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.

Im Juni 2025 wies die Leistungsbilanz einen Überschuss von 36 Mrd. € auf (nach 32 Mrd. € im Vormonat).

Goethe University Frankfurt has appointed Bundesbank Executive Board member Fritzi Köhler-Geib as an honorary professor. Dr Köhler-Geib has been teaching master level courses in international and development economics/economic policy within the university’s economics and business department since 2021. She will continue to provide students on her courses, which focus on the intersection of financial markets and the real economy, with her practice-oriented perspective on policy measures to support economic growth and transformation processes.

 Implementing Regulation of the European Union as part of the additional monitoring metrics for liquidity reporting.

The Research Data and Service Centre (RDSC) provides two forms of access to selected microdata collected by the Bundesbank.

An analysis of future economic developments is indispensible for deciding on the monetary policy stance and assessing economic policy decisions. The Bundesbank therefore regularly prepares extensive forecasts of important economic metrics for Germany.

Since September 2024
Member of the Executive Board of the Deutsche Bundesbank

The statistics on the money markets is on money market transactions, namely on secured, unsecured and certain derivatives money market transactions, concluded by monetary financial institutions (MFIs), with the exception of money market funds.

The PHF is a representative survey of German households comprising both a panel and a refresher component. The panel structure mimics that of the [U.S.] Panel Study of Income Dynamics (PSID). All households are re-contacted, and all individuals tracked. The intended survey frequency is three years.

During the PHF's first wave in 2010‑2011 a net sample of 3,565 randomly selected households was collected. In subsequent waves interviews were conducted with 4,461 households (2014), 4,942 households (2017) and 4,119 households (2021). Almost half of the households in wave two took part for the second time. Two thirds of households who participated in wave three had already taken part in a previous wave. In wave four, the share of interviews with panel households in the total number of interviews reached 83 %. The fifth wave started in spring 2023.

The survey is based on a stratified design. To better measure the distribution of wealth in Germany, wealthy households are oversampled on the basis of micro-geographical information.

Information about the PHF panel.

The purpose of prudential liquidity regulations is to ensure that institutions are liquid at all times. Quantitative provisions for liquidity were introduced into European law for the first time by the Capital Requirements Regulation (CRR, Regulation (EU) No 575/2013), in keeping with the Basel liquidity framework. The two Basel minimum standards (LCR, NSFR) and the additional monitoring metrics (AMM) were implemented by means of appropriate implementing technical standards and/or revised by Regulation (EU) 2019/876, which amended the CRR.

The financial accounts summarise financial flows in the economy and thereby contribute to the picture provided by the national accounts, which focus on the real economy. Among other things, they show whether, on balance, financial resources were taken up or made available and in what form (eg loans or shares).

The Centralised Securities Database is a security-by-security reference database that contains data on instruments, issuers and prices for debt securities, equity instruments and investment fund shares issued worldwide. A security-by-security database is a microdatabase that stores statistics at an individual security level.