Bloomberg News

ECB Says Banks’ Overnight Deposits Increased to 18-Month High

December 13, 2011

Dec. 13 (Bloomberg) -- The European Central Bank said financial institutions’ overnight deposits with it rose to an 18-month high.

Euro-area banks parked 346.4 billion euros ($457.6 billion) with the Frankfurt-based ECB yesterday, up from 334.9 billion euros the previous day and the most since June 14 last year. Banks also borrowed 9 billion euros overnight, up from 7.4 billion euros a day earlier, the ECB said.

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