September 1, 2014 / 7:07 AM / 3 years ago

TABLE-Swiss sight deposits edge higher in week ending August 29

ZURICH, Sept 1 (Reuters) - The amount of cash commercial
banks hold with the Swiss National Bank rose slightly last week
to 314.291 billion Swiss francs, from 313.949 billion francs in
the previous week, data showed on Monday.
    The level is partly a measure of how inclined banks are to
find an ultra-safe home for their money and may also reflect
efforts by the SNB to defend the 1.20 per euro cap it imposed on
Sept. 6, 2011 on the soaring safe-haven Swiss franc.   
    
    Sight deposits of domestic banks: 
 Week ending                Amount in Sfr millions
 Aug 29                     314 291
 Aug 22                     313 949
 Aug 15                     313 328
 Aug 8                      309 522
 Aug 1                      309 997
 July 25                    310 326
 July 18                    308 477
 July 11                    306 258
 July 4                     301 601
 June 27                    301 092
 June 20                    301 436
 June 13                    300 787
 June 6                     302 857
 May 30                     304 040
 May 23                     304 123
 May 16                     307 013
 May 9                      308 019
 May 2                      310 510
 April 25                   312 949
 April 18                   314 255
 April 11                   316 753
 April 4                    314 490
 March 28                   315 907
 March 21                   316 960
 March 14                   314 116
 March 7                    314 224
 Feb 28                     314 915
 Feb 21                     316 629
 Feb 14                     318 033
 Feb 7                      317 119
 Jan 31                     316 730
 Jan 24                     318 849
 Jan 17                     321 471
 Jan 10                     320 783
 Jan 3                      317 620
 Dec 27                     318 519
 Dec 20                     317 071
 Dec 13                     316 323
 Dec 6                      317 408
 Nov 29                     319 824
 Nov 22                     319 746
 Nov 15                     318 409
 Nov 8                      317 758 
 Nov 1                      317 566
 Oct 25                     319 248 
 Oct 18                     320 460
 Oct 11                     320 879
 Oct 4                      319 602
 Sept 27                    318 453
 Sept 20                    317 844
 Sept 13                    318 106
 Sept 6                     318 117
 Aug 30                     320 865
 Aug 23                     321 598
 Aug 16                     320 768
 Aug 9                      320 402
 Aug 2                      320 695
 July 26                    322 373
 July 19                    322 435
 July 12                    323 833
 July 5                     320 960
 June 28                    296 862
 June 21                    277 450
 June 14                    274 706
 June 7                     275 403
 May 31                     279 216
 May 24                     280 967 
 May 17                     278 637
 May 10                     278 526
 May 3                      280 794
 April 26                   284 222
 April 19                   284 327
 April 12                   281 734
 April 5                    281 665
 March 29                   283 799
 March 22                   282 979
 March 15                   282 164
                            
 
    Sight deposits are the accounts of commercial banks with the
central bank, and constitute a large part of the liquidity in
the banking system. 
    As part of its efforts to weaken the franc, which shot to
near parity with the euro last August, the SNB began flooding
the money market with cash and raised total sight deposits to
200 billion, before capping the franc against the euro a month
later.
    The SNB's tools for expanding sight deposits are foreign
exchange swaps and repurchases of its own debt.

 (Reporting by Zurich newsroom)

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