Germany government assets: long-term time deposits
Germany government assets: long-term time deposits stood at 60.1 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other deposits | 287 | 266.6 | 285.1 | 280.1 | 257.1 | 250.3 | 267.6 | 265 | 288.9 | 293.3 | |
| Time deposits | 282.3 | 262 | 280.4 | 275.4 | 252.3 | 245.4 | 262.7 | 259.9 | 283.8 | 288.1 | |
| 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: long-term time deposits
Contractual deposit arrangements locked with credit institutions for durations exceeding twelve months are isolated in this category. These holdings represent multi-year funds committed by public administrative bodies, regional entities, or special public funds to financial institutions. In contrast to short-term time deposits, which serve routine liquidity management, these placements lock capital away for extended periods. Sibling positions under other deposits, such as savings deposits and savings certificates, operate under different legal and redemption frameworks, while long-term debt securities differ by being freely marketable on financial exchanges.
Due to their multi-year horizon, these assets show far less quarterly volatility than short-term cash holdings, reflecting structural asset allocation choices rather than seasonal tax receipts. Period-on-period adjustments are infrequent and typically signal deliberate policy decisions to build or wind down institutional reserves. Year-on-year comparisons effectively trace multi-year reserve trends, though analysts must watch for maturity reclassification effects when contracts near termination or when institutional units undergo structural reorganization. The series is recorded at nominal value, meaning it is insulated from secondary market bond price swings, providing a stable view of contractual public commitments.
Frequently asked questions
- What contractual maturity threshold applies to this series?
- Placements in this category carry an initial agreed maturity of more than twelve months at the time of contract execution.
- Why is this series less volatile than short-term deposit holdings?
- These funds represent multi-year reserve commitments rather than operational cash balances used to manage seasonal expenditure cycles.
- Are interest rate movements reflected in the valuation of long-term time deposits?
- No, deposits remain recorded at their nominal contract value rather than mark-to-market prices, regardless of prevailing market interest rate shifts.