Reuters: Financial Services and Real Estate: TABLE-PBOC weekly open market operations at a glance

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TABLE-PBOC weekly open market operations at a glance Mar 29th 2012, 04:17 Tweet Share this Email Print Thu Mar 29, 2012 12:17am EDT SHANGHAI, March 29 (Reuters) - The People's Bank of China (PBOC) conducted a net injection of 19 billion yuan ($3.01 billion) from the banking system this week, according to Reuters calculations. The PBOC has drained a total of seven billion yuan so far this year. Last year, it injected a net 1.907 trillion yuan into the market through its open market operations, which was largely offset by increases in banks' required reserves. The central bank also announced a cut in banks' required reserve ratio on Feb. 18, which injected an estimated 350-400 billion yuan into the banking system. The cut took effect on Feb. 24. For a table on the PBOC's open market operations in 2011, click: For a factbox on changes in benchmark interest rates and required reserve ratios, click: Following is a summary of the PBOC's weekly open market operations this year (in billions of yuan): Week Bills Repos Bills Repos Net drain(-) starting matured matured issued issued or injection(+) Mar 26 99 10 0 90 + 19 Mar 19 51 0 0 70 - 19 Mar 12 13 16 0 86 - 57 Mar 5 7 56 0 60 + 3 Feb 27 2 0 0 30 -28 Feb 20 2 0 0 0 + 2 Feb 13 7 0 0 16 - 9 Feb 6 2 0 0 46 -44 Jan 30 1 0 0 352* -351 Jan 16 1 352* 0 0 +353 Jan 9 8 65 0 0 + 73 Jan 2 1 50 0 0 + 51 ------------------------------------------------------- TOTAL - 7 * Including maturing of 352 billion yuan reverse repos Following is a summary for the fourth quarter of 2011 (in billions of yuan): Dec 26 3 10 4 0 + 9 Dec 19 2 15 27 0 - 10 Dec 12 3 10 41 45 - 73 Dec 5 5 30 56 80 -101 Nov 28 2 0 16 10 - 24 Nov 21 5 48 16 15 + 22 Nov 14 17 39 58 0 - 2 Nov 7 39 70 12 30 + 67 Oct 31 52 55 11 0 + 96 Oct 24 41 60 20 100 - 19 Oct 17 49 50 31 90 - 22 Oct 10 98 189 37 120 +130 ------------------------------------------------------- TOTAL + 73 Note: Reuters calculations of maturing bills and repos count any debt maturing on the weekend as maturing the following week, as that is when banks receive the cash. ($1 = 6.3060 Chinese yuan) (Compiled by Shanghai Newsroom) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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