As in 2023, the monetary policy measures of the past few years shaped the Bundesbank’s annual accounts in the 2024 financial year. For the reporting year, it has recorded an accumulated loss of €19.2 billion.
Annual Report 2024
Annual Report
The Deutsche Bundesbank: key figures
2023
2024
Staff1
Core staff (full-time equivalents)
10,255
10,207
Contraction since 31 December 20012
4,545 (= 30.7 %)
4,609 (= 31.1 %)
Locations/core staff (full-time equivalents)1
Central Office
1 / 5,530
1 / 5,791
Regional offices
9 / 2,623
9 / 2,415
Branches
31 / 2,102
31 / 2,001
Annual accounts1
Distributable profit
–
− €19,153 million
Net interest income
− €13,907 million
− €13,059 million
Total assets
€2,516,001 million
€2,372,647 million
Foreign reserve assets (total)
€292.3 billion
€363.7 billion
Foreign currency
€33.4 billion
€34.0 billion
Receivables from the IMF
€57.5 billion
€59.2 billion
Gold
(3,353t) €201.3 billion
(3,352 t) €270.6 billion
Allocation across the various storage locations
Frankfurt
(1,710 t) €102.7 billion
(1,710 t) €138.1 billion
New York
(1,236 t) €74.2 billion
(1,236 t) €99.8 billion
London
(406 t) €24.4 billion
(405 t) €32.7 billion
ECB capital key1
Share of subscribed capital
21.4394 %
21.7749 %
Share of paid-up capital
26.1494 %
26.6301 %
Amount of the participating interest in the ECB
€2.32 billion
€2.36 billion
Foreign reserve assets transferred to the ECB
€10.64 billion
€10.80 billion
Monetary policy operations
Open market operations in the euro area
Main refinancing operations
€14.1 billion
€17.0 billion
Longer-term refinancing operations3
€396.2 billion
€17.2 billion
of which counterparties of the Bundesbank
€69.5 billion
€3.5 billion
Banks participating in refinancing operations (total)
458
88
of which via the Bundesbank
252
27
Standing facilities
Marginal lending facility in the euro area
€0.01 billion
€0.048 billion
Deposit facility in the euro area
€3,334.8 billion
€2,799.01 billion
Asset purchase programmes (Bundesbank’s share)1
CBPP3 portfolio
€74.5 billion
€64.9 billion
PSPP portfolio
€513.5 billion
€447.3 billion
CSPP portfolio
€71.8 billion
€63.7 billion
PEPP public sector portfolio
€339.6 billion
€325.1 billion
PEPP corporate sector portfolio
€8.3 billion
€8.7 billion
PEPP covered bonds portfolio
€1.4 billion
€1.3 billion
Cash payments
Volume of euro banknotes in circulation (Eurosystem)1
€1,567.2 billion
€1,588.3 billion
Volume of coins in circulation (Eurosystem)1
€33.5 billion
€34.5 billion
Returned DEM banknotes and coins
DEM 58.1 million
DEM 53.1 million
Unreturned DEM banknotes and coins
DEM 12.24 billion
DEM 12.18 billion
Incidence of counterfeit money in Germany
Euro banknotes (number)
56,572
72,413
Euro coins (number)
115,832
141,332
Cashless payments
Payments via the Bundesbank (number of transactions)
7,838.6 million
8,487.7 million
of which via RPS
7,681.6 million
8,294.8 million
of which via TARGET(2)-Bundesbank
154.5 million
190.3 million
payment transactions in T(ARGET)24
53.0 million
53.4 million
payment transactions in TIPS
33.4 million
62.5 million
settlement of securities transactions in T2S
68.1 million
74.4 million
Payments via the Bundesbank (value)
€307.8 trillion
€308.9 trillion
of which via RPS
€4.5 trillion
€4.8 trillion
of which via TARGET(2)-Bundesbank
€300.1 trillion
€299.8 trillion
payment transactions in T(ARGET)24
€230.3 trillion
€221.0 trillion
payment transactions in TIPS
€27.7 billion
€56.3 billion
settlement of securities transactions in T2S
€69.8 trillion
€78.7 trillion
Banking supervision
Number of institutions supervised
2,779
2,723
On-site inspections
163
150
Cooperation with foreign central banks
Training and advisory events
249
270
Number of participants (total)
3,386
2,573
Number of participating countries (total)
104
104
Selected publications
Annual Report
1
1
Financial Stability Review
1
1
Monthly Report
12
12
Statistical Series
104
104
Research Centre discussion papers
34
46
Technical papers
8
12
Publications in academic journals
78
81
External communication / public relations
Visitors to the Money Museum
44,144
47,125
Economic education events / number of participants
1,932 / 54,003
1,771 / 49,243
Written answers to queries
17,749
19,691
Press releases
480
495
Training sessions on counterfeit prevention / number of participants
2,100 / 42,000
2,000 / 39,900
1As at 31 December.2Core staff (full-time equivalents) as at 31 December 2001 (year before the structural reform began): 14,800.3Including targeted longer-term refinancing operations (TLTROs), excluding US dollar tenders.4On 20 March 2023, a new technical platform replaced the existing TARGET2 system. Since then, banks’ liquidity management, transactions with the central bank and individual payments (including settlement with connected market infrastructures) have been processed in the new T2 service. The figures listed here comprise the transactions in TARGET2-Bundesbank up until the changeover date and subsequently the transactions in TARGET-Bundesbank (T2 service).
Memo item: Core staff pro rata (full-time equivalents)
10,207.4
2,415.5
2,001.0
5,790.9
− 47.7
− 207.8
− 100.9
261.0
1 Of which: – part-time employees: 3,094 (end-2023: 3,044) –staff with temporary contracts: 155 (end-2023: 141).
Offices held by members of the Executive Board of the Deutsche Bundesbank
Pursuant to the Code of Conduct for members of the Executive Board of the Deutsche Bundesbank, the Annual Report shall disclose details of offices held by Board members on supervisory boards or similar inspection bodies of business enterprises. 2
Michael Theurer, member of the Executive Board since 2 September 2024, was a co-partner in TWF Metallbearbeitungs Holding UG in 2024. 3
