ECB: Banks Used EUR58.550 Billion In Overnight Deposit Facility
July 19 2010 - 4:02AM
Dow Jones News
Euro-zone banks slightly decreased their use of the European
Central Bank's overnight deposit facility to EUR58.55 billion
Friday, ECB data showed Monday.
That is EUR3.11 billion lower than the roughly EUR61.66 billion
reported for Thursday's use of overnight funds.
Use of the ECB's overnight facility, which is perceived as a
safe but costly option to place unneeded liquidity, has dropped
from levels of well over EUR200 billion in recent weeks.
ECB website: www.ecb.int
-By Frankfurt Office, Dow Jones Newswires; +496929725514;