The external position of the Deutsche Bundesbank
- Dissemination practice
- Methodological notes
- Data sources
- Data template on international reserves and foreign currency liquidity
The external position is calculated by the Deutsche Bundesbank each month and published approximately one to two weeks after the end of the reporting month.
The external position is disseminated in the following form:
- Time series database
- Monthly Report
- Statistical Supplement 3 - Balance of payments statistics
- Special Statistical Publication 11 – Balance of payments by region
The Bundesbank's external position is a monthly stock statistic. The separately recorded "reserve assets" comprise gold, the reserve position in the IMF and special drawing rights in addition to tradable and liquid claims in foreign currency on debtors domiciled outside the euro area (currency and deposits as well as securities). "Other investment" primarily includes intra-Eurosystem claims, eg claims on the ECB from TARGET2 balances the share in the capital of the ECB and claims arising from the transfer of reserve assets to the ECB. "Securities" mainly relate to long-term debt securities from issuers within the euro area. The Bundesbank's "external liabilities" comprise non-residents' credit balances at the Bundesbank as well as external liabilities related to euro banknote issuance and the counterpart of special drawing rights allocated by the IMF.
In terms of the concepts and definitions as well as the presentation of results, the reserve assets are determined in accordance with the methodological requirements of the 6th Balance of Payments Manual of the International Monetary Fund (BPM6), the Guideline of the European Central Bank (ECB/2013/25) and the "Statistical treatment of the Eurosystem's international reserves" manual (ECB 2000).
The data for determining the external position are largely taken from the accounting system of the Deutsche Bundesbank.
Data template on international reserves and foreign currency liquidity
Germany's international reserves (reserve assets) and foreign currency liquidity position are presented in this data template in line with a common publication scheme. The scheme was developed jointly by the IMF and the BIS's "Committee on the Global Financial System" to improve the transparency of reserve assets in response to the financial Germany's international reserves (reserve assets) and foreign currency liquidity position are presented in this data template in line with a common publication scheme Deutsch.rises of the 1990s (for more information, see "Methodological notes" below).
The "data template on international reserves and foreign currency liquidity" is compiled monthly by the Bundesbank as at the end of each reporting period. The main components are published five working days after the end of each reporting month as part of the "Special Data Dissemination Standard Plus" (SDDS Plus) on the National Summary Data Page (NSDP) of the Federal Statistical Office.
The complete publication scheme, based on the SDDS Plus, is provided on the Internet by the middle of the following month. The actual dissemination date is announced in the release schedule.
These data are also published monthly on this site under "Tables".
The "data template on international reserves and foreign currency liquidity" provides a detailed overview of Germany's international reserves (see "External position of the Bundesbank") and other foreign currency assets, as well as potential and predetermined short-term foreign currency inflows and outflows (including Federal government claims and liabilities). In addition to traditional balance sheet data, it also contains off-balance-sheet positions (if available).
The "international reserves and foreign currency liquidity" statistics comply with internationally agreed concepts in their conceptual design, methodology and presentation ("International Reserves and Foreign Currency Liquidity - Guidelines for a Data Template", IMF 2001 and "Statistical treatment of the Eurosystem's international reserves", ECB 2000).
Metadata are available on the IMF's Dissemination Standards Bulletin Board (DSBB) as an SDDS Plus indicator. They describe the methodological, conceptual and institutional framework for the dissemination of Germany's "international reserves and foreign currency liquidity".
The data for creating the "data template on international reserves and foreign currency liquidity" are largely taken from the accounting system of the Deutsche Bundesbank and the publications of the German Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH) concerning the Federal Government's stock data.