Germany domestic deposits at notice up to 3 months, index
Germany domestic deposits at notice up to 3 months, index stood at 74.08 in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Money and credit table (Value · Monthly), with a complete series running from Jan 1995 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Money and credit table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Index of notional stocks | |||||||||||
| MFIs excluding Eurosystem, Counterparty: Non-MFIs excluding central government based Domestic (home or reference area), Index | 74.08 | 74.58 | 75.2 | 75.76 | 76.25 | 76.77 | 77.24 | 77.61 | 77.91 | 78.2 | |
| Monetary and Financial Institutions (MFIs), Counterparty: Unspecified counterpart sector based Euro area (changing composition), Index | 74.06 | 74.6 | 75.19 | 75.72 | 76.21 | 76.72 | 77.18 | 77.56 | 77.84 | 78.17 |
Understanding germany domestic deposits at notice up to 3 months, index
Base-adjusted trajectories of domestic savings requiring up to three months of advance withdrawal notification, expressed as a standardized index of notional stocks. This calculation translates absolute balances held by resident non-monetary financial institutions into a continuous time series relative to a fixed base period, stripping out structural breaks. Unlike absolute stock metrics, this normalized view corrects for reclassifications, foreign exchange fluctuations, and non-transactional adjustments. It zeroes in entirely on the home or reference area, excluding central government positions while omitting broader regional exposures.
Interpreting a base-adjusted series demands looking at the percentage change between index points rather than focusing on the raw index number itself. A year-on-year percentage change derived from this instrument provides the most accurate reflection of structural shifts in short-notice domestic liquidity, effectively ignoring the month-to-month seasonal fluctuations common in retail deposit behavior. Although notional stocks are immune to abrupt statistical reclassifications that distort nominal outstanding amounts, the index is still subject to routine backward revisions as underlying transaction data gets refined. Comparing the slope of this metric against long-term maturity indices reveals shifts in how quickly domestic economic agents want to access their cash.
Frequently asked questions
- How should the base period be factored into analysis?
- The specific base period anchors the scale, but the analytical value lies solely in the relative movement of the index over chosen timeframes.
- Why express domestic deposits as an index rather than nominal currency?
- An index automatically adjusts for non-transactional changes, providing an unbroken view of accumulation that raw currency totals cannot offer.
- Are central government accounts reflected in this trajectory?
- No, the methodology explicitly removes central government positions from the domestic counterparty calculation to isolate private sector and local authority behavior.