($347.9 billion) with the ECB overnight, up from 218.1 billion euros the previous day and the most since Oct. 10. They borrowed 2.9 billion euros in emergency overnight funds at the marginal rate of 2.25 percent, up from 2.7 billion euros a day earlier.

To contact the reporter on this story: Matthew Brockett in Frankfurt at mbrockett1@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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