Bundesbank’s external position stood at €833 billion at the end of August 2025, with claims from the TARGET2 payment system worth €1061 billion making up around 70 % of total assets. These are followed by international reserves, comprising gold and foreign exchange reserves, including the special drawing rights allocated by the International Monetary Fund (IMF), which account for a total of 21 % of assets. At 86 %, issuance of euro cash accounted for the bulk of liabilities. Deposits of non-euro area residents amount to 6 % of foreign liabilities.

Der Bruttoabsatz am deutschen Rentenmarkt lag im Juli 2025 mit 131,7 Mrd € unter dem Wert des Vormonats (146,5 Mrd €). Nach Berücksichtigung der Tilgungen und der Eigenbestandsveränderungen der Emittenten stieg der Umlauf inländischer Rentenpapiere um 73,5 Mrd € (Juni: 53,6 Mrd €). Am deutschen Markt gehandelte ausländische Titel wurden hingegen im Umfang von 7,8 Mrd € getilgt. Der Umlauf von in- und ausländischen Schuldverschreibungen in Deutschland nahm so im Ergebnis um 65,7 Mrd € zu. 

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

The German government has decided to mint a €2 commemorative coin entitled “175th Anniversary of the Frankfurt Constitution” to be issued on 21 March 2024.

The weekly activity index (WAI) is an index designed to measure real economic activity in Germany in a timely manner. The index is based on daily, weekly, monthly and quarterly indicators for the German economy.

Regulation of banks is essential to the stability of our financial system. But how appropriate is the time and effort for smaller, regional banks? In a guest article in the Frankfurter Allgemeine Zeitung, Bundesbank Executive Board member Michael Theurer and BaFin President Mark Branson highlight the challenges facing small banks in Europe and call for a novel approach to reducing EU-wide regulatory requirements for small banks without jeopardising safety standards.

The German government has decided to mint a €10 collector coin entitled “Federal Agency for Technical Relief”, which is scheduled for issue on 24 April 2025.

In August, individuals in Germany adjusted their expectations for real estate prices in their region slightly upwards. With an average expected increase of 5.5 % over the next twelve months, expectations were 0.2 percentage point higher than the previous month’s figure of 5.3 %. When asked about their qualitative expectations in August, 63 % of individuals expected real estate prices to increase (July: 61 %) and an unchanged 7 % expected them to decrease during this period.

Während die Grafiken auf den übrigen Webseiten dieser Studie die Ergebnisse regelmäßig erfragter Kernfragen abbilden, zeigen wir hier in loser Folge überwiegend Grafiken aus Sonderfragen zu Forschungsprojekten oder zur Politikberatung.