Germany government assets in time deposits
Germany government assets in time deposits stood at 282.3 EUR billion in Q1 2026, according to Deutsche Bundesbank. It is one of the indicators in the General government financial accounts table (Value · Quarterly), with a complete series running from Q1 1999 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the General government financial accounts table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Time deposits2 | 282.3 | 262 | 280.4 | 275.4 | 252.3 | 245.4 | 262.7 | 259.9 | 283.8 | 288.1 | |
| Short-term time deposits | 222.2 | 203.7 | 211.6 | 207.9 | 186.5 | 177.4 | 190.8 | 184.5 | 207.8 | 213.9 | |
| Long-term time deposits | 60.1 | 58.4 | 68.8 | 67.6 | 65.8 | 68 | 71.9 | 75.4 | 75.9 | 74.2 |
Understanding germany government assets in time deposits
Fixed-term deposit contracts placed with monetary financial institutions for an agreed duration before redemption represent the exact coverage of this measure. It encompasses both short-term placements and long-term commitments across all levels of public administration. Sibling rows within other deposits include savings deposits, which rely on regular withdrawal notice rather than fixed expiration dates, and savings certificates, which involve specific debt deed instruments. Demand accounts are excluded and reported under transferable deposits. The assets represent customized institutional banking arrangements that cannot be traded on secondary markets.
Portfolio adjustments in this category reflect opportunistic treasury allocations seeking yield on surplus funds. Movements between quarters are often volatile, as large blocks of term placements mature and are either renewed, converted into overnight cash, or deployed for debt redemptions. Evaluating the series across corresponding quarters of successive years helps distinguish sustained changes in public cash reserves from transient liquidity parking. Figures are compiled at nominal value, eliminating asset price fluctuations. Revisions occur as local government balance sheets are audited and integrated into national accounts statistics.
Frequently asked questions
- What distinguishes time deposits from savings deposits?
- Time deposits have predetermined contractual maturity dates agreed at inception, whereas savings deposits operate under ongoing notice arrangements or passbook terms.
- Why do time deposit volumes vary between consecutive quarters?
- Public entities adjust term deposit holdings dynamically based on yield curves, cash requirements for seasonal spending, and maturing bond obligations.
- Are foreign currency term deposits included in this series?
- Yes, any term deposits held with domestic or foreign institutions are included, converted to the reporting currency at prevailing exchange rates.