Germany official reserve assets and Bundesbank TARGET2 balance, monthly

Name: Germany official reserve assets and Bundesbank TARGET2 balance, monthly
Creator: Deutsche Bundesbank
License: https://creativecommons.org/licenses/by/4.0/

What the Bundesbank holds against and owes to the rest of the world: official reserve assets by instrument with the reserve template for foreign currency liquidity, and the external position in other investment that contains the TARGET2 claim on the Eurosystem - the single largest item on the Bundesbank's external balance sheet.

Source: Deutsche BundesbankLast updated: Sep 14, 2026, 11:25Curated by Bui Thanh PhucAbout this data ↓

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
Reserve assets and foreign currency liquidity2
Reserve assets2
Positions (stocks)3
(mthly.), Total, Positions4	502,625	469,982	469,429	507,009	513,150	518,687	562,209	545,341	481,795	476,102	462,176	435,692	401,591	399,485	389,303	402,515	399,435	402,671	390,627	385,150	363,705	366,023	364,864	345,338	335,474	332,651	328,214	324,156	324,404	312,728	295,014	294,402	292,259	292,718	295,288	282,490	284,364
(mthly.), Reserve Position in the IMF, Positions	8,279	8,185	8,202	8,243	8,123	8,186	8,123	8,087	8,201	8,176	8,250	8,157	8,290	8,374	8,296	8,493	8,540	8,044	8,328	8,448	8,267	8,221	8,339	8,395	8,318	8,401	8,355	8,399	8,591	8,563	8,777	8,921	8,782	8,958	9,256	9,278	9,218
(mthly.), Monetary gold, Positions	413,877	380,411	380,732	418,979	426,202	430,173	475,489	459,239	395,215	388,846	375,658	349,996	315,035	311,036	301,591	312,447	310,207	310,903	295,956	290,776	270,580	271,468	274,165	254,267	244,992	240,587	234,891	232,717	232,438	220,571	202,181	202,641	201,335	201,195	202,630	190,232	192,914
(mthly.), Other reserve assets (currency, deposits, securities, financial derivatives and other claims), Positions2	33,403	34,118	33,128	32,988	32,215	33,223	32,170	31,867	31,851	32,247	31,519	31,116	31,688	32,733	32,502	33,684	33,041	34,639	35,475	35,265	33,970	35,717	33,068	33,595	32,957	34,041	35,109	33,538	34,007	34,314	34,744	33,428	33,376	33,627	33,871	33,333	33,253
(mthly.), Currency and deposits, Positions2	1,208	1,949	1,188	2,642	2,839	1,615	4,000	4,237	2,721	4,669	4,252	3,818	6,261	5,426	5,790	5,314	5,658	6,660	8,307	5,744	5,812	6,131	5,491	7,142	7,119	6,149	6,638	5,606	4,818	6,400	5,866	8,769	8,119	6,910	5,423	6,862	6,506
(mthly.), Currency and deposits, with monetary authorities and BIS, Positions	1,206	858	966	2,216	701	1,613	1,076	891	2,379	1,003	1,568	1,619	3,563	3,764	3,144	4,206	4,029	4,115	4,368	1,942	5,808	3,947	3,927	3,977	5,276	2,130	5,065	5,162	4,447	3,964	2,632	3,923	7,163	4,164	3,209	6,106	5,124
(mthly.), Currency and deposits, with MFIs, Positions	2	1,090	222	426	2,138	2	2,924	3,347	343	3,666	2,685	2,199	2,699	1,662	2,647	1,108	1,628	2,545	3,940	3,802	4	2,184	1,564	3,165	1,843	4,019	1,573	443	371	2,436	3,234	4,846	957	2,746	2,215	756	1,382
(mthly.) - Securities (Equity, investment fund shares, units and debt securities) - Positions2	32,195	32,169	31,940	30,346	29,376	31,608	28,170	27,629	29,129	27,579	27,267	27,297	25,426	27,307	26,711	28,370	27,383	27,979	27,167	29,520	28,158	29,587	27,577	26,453	25,838	27,892	28,472	27,933	29,189	27,914	28,878	24,659	25,256	26,717	28,448	26,471	26,747
(mthly.), Debt securities, Long term, Positions	28,860	28,523	27,851	25,470	25,117	27,099	22,995	23,612	23,805	24,106	23,976	24,279	23,658	24,437	23,572	24,014	23,227	24,446	23,720	23,762	24,659	24,149	22,537	21,754	20,855	22,439	23,916	23,479	23,687	23,779	23,738	21,309	21,188	21,229	22,728	21,337	20,770
(mthly.), Debt securities, Short term, Positions	3,336	3,646	4,089	4,876	4,259	4,509	5,175	4,018	5,325	3,472	3,291	3,018	1,769	2,870	3,139	4,357	4,156	3,533	3,448	5,759	3,499	5,437	5,040	4,699	4,983	5,453	4,556	4,454	5,501	4,135	5,140	3,350	4,068	5,488	5,720	5,134	5,977
(mthly.), SDRs, Positions	47,066	47,268	47,368	46,798	46,610	47,105	46,427	46,149	46,528	46,832	46,750	46,424	46,579	47,342	46,914	47,891	47,647	49,085	50,869	50,660	50,888	50,617	49,292	49,081	49,207	49,622	49,858	49,501	49,368	49,281	49,313	49,412	48,766	48,939	49,531	49,647	48,979
(mthly.), Currency and deposits, with MFIs, headquartered in the reporting country or the euro area		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	457	0	0	0
(mthly.), Currency and deposits, with MFIs, headquartered outside the reporting country or the euro area		1,090	222	426	2,138	2	2,924	3,347	343	3,666	2,685	2,199	2,699	1,662	2,647	1,108	1,628	2,545	3,940	3,802	4	2,184	1,564	3,165	1,843	4,019	1,573	443	371	2,436	3,234	4,846	957	2,289	2,215	756	1,382
Changes in positions other than transactions1
(mthly.), Total, Changes in positions other than transactions3		-728	-37,044	-6,977	-4,873	-44,060	16,897	63,423	5,639	13,098	26,412	34,740	2,879	10,563	-12,951	2,440	-3,752	12,375	5,542	20,253	-341	-512	20,894	9,008	3,374	5,631	3,150	-404	11,994	18,279	-581	2,392	110	-2,635	11,940	-1,308	2,032
(mthly.), Monetary gold, Changes in positions other than transactions		-321	-38,247	-7,223	-3,971	-45,316	16,251	64,023	6,369	13,189	25,662	34,961	3,999	9,445	-10,856	2,239	-695	14,947	5,179	20,196	-889	-2,696	19,898	9,275	4,405	5,696	2,174	279	11,868	18,390	-461	1,306	140	-1,435	12,398	-2,682	1,456
(mthly.), Other reserve assets (currency, deposits, securities, financial derivatives and other claims), Changes in positions other than transactions2		-295	535	105	-475	460	402	-310	-247	-100	367	-38	-548	572	-945	8	-1,383	-1,211	230	52	232	1,053	416	-119	-452	11	558	-210	-68	-73	-78	541	159	-354	-320	580	320
(mthly.), Currency and deposits, Changes in positions other than transactions		-22	18	5	-21	91	28	-58	-55	-12	56	-27	-71	113	-177	26	-341	-306	24	3	76	153	164	-52	-115	-51	58	-71	20	-207	196	107	-28	-125	-13	136	76
(mthly.) - Securities (Equity, investment fund shares, units and debt securities) - Changes in positions other than transactions		-273	517	100	-454	370	374	-252	-192	-88	310	-10	-477	459	-768	-18	-1,042	-904	207	49	156	899	252	-67	-337	62	500	-139	-88	134	-274	435	187	-229	-307	443	245
(mthly.), SDRs, Changes in positions other than transactions		-96	1,205	120	-364	678	207	-247	-410	8	326	-155	-485	464	-977	164	-1,439	-1,170	113	5	272	970	495	-126	-495	-65	357	-403	165	-32	-36	461	-160	-715	-116	668	215
Reserve template (foreign currency liquidity)18
(mthly.), Contingent short-term net drains on foreign currency assets, contingent liabilities in foreign currency, total		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Contingent short-term net drains on foreign currency assets, other contingent liabilities than related to collateral		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Memo items, Securities lent and on repo		1,110	224	223	2,179	0	2,981	3,339	347	3,445	2,737	2,241	2,027	1,693	2,698	904	1,659	2,594	4,017	3,877	0	1,511	1,593	2,475	1,435	4,098	966	9	7	2,084	2,374	4,941	942	2,799	2,257	723	1,408
(mthly.), Memo items, Securities lent or repoed and included in official reserves (-)		0	0	-210	0	0	0	-73	0	-292	0	0	-724	0	0	-224	0	0	0	0	0	-714	0	-751	-444	0	-637	-442	-369	-388	-919	0	-31	0	0	-46	0
(mthly.), Memo items, Securities lent or repoed but not included in official reserves (-)		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Memo items, Securities borrowed or acquired and included in official reserves (+)		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Memo items, Securities borrowed or acquired but not included in official reserves (+)		1,110	224	433	2,179	0	2,981	3,412	347	3,737	2,737	2,241	2,751	1,693	2,698	1,128	1,659	2,594	4,017	3,877	0	2,226	1,593	3,226	1,879	4,098	1,602	451	377	2,472	3,293	4,941	974	2,799	2,257	769	1,408
(mthly.), Predetermined short-term net drains on foreign currency assets (nominal values), foreign currency loans, securities, and deposits, inflows (+)		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.) - Predetermined short-term net drains on foreign currency assets (nominal values) - foreign currency loans, securities, and deposits - inflows (+), principal		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.) - Predetermined short-term net drains on foreign currency assets (nominal values) - foreign currency loans, securities, and deposits - inflows (+), interest		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Predetermined short-term net drains on foreign currency assets (nominal values), aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of…		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Predetermined short-term net drains on foreign currency assets (nominal values), foreign currency loans, securities, and deposits, total		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1	0	0	-1	-1	-1	-1	-1	-1	-1	-1	-1	0	-1	-179	-1	-1	-102	-103	-103	-137
(mthly.) - Predetermined short-term net drains on foreign currency assets (nominal values) - other (flows related to repos and reverse repos, trade credits and other accounts payable, receivable) - total		0	0	-210	0	0	0	-73	0	-292	0	0	-724	0	0	-224	0	0	0	0	0	-714	0	-751	-444	0	-637	-442	-369	-388	-919	0	-31	0	0	-46	0
(mthly.), Predetermined short-term net drains on foreign currency assets (nominal values), foreign currency loans, securities, and deposits, outflows (-)		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1	0	0	-1	-1	-1	-1	-1	-1	-1	-1	-1	0	-1	-179	-1	-1	-102	-103	-103	-137
(mthly.) - Predetermined short-term net drains on foreign currency assets (nominal values) - foreign currency loans, securities, and deposits - outflows (-), principal		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1	0	0	-1	-1	-1	-1	-1	-1	-1	-1	-1	0	-1	-179	-1	-1	-102	-103	-103	-137
(mthly.) - Predetermined short-term net drains on foreign currency assets (nominal values) - foreign currency loans, securities, and deposits - outflows (-), interest		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
(mthly.), Other foreign currency assets (securities, deposits, loans, financial derivatives and gold not included in reserve assets)		0	965	0	0	652	0	0	851	0	0	1,491	0	4	0	0	0	5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5	5	0	0
(mthly.), Other foreign currency assets (securities, deposits, loans, financial derivatives and gold not included in reserve assets), currency and deposits		0	965	0	0	652	0	0	851	0	0	1,491	0	4	0	0	0	5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5	5	0	0
External position of the Bundesbank (incl. TARGET2)2
Assets10
Assets, Other Investment, Currency and deposits, Assets relating to the transfer of reserve assets to the ECB	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,802	10,635	10,635	10,635	10,635	10,635
Assets, Other Investment, Currency and deposits, Balances vis-a-vis the ESCB (e.g. Target)	1,071,765	1,037,116	1,043,208	1,065,690	1,059,477	1,030,780	1,017,130	1,033,412	1,023,482	1,040,700	1,046,546	1,049,600	1,060,791	1,043,876	1,051,250	1,066,843	1,075,272	1,069,172	1,080,833	1,068,023	1,046,318	1,066,511	1,064,456	1,073,512	1,075,239	1,048,438	1,090,444	1,061,110	1,047,932	1,065,759	1,075,510	1,041,902	1,093,371	1,060,074	1,058,985	1,048,059	1,056,420
Assets, Other Investment, Currency and deposits, TARGET plus other balances vis-a-vis the ESCB	1,071,765.29	1,037,116.11	1,043,208.02	1,065,689.64	1,059,476.87	1,030,779.71	1,017,130.43	1,033,412.13	1,023,481.61	1,040,700.31	1,046,545.99	1,049,600.16	1,060,791.16	1,043,875.52	1,051,249.75	1,066,843.03	1,075,271.97	1,069,171.97	1,080,832.64	1,068,023.46	1,046,318.05	1,066,511.37	1,064,456.06	1,073,511.53	1,075,239.34	1,048,437.54	1,090,443.75	1,061,110.44	1,047,932.07	1,065,758.97	1,075,510.29	1,041,902.44	1,093,370.87	1,060,074.06	1,058,984.74	1,048,058.65	1,056,420.09
Assets, Other Investment, Currency and deposits, TARGET (net)	1,071,765.29	1,037,116.11	1,043,208.02	1,065,689.64	1,059,476.87	1,030,779.71	1,017,130.43	1,033,412.13	1,023,481.61	1,040,700.31	1,046,545.99	1,049,600.16	1,060,791.16	1,043,875.52	1,051,249.75	1,066,843.03	1,075,272	1,069,171.97	1,080,832.64	1,068,023.46	1,046,318.05	1,066,511.37	1,064,456.06	1,073,511.59	1,075,239.4	1,048,437.6	1,090,443.81	1,061,110.5	1,047,932.13	1,065,759.03	1,075,510.35	1,041,902.5	1,093,370.93	1,060,074.13	1,058,984.8	1,048,058.71	1,056,420.21
Assets, Other Investment, Other equity, ECB (European Central Bank)	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,786	2,614	2,578	2,578	2,578	2,578	2,578
Assets, Other Investment	1,085,433	1,050,955	1,057,078	1,079,479	1,073,711	1,044,670	1,030,869	1,047,282	1,042,056	1,054,626	1,060,392	1,064,287	1,074,756	1,057,693	1,065,242	1,081,299	1,090,090	1,083,763	1,096,061	1,084,104	1,063,165	1,082,106	1,080,082	1,088,058	1,090,965	1,064,405	1,106,429	1,077,447	1,063,804	1,083,242	1,093,262	1,058,508	1,117,978	1,076,415	1,074,627	1,064,193	1,074,575
Assets, Other Investment, Currency, deposits and loans	1,082,597	1,048,119	1,054,242	1,076,643	1,070,875	1,041,834	1,028,033	1,044,446	1,039,220	1,051,790	1,057,556	1,061,451	1,071,920	1,054,857	1,062,406	1,078,463	1,087,254	1,080,927	1,093,225	1,081,268	1,060,329	1,079,270	1,077,246	1,085,222	1,088,129	1,061,569	1,103,593	1,074,611	1,060,968	1,080,406	1,090,426	1,055,845	1,115,351	1,073,788	1,072,000	1,061,566	1,071,948
Assets, Other Investment, Other equity	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,836	2,664	2,627	2,627	2,627	2,627	2,627
Assets, Portfolio investment	28,303	28,821	28,121	29,979	30,351	30,299	31,111	31,626	32,540	32,679	33,281	33,315	35,350	33,986	33,885	33,872	34,110	35,810	36,185	36,902	37,521	38,197	38,583	38,802	38,877	38,739	39,470	39,758	39,928	40,754	43,361	44,261	45,550	45,107	45,488	46,654	47,725
Assets, Other Investment, Currency and deposits, TARGET2 (net), monthly averages based on TARGET2 business days	1,055,525.11	1,057,664.56	1,041,651.56	1,055,532.89	1,034,223.18	1,016,610.37	1,036,403.36	1,041,899.84	1,044,862.34	1,060,212.37	1,050,856.57	1,058,001.94	1,071,432.12	1,061,567.61	1,073,609.06	1,110,979.24	1,084,007.49	1,077,532.09	1,082,621.55	1,064,134.48	1,068,004.38	1,070,296.99	1,073,801.77	1,060,241.79	1,063,931.9	1,089,860.38	1,080,365.22	1,085,816.53	1,063,265.61	1,074,302.86	1,074,748.76	1,062,885.32	1,070,091.87	1,068,542.58	1,045,764.06	1,046,653.39	1,041,412.33
Liabilities4
Liabilities, Other Investment, Currency and deposits, Deposits from euro area residents incl. the ECB	618,517	612,921	609,409	612,414	606,258	605,467	611,475	602,575	602,880	597,127	594,594	594,804	591,346	585,393	583,964	584,641	579,372	577,987	584,205	581,230	585,337	572,896	570,422	569,903	567,890	558,746	558,908	563,280	557,240	558,665	557,243	552,906	573,118	558,434	560,398	562,218	558,552
Liabilities, Other Investment, Currency and deposits of euro area residents incl. the ECB, of which Euro currency (legal share according to participation plus "technical claims" of the Eurosystem)	612,042	608,683	605,115	603,130	600,969	598,682	597,230	595,880	593,107	590,224	588,543	585,595	582,035	578,622	575,605	573,694	571,453	569,854	567,967	566,317	567,191	563,386	561,311	558,314	554,435	550,210	547,321	545,687	543,333	541,539	538,594	536,228	543,670	541,251	540,199	538,702	535,123
Liabilities, Other Investment, Currency and deposits, Deposits from non-euro area residents	48,682	51,063	63,023	41,154	34,085	34,550	37,996	45,755	55,978	44,403	41,764	41,724	43,283	57,145	53,393	49,362	46,009	40,890	51,044	54,271	90,747	50,211	57,550	59,143	59,639	50,538	62,170	54,057	50,496	61,636	76,243	70,858	161,032	87,030	82,054	104,821	82,795
Liabilities, Other Investment, Special Drawing Rights	44,372	44,631	44,721	44,184	44,071	44,413	43,774	43,578	43,811	44,199	44,191	43,883	44,029	44,492	44,056	44,973	44,819	46,172	47,258	47,153	47,149	46,897	45,995	45,536	45,653	46,112	46,172	45,841	46,217	46,063	46,093	46,127	45,695	45,845	46,514	46,623	45,995
Total assets	1,616,361	1,549,759	1,554,629	1,616,467	1,617,212	1,593,657	1,624,189	1,624,249	1,556,390	1,563,406	1,555,849	1,533,294	1,511,698	1,491,164	1,488,429	1,517,685	1,523,635	1,522,244	1,522,873	1,506,156	1,464,391	1,486,323	1,483,529	1,472,197	1,465,316	1,435,795	1,474,113	1,441,362	1,428,136	1,436,723	1,431,638	1,397,172	1,455,788	1,414,241	1,415,403	1,393,337	1,406,665
Total liabilities	711,570	708,615	717,153	697,752	684,413	684,430	693,245	691,909	702,670	685,729	680,549	680,411	678,659	687,030	681,413	678,976	670,200	665,048	682,507	682,654	723,234	670,005	673,967	674,582	673,181	655,396	667,250	663,179	653,953	666,365	679,579	669,890	779,844	691,309	688,966	713,662	687,342
Total Net (Assets minus Liabilities)	904,790	841,144	837,475	918,715	932,799	909,226	930,944	932,340	853,720	877,677	875,301	852,883	833,039	804,134	807,016	838,709	853,435	857,196	840,367	823,501	741,157	816,318	809,562	797,615	792,134	780,399	806,863	778,183	774,183	770,359	752,058	727,281	675,943	722,932	726,437	679,675	719,322

Latest reading

(mthly.), Reserve Position in the IMF, Positions stood at 8,279 EUR million in Aug 2026. That is +1.1% from Jul 2026 and −0.1% from a year earlier. The series on this page is monthly and runs from Dec 1998 to Aug 2026. Source: Deutsche Bundesbank.

Latest: 8,279 EUR million; Aug 2026
vs previous period: +1.1%; Jul 2026
vs a year earlier: −0.1%