Nov 14 (Reuters) - The People's Bank of China (PBOC) conducted a net drain of 15 billion yuan ($2.46 billion) from the banking system this week, according to Reuters calculations. The PBOC has injected a net 121.8 billion yuan into the market so far in 2013, a figure which includes several reissuances of maturing central bank bills not conducted via open auction.CN/MMT It injected a net total of 1.438 trillion yuan in 2012. The central bank also reduced banks' required reserve ratio (RRR) twice in 2012, injecting an estimated 800 billion yuan into the banking system. For a table on the PBOC's open market operations in 2012, click:ID:nL4N0A10O9 For information on changes in required reserve ratios, click:PBOCD1 For information on changes in deposit interest rates, click:PBOCB1 For information on changes in loan interest rates, click:PBOCC1 Following is a summary of the PBOC's weekly open market operations this year (in billions of yuan): Week Bills Repos Reverse Bills Repos Reverse Net drain starting matured matured repos issued issued repos (-) or issued* matured* injection 11-Nov 10 9 -10 -24 -15 4-Nov 8 -13 -5 28-Oct 6 29 -5.9 29.1 21-Oct -58 -58 14-Oct 16 10 -5.5 -65 -44.5 7-Oct 113 -80 33 30-Sept -88 -88 23-Sept 5 168 -4.9 -18 150.1 16-Sept 4 8 -20 -8 9-Sept 100 20 -85.1 -36 -1.1 2-Sept 18 75 -20 -37 26-Aug 102 55 -51.5 -64 41.5 19-Aug 16 82 -26 72 12-Aug 130 39 -75.5 -46 47.5 5-Aug 10 27 -17 20 July** -183.8* -183.8 * 29-Jul 85 51 136 22-Jul 0 15-Jul 160 160 8-Jul 0 1-Jul 22 24 46 24-Jun 25 25 17-Jun 18 14 -4 28 10-Jun 92 92 3-Jun 110 92 -18 -24 160 27-May 30 -22 -25 -17 20-May 120 38 -16 -14 128 13-May 101 -44 -92 -35 6-May 110 76 -10 -92 84 29-Apr 30 -30 0 22-Apr 90 62 -28 124 15-Apr 87 -101 -14 8-Apr 15 44 -76 -17 1-Apr 5 -30 -25 25-Mar 5 -62 -57 18-Mar 40 -87 -47 11-Mar -44 -44 4-Mar -5 -5 25-Feb -5 -5 18-Feb -50 -860 -910 4-Feb 860 -198 662 28-Jan 180 -121 59 21-Jan 101 -150 -49 14-Jan 20 -90 -70 7-Jan 93 -313 -220 31-Dec 90 -110 -20 TOTAL 121.8 * Reverse repos inject funds on issuance and drain funds on maturity. ** The central bank announced it had issued bills during July in its quarterly monetary policy report published at the end of the month. There was no public announcement of the issue at the time. 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 = 6.0928 Chinese yuan) (Reporting by Shanghai Newsroom; Editing by Gopakumar Warrier) ((yixin.chen@thomsonreuters.com)(+86 21 61041713; Reuters Messaging: yixin.chen.thomsonreuters.com@reuters.net)) Keywords: CHINA OPENMARKET/WEEKLY
TABLE-PBOC weekly open market operations at a glance
Nov 14 (Reuters) - The People&aposs Bank of China (PBOC) conducted a net drain of 15 billion yuan ($2.46 billion) from the banking system this week, according to Reuters calculations. The PBOC has injected a net 121.8 billion yuan into the market so far in 2013, a figure which includes several reissuances of maturing central bank bills not conducted via open auction. CN/MMT It
November 14, 2013




















