TABLE-PBOC weekly open market operations at a glance

March 21 (Reuters) - The People's Bank of China (PBOC) conducted a net drain
of 47 billion yuan ($7.57 billion) from the banking system this week, according
to Reuters' calculations.
The PBOC has drained a net 649 billion yuan from the market so far in 2013.
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.
Since then, it has refrained from further cuts to RRR or to interest rates,
instead relying mostly on short-term bond repurchase agreements to maintain
liquidity in the interbank market.
For a table on the PBOC's open market operations in 2012, click:
For information on changes in required reserve ratios, click:
For information on changes in deposit interest rates, click:
For information on changes in loan interest rates, click:
For information on changes in loan interest rates, click:
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
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 -649
* Reverse repos inject funds on issuance and drain funds on maturity.
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 = 6.2118 Chinese yuan)