TABLE-PBOC weekly open market operations at a glance

Thu Sep 8, 2011 4:28am EDT

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 SHANGHAI, Sept 8 (Reuters) - The People's Bank of China
(PBOC) made a net injection of 100 billion yuan ($15.6 billion)
through its regular open market operations this week, the
biggest injection since late June, according to Reuters
calculations. 	
 So far this year, the PBOC has injected a net 1.778 trillion
yuan via open market operations.	
 That has been offset, however, by six increases in banks'
required reserves this year, which have drained around 2.2
trillion yuan from the financial system.	
 China also ordered banks to include their margin deposits in
required reserves to mop up excessive liquidity in late August,
which the market expects would tie up around 800 to 900 billion
yuan as reserves. 	
 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 so far this year (in billions of yuan): 	
 	
 Week        Bills     Repos    Bills   Repos    Net drain(-)   	
starting   matured    matured  issued  issued   or injection(+)	
 Sep 5         83        93       7      69        +100	
 Aug 29        27         0       2       0        + 25	
     	
 Aug 22        25         0       6       3        + 16	
 Aug 15        64        25      13      38        + 38   	
 Aug 8         83       109       9     113        + 70     	
 Aug 1         24        22       2       0        + 44	
 	
 Jul 25        34         0       2       0        + 32     	
 Jul 18        55         0      11      25        + 19         
    	
 Jul 11        95        30      62      50        -
86	
 Jul 4         22       110      32      82        + 18	
 	
 Jun 27        82        60      22       0        +120	
 Jun 20        58        30       1       0        + 87	
 Jun 13        52        63       1       1        +113	
 Jun 6         74       152      29     110        + 87	
 	
 May 30        49        73      41       0        + 81      	
 May 23        43        20       4       0        + 59	
 May 16        45        52      27       3        + 67	
 May 9         58       140     120      90        - 12    	
 May 2         61        97      58      33        + 67	
 	
 Apr 25       155       100      14       0        +241	
 Apr 18       106        85      65       0        + 94 	
 Apr 11        94       118     125     170        - 83	
 Apr 4        101       110      76     107        + 28  	
        	
 Mar 28       132         0     125     160        -153   	
 Mar 21       109         0      97     115        -103   	
 Mar 14       161        20      60     170        - 49   	
 Mar 7        205         0      33     182        - 10  	
    	
 Feb 28       145         0       2      40        +103   	
 Feb 21        98         0       2      20        + 76   	
 Feb 14       106         0      11      40        + 55   	
 Feb 7         64        40       1       0        +103   	
   	
 Jan 31        23         0       0       0        + 23   	
 Jan 24        44       126       0       0        +170   	
 Jan 17        84       165       0       0        +249   	
 Jan 10        66        45       4      88        + 19   	
 Jan  3        13         5       2       0        + 16  	
 -------------------------------------------------------   	
TOTAL                                             +1,778 	
 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=6.39 yuan)	
	
 (Reporting by Chen Yixin and Jacqueline Wong)	
 	
 
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