About International Reserves
and Foreign Currency Liquidity
by Reporting Country
Time Series Data for GERMANY (U.S. Dollars)
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More information on GERMANY and the IMF
This country reports International Reserves Template data broken down by Monetary
Authorities and Central Government.
Referring to Section I of the Template:
1. Official reserve assets have been valued at market prices since January 2001.
2. According to BPM 5, reserve assets consist of those external assets that are readily available to and controlled by monetary authorities for direct financing of payments imbalances, for indirectly regulating the magnitude of such imbalances through intervention in exchange markets to affect the currency exchange rate, and/or for other purposes. Reserve assets are thus liquid or marketable external assets denominated in convertible foreign currencies. As Germany is a member of the EMU, reserve assets are claims on non-euro area residents denominated in non-euro area currencies.
3. Securities lent under repo agreements will continue to be held by the Deutsche Bundesbank and may give rise to an increase in the foreign currency reserves together with the deposits received as collateral.
4. The methodology applied conforms to the guidelines provided by the IMF for the implementation of the template on international reserves and foreign currency liquidity, with the exception of the treatment of claims arising from reverse repos vis-�-vis NCBs or private financial institutions, which are classified under currency and deposits instead of under other reserve assets.
5. The reserve position in the Fund is the sum of (1) SDR and foreign currency amounts that Germany may draw from the IMF at short notice and without conditions from its "reserve tranche" and (2) indebtedness of the IMF (under a loan agreement) readily available to the Deutsche Bundesbank including Germany's lending to the IMF under the General Arrangement to Borrow (GAB) and the New Arrangements to Borrow (NAB). Reserve tranche positions in the IMF are liquid claims of members on the IMF that arise not only from the payments for quota subscriptions but also, for members in strong external positions, from the sale by the IMF of their currencies to meet the demand for use of IMF resources by other members in need of balance of payments support.
6. Gold refers to gold the Deutsche Bundesbank owns and holds as a reserve asset. Gold is valued at the market price of the London fixing of 10:30 a.m. at the end of the reference period.
Referring to Section II of the Template:
1. Outflows in foreign currencies are shown with a negative sign, while inflows are shown with a positive sign.
Referring to Section III of the Template:
1. Contingent short-term net inflows related to options are, if applicable, shown in position 4. (b).
2. Outflows in foreign currencies are shown with a negative sign, while inflows are shown with a positive sign.
3. The securities disclosed under position 2 have a residual maturity of more than one year. If applicable, positions with a residual maturity of less than one year are included in position 1 in Section II.
4. Since the Deutsche Bundesbank does not hold any options in foreign currencies, stress tests are not applicable.
Referring to Section IV of the Template:
1. Securities lent or repoed are shown with a negative sign, while those borrowed or acquired are shown with a positive sign.
2. The pledged assets disclosed in position 3, as well as the financial derivatives assets disclosed in position 5, are included in Section I.
3. Gold lending is included in the securities lent or repoed in position 4. Market values of the underlying assets are shown.
4. The currency composition of reserves is disclosed as at the end of the previous quarter.
5. The SDR basket includes gold, SDR, US-Dollar, Euro, Yen and Pound Sterling.