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德国TARGET2余额与储备资产

德国TARGET2余额与官方储备资产数据由德国联邦银行（Deutsche Bundesbank）发布，详细反映该行的对外资产负债头寸。该表细分了净资产和负债总额，涵盖货币黄金、特别提款权（SDR）、货币与存款以及债务证券。这一对外资产负债表自1998年起按月提供，包含对欧洲央行系统的TARGET2债权。该系列以百万欧元为单位发布，反映外币资产的预定和附带短期净流出规模。

来源： 德国联邦银行（Deutsche Bundesbank）最后更新： 整理维护 Bui Thanh Phuc

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指标09-202608-202607-202606-202605-202604-202603-202602-202601-202612-202511-202510-202509-202508-202507-202506-202505-202504-202503-202502-202501-202512-202411-202410-202409-202408-202407-202406-202405-202404-202403-202402-202401-202412-202311-202310-202309-2023
储备资产与外币流动性2
储备资产2
头寸（存量）3
（月度）总计头寸4487,498502,625469,982469,429507,009513,150518,687562,209545,341481,795476,102462,176435,692401,591399,485389,303402,515399,435402,671390,627385,150363,705366,023364,864345,338335,474332,651328,214324,156324,404312,728295,014294,402292,259292,718295,288282,490
（月度）在国际货币基金组织（IMF）的储备头寸8,3978,2798,1858,2028,2438,1238,1868,1238,0878,2018,1768,2508,1578,2908,3748,2968,4938,5408,0448,3288,4488,2678,2218,3398,3958,3188,4018,3558,3998,5918,5638,7778,9218,7828,9589,2569,278
（月度）货币黄金头寸397,205413,877380,411380,732418,979426,202430,173475,489459,239395,215388,846375,658349,996315,035311,036301,591312,447310,207310,903295,956290,776270,580271,468274,165254,267244,992240,587234,891232,717232,438220,571202,181202,641201,335201,195202,630190,232
（月度）其他储备资产（货币、存款、证券、金融衍生工具及其他债权）头寸234,16233,40334,11833,12832,98832,21533,22332,17031,86731,85132,24731,51931,11631,68832,73332,50233,68433,04134,63935,47535,26533,97035,71733,06833,59532,95734,04135,10933,53834,00734,31434,74433,42833,37633,62733,87133,333
（月度）货币与存款头寸21,0981,2081,9491,1882,6422,8391,6154,0004,2372,7214,6694,2523,8186,2615,4265,7905,3145,6586,6608,3075,7445,8126,1315,4917,1427,1196,1496,6385,6064,8186,4005,8668,7698,1196,9105,4236,862
（月度）存放于货币当局及国际清算银行（BIS）的货币与存款头寸9331,2068589662,2167011,6131,0768912,3791,0031,5681,6193,5633,7643,1444,2064,0294,1154,3681,9425,8083,9473,9273,9775,2762,1305,0655,1624,4473,9642,6323,9237,1634,1643,2096,106
（月度）存放于货币金融机构（MFI）的货币与存款头寸16521,0902224262,13822,9243,3473433,6662,6852,1992,6991,6622,6471,1081,6282,5453,9403,80242,1841,5643,1651,8434,0191,5734433712,4363,2344,8469572,7462,215756
（月度）证券（股权、投资基金份额及单位、债务证券）头寸233,06432,19532,16931,94030,34629,37631,60828,17027,62929,12927,57927,26727,29725,42627,30726,71128,37027,38327,97927,16729,52028,15829,58727,57726,45325,83827,89228,47227,93329,18927,91428,87824,65925,25626,71728,44826,471
（月度）长期债务证券头寸30,33728,86028,52327,85125,47025,11727,09922,99523,61223,80524,10623,97624,27923,65824,43723,57224,01423,22724,44623,72023,76224,65924,14922,53721,75420,85522,43923,91623,47923,68723,77923,73821,30921,18821,22922,72821,337
（月度）短期债务证券头寸2,7273,3363,6464,0894,8764,2594,5095,1754,0185,3253,4723,2913,0181,7692,8703,1394,3574,1563,5333,4485,7593,4995,4375,0404,6994,9835,4534,5564,4545,5014,1355,1403,3504,0685,4885,7205,134
（月度）特别提款权（SDR）头寸47,73547,06647,26847,36846,79846,61047,10546,42746,14946,52846,83246,75046,42446,57947,34246,91447,89147,64749,08550,86950,66050,88850,61749,29249,08149,20749,62249,85849,50149,36849,28149,31349,41248,76648,93949,53149,647
（月度）存放于总部设在编报国或欧元区境内的货币金融机构（MFI）的货币与存款000000000000000000000000000000000045700
（月度）存放于总部设在编报国或欧元区境外的货币金融机构（MFI）的货币与存款16521,0902224262,13822,9243,3473433,6662,6852,1992,6991,6622,6471,1081,6282,5453,9403,80242,1841,5643,1651,8434,0191,5734433712,4363,2344,8469572,2892,215756
非交易引起的头寸变动1
（月度）总计：非交易引起的头寸变动3-15,69632,880-728-37,044-6,977-4,873-44,06016,89763,4235,63913,09826,41234,7402,87910,563-12,9512,440-3,75212,3755,54220,253-341-51220,8949,0083,3745,6313,150-40411,99418,279-5812,392110-2,63511,940-1,308
（月度）货币黄金：非交易引起的头寸变动-16,67233,466-321-38,247-7,223-3,971-45,31616,25164,0236,36913,18925,66234,9613,9999,445-10,8562,239-69514,9475,17920,196-889-2,69619,8989,2754,4055,6962,17427911,86818,390-4611,306140-1,43512,398-2,682
（月度）其他储备资产（货币、存款、证券、金融衍生工具及其他债权）：非交易引起的头寸变动2189-263-295535105-475460402-310-247-100367-38-548572-9458-1,383-1,211230522321,053416-119-45211558-210-68-73-78541159-354-320580
（月度）货币与存款：非交易引起的头寸变动30-16-22185-219128-58-55-1256-27-71113-17726-341-30624376153164-52-115-5158-7120-207196107-28-125-13136
（月度）证券（股权、投资基金份额及单位、债务证券）：非交易引起的头寸变动159-247-273517100-454370374-252-192-88310-10-477459-768-18-1,042-90420749156899252-67-33762500-139-88134-274435187-229-307443
（月度）特别提款权（SDR）：非交易引起的头寸变动670-275-96569120-364678207-247-4108326-155-485464-977164-1,439-1,1701135272970495-126-495-65357-403165-32-36461-160-715-116668
储备数据模板（外币流动性）18
（月度）外币资产或有短期净流出：外币或有负债总计0000000000000000000000000000000000000
（月度）外币资产或有短期净流出：除抵押品外的其他或有负债0000000000000000000000000000000000000
（月度）备忘录项目：借出及回购证券301,1102242232,17902,9813,3393473,4452,7372,2412,0271,6932,6989041,6592,5944,0173,87701,5111,5932,4751,4354,098966972,0842,3744,9419422,7992,257723
（月度）备忘录项目：借出或回购并计入官方储备的证券（-）-163000-210000-730-29200-72400-22400000-7140-751-4440-637-442-369-388-9190-3100-46
（月度）备忘录项目：借出或回购但未计入官方储备的证券（-）0000000000000000000000000000000000000
（月度）备忘录项目：借入或购入并计入官方储备的证券（+）0000000000000000000000000000000000000
（月度）备忘录项目：借入或购入但未计入官方储备的证券（+）16601,1102244332,17902,9813,4123473,7372,7372,2412,7511,6932,6981,1281,6592,5944,0173,87702,2261,5933,2261,8794,0981,6024513772,4723,2934,9419742,7992,257769
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，流入（+）0000000000000000000000000000000000000
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，流入（+）本金0000000000000000000000000000000000000
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，流入（+）利息0000000000000000000000000000000000000
（月度）外币资产预定短期净流出（名义值）：外币对本币远期和期货空头与多头头寸总额（包括货币掉期远期端…）0000000000000000000000000000000000000
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，总计00000000000000000-100-1-1-1-1-1-1-1-1-10-1-179-1-1-102-103-103
（月度）外币资产预定短期净流出（名义值）：其他（与回购和逆回购相关的资金流、贸易信贷及其他应收应付款项）总计-163000-210000-730-29200-72400-22400000-7140-751-4440-637-442-369-388-9190-3100-46
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，流出（-）00000000000000000-100-1-1-1-1-1-1-1-1-10-1-179-1-1-102-103-103
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，流出（-）本金00000000000000000-100-1-1-1-1-1-1-1-1-10-1-179-1-1-102-103-103
（月度）外币资产预定短期净流出（名义值）：外币贷款、证券及存款，流出（-）利息0000000000000000000000000000000000000
（月度）其他外币资产（未计入储备资产的证券、存款、贷款、金融衍生工具及黄金）0009650065200851001,491040005000000000000000550
（月度）其他外币资产（未计入储备资产的证券、存款、贷款、金融衍生工具及黄金）：货币与存款0009650065200851001,491040005000000000000000550
德国联邦银行对外头寸（含TARGET2）2
资产10
资产：其他投资：货币与存款：向欧洲央行（ECB）转移储备资产相关的资产10,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,80210,63510,63510,63510,635
资产：其他投资：货币与存款：对欧洲中央银行体系（ESCB）的余额（如Target）1,004,2961,071,7651,037,1161,043,2081,065,6901,059,4771,030,7801,017,1301,033,4121,023,4821,040,7001,046,5461,049,6001,060,7911,043,8761,051,2501,066,8431,075,2721,069,1721,080,8331,068,0231,046,3181,066,5111,064,4561,073,5121,075,2391,048,4381,090,4441,061,1101,047,9321,065,7591,075,5101,041,9021,093,3711,060,0741,058,9851,048,059
资产：其他投资：货币与存款：TARGET及对ESCB的其他余额1,004,295.61,071,765.291,037,116.111,043,208.021,065,689.641,059,476.871,030,779.711,017,130.431,033,412.131,023,481.611,040,700.311,046,545.991,049,600.161,060,791.161,043,875.521,051,249.751,066,843.031,075,271.971,069,171.971,080,832.641,068,023.461,046,318.051,066,511.371,064,456.061,073,511.531,075,239.341,048,437.541,090,443.751,061,110.441,047,932.071,065,758.971,075,510.291,041,902.441,093,370.871,060,074.061,058,984.741,048,058.65
资产：其他投资：货币与存款：TARGET（净额）1,004,295.61,071,765.291,037,116.111,043,208.021,065,689.641,059,476.871,030,779.711,017,130.431,033,412.131,023,481.611,040,700.311,046,545.991,049,600.161,060,791.161,043,875.521,051,249.751,066,843.031,075,2721,069,171.971,080,832.641,068,023.461,046,318.051,066,511.371,064,456.061,073,511.591,075,239.41,048,437.61,090,443.811,061,110.51,047,932.131,065,759.031,075,510.351,041,902.51,093,370.931,060,074.131,058,984.81,048,058.71
资产：其他投资：其他股权：欧洲央行（ECB）2,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,7862,6142,5782,5782,5782,578
资产：其他投资1,018,3711,085,4331,050,9551,057,0781,079,4791,073,7111,044,6701,030,8691,047,2821,042,0561,054,6261,060,3921,064,2871,074,7561,057,6931,065,2421,081,2991,090,0901,083,7631,096,0611,084,1041,063,1651,082,1061,080,0821,088,0581,090,9651,064,4051,106,4291,077,4471,063,8041,083,2421,093,2621,058,5081,117,9781,076,4151,074,6271,064,193
资产：其他投资：货币、存款及贷款1,015,5351,082,5971,048,1191,054,2421,076,6431,070,8751,041,8341,028,0331,044,4461,039,2201,051,7901,057,5561,061,4511,071,9201,054,8571,062,4061,078,4631,087,2541,080,9271,093,2251,081,2681,060,3291,079,2701,077,2461,085,2221,088,1291,061,5691,103,5931,074,6111,060,9681,080,4061,090,4261,055,8451,115,3511,073,7881,072,0001,061,566
资产：其他投资：其他股权2,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,8362,6642,6272,6272,6272,627
资产：证券投资27,90428,30328,82128,12129,97930,35130,29931,11131,62632,54032,67933,28133,31535,35033,98633,88533,87234,11035,81036,18536,90237,52138,19738,58338,80238,87738,73939,47039,75839,92840,75443,36144,26145,55045,10745,48846,654
资产：其他投资：货币与存款：TARGET2（净额），基于TARGET2营业日的月均值1,047,504.651,055,525.111,057,664.561,041,651.561,055,532.891,034,223.181,016,610.371,036,403.361,041,899.841,044,862.341,060,212.371,050,856.571,058,001.941,071,432.121,061,567.611,073,609.061,110,979.241,084,007.491,077,532.091,082,621.551,064,134.481,068,004.381,070,296.991,073,801.771,060,241.791,063,931.91,089,860.381,080,365.221,085,816.531,063,265.611,074,302.861,074,748.761,062,885.321,070,091.871,068,542.581,045,764.061,046,653.39
负债4
负债：其他投资：货币与存款：欧元区居民存款（含ECB）620,040618,517612,921609,409612,414606,258605,467611,475602,575602,880597,127594,594594,804591,346585,393583,964584,641579,372577,987584,205581,230585,337572,896570,422569,903567,890558,746558,908563,280557,240558,665557,243552,906573,118558,434560,398562,218
负债：其他投资：欧元区居民货币与存款（含ECB），其中：欧元货币（按出资比例确定的法定份额加欧元系统“技术性债权”）615,323612,042608,683605,115603,130600,969598,682597,230595,880593,107590,224588,543585,595582,035578,622575,605573,694571,453569,854567,967566,317567,191563,386561,311558,314554,435550,210547,321545,687543,333541,539538,594536,228543,670541,251540,199538,702
负债：其他投资：货币与存款：非欧元区居民存款39,35148,68251,06363,02341,15434,08534,55037,99645,75555,97844,40341,76441,72443,28357,14553,39349,36246,00940,89051,04454,27190,74750,21157,55059,14359,63950,53862,17054,05750,49661,63676,24370,858161,03287,03082,054104,821
负债：其他投资：特别提款权（SDR）45,00344,37244,63144,72144,18444,07144,41343,77443,57843,81144,19944,19143,88344,02944,49244,05644,97344,81946,17247,25847,15347,14946,89745,99545,53645,65346,11246,17245,84146,21746,06346,09346,12745,69545,84546,51446,623
资产总额1,533,7741,616,3611,549,7591,554,6291,616,4671,617,2121,593,6571,624,1891,624,2491,556,3901,563,4061,555,8491,533,2941,511,6981,491,1641,488,4291,517,6851,523,6351,522,2441,522,8731,506,1561,464,3911,486,3231,483,5291,472,1971,465,3161,435,7951,474,1131,441,3621,428,1361,436,7231,431,6381,397,1721,455,7881,414,2411,415,4031,393,337
负债总额704,395711,570708,615717,153697,752684,413684,430693,245691,909702,670685,729680,549680,411678,659687,030681,413678,976670,200665,048682,507682,654723,234670,005673,967674,582673,181655,396667,250663,179653,953666,365679,579669,890779,844691,309688,966713,662
总净额（资产减负债）829,379904,790841,144837,475918,715932,799909,226930,944932,340853,720877,677875,301852,883833,039804,134807,016838,709853,435857,196840,367823,501741,157816,318809,562797,615792,134780,399806,863778,183774,183770,359752,058727,281675,943722,932726,437679,675

最新值

本页序列为月度，时间跨度从1999年1月至2026年9月。来源：德国联邦银行（Deutsche Bundesbank）。

常见问题

德国TARGET2余额与储备资产的最新值是多少？
资产：其他投资：货币与存款：TARGET（净额）在2026年9月为1万亿欧元。较2026年8月−67,469.69百万欧元，较上年同期−45,304.56百万欧元。
德国TARGET2余额与储备资产当前处于高位还是低位？
读数1万亿欧元为2020年6月以来的最低水平。
德国TARGET2余额与储备资产的数据可追溯至何时？
本页序列为月度，时间跨度从1999年1月至2026年9月。来源：德国联邦银行（Deutsche Bundesbank）。本数据表中的每个序列均可查看全历史图表，并支持下载为CSV或Excel格式。
德国TARGET2余额衡量什么？
德国TARGET2余额代表德国联邦银行对欧洲央行系统的净债权。它是德国联邦银行资产负债表中对外头寸的最大单项，反映了欧元区内部的跨境支付资金流动。
德国官方储备资产包含哪些内容？
德国官方储备资产包括货币黄金、特别提款权（SDR）、货币与存款以及债券资产。对外头寸数据还跟踪外汇资产的预定和附带短期净流出。
德国TARGET2余额和储备资产多久发布一次？
德国TARGET2余额和储备资产由德国联邦银行按月发布。该对外头寸的历史时间序列数据自1998年起提供。
德国联邦银行的对外净头寸如何计算？
对外净头寸按德国联邦银行对世界其他地区的全部资产减去全部负债计算。包括TARGET2余额在内的所有头寸均以百万欧元计价。