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About the PHF German Panel on Household Finances (PHF)
The German Panel on Household Finances (PHF) is a panel survey on household finance and wealth in Germany, covering the balance sheet, pension, income, work life and other demographic characteristics of private households living in Germany. The panel survey is conducted by the Research Centre of the Deutsche Bundesbank.
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Budgetary developments in Germany (national accounts)
Pursuant to ESA 2010, the fiscal policy activities of the EU institutions at a national level are not included in the government sector account.
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Budgetary developments in Germany (public finance statistics)
These national public finance statistics contain data on the budgetary developments of central, state and local government, the social security funds and general government according to the definition in the German public finance statistics, which is largely based on transactions booked in the budgets.
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Expected real interest rates
Expected real interest rates are calculated based on nominal yields and inflation expectations from analyst surveys.
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Financial vehicle corporation (FVC) statistics
FVCs' end-of-quarter asset and liability positions in the form of a balance sheet with a sup-plementary breakdown of the balance sheet items by type, maturity and sector of the coun-terparts.
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Collateral
To collateralise all credit operations, the Eurosystem requires counterparties to provide adequate eligible assets in accordance with Article 18.1 of the Statute of the European System of Central Banks (ESCB). Assets need to fulfil a number of criteria to be accepted as eligible collateral by the Eurosystem.
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Further information on lodgements of coins
As of 1 January 2015, Deutsche Bundesbank branches will accept lodgements of coins from retail customers free of charge only if they comply with the standards laid down in the guidelines for the packaging of coin rolls and if whole numbers of standard containers are submitted per denomination.
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3-months Bills of the European Stability Mechanism (ESM) – Auction result
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