Banks cut back overnight borrowing from ECB

FRANKFURT, Sept 2 (Reuters) - Commercial banks borrowing
from the European Central Bank's emergency overnight window fell
sharply on Thursday after three days of borrowing above 1.4
billion euros.

The central bank reported the following daily data on
liquidity provision, in millions of euros. Click ECB40 for
full details.

TODAY PREV DAY
Use of overnight loan facility 12 1,545
Use of overnight deposit facility 95,392 104,262
Covered bond purchase programme 61,109 61,109

In June the ECB said it had completed its year-long covered
bond buying programme. [ID:nLDE65T1JZ] The total amount
purchased occasionally fluctuates due to valuation issues.

For details of previous ECB overnight lending operations,
see:
here
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For graphic of euro zone liquidity levels click
here
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(Reporting by Frankfurt newsroom)