ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

(expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars) 5. Money market instruments and money at call By currency Balances denominated in United States dollars Balances denominated in Australian dollars Balances denominated in Canadian dollars Balances denominated in Pound Sterling

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2017

2017 $

2016 $

1,736,504,487

1,614,481,202

1,585 9,858 3,566

450 127

- -

Balances denominated in Euro

3

1,736,519,499

1,614,481,779

Interest receivable

383,932

1,864,406

1,736,903,431

Total money market instruments and money at call

1,616,346,185

2017 $

2016 $

By financial instrument type

Money market instruments maturing in less than ninety days: Money at call

686,165,930 559,724,959 233,441,181

129,678,202 674,509,299 238,997,591 148,177,810

Term deposits Commercial paper Certificate of deposits

-

Included in cash and cash equivalents (note 24)

1,479,332,070

1,191,362,902

Money market instruments maturing after ninety days: Commercial paper

148,080,607 68,606,654 40,500,168

210,923,831 27,000,000 185,195,046

Term deposits

Certificate of deposits

257,187,429

423,118,877

Interest receivable

383,932

1,864,406

1,736,903,431

Total money market instruments and money at call

1,616,346,185

Money market instruments include commercial paper purchased at discounts, term deposits and certificate of deposits with interest rates ranging from 0.63% to 1.93% (2016: 0.01% to 0.91%). Money at call includes cash balances available to the Bank’s money managers and funds held at the United States Federal Reserve Bank for the day to day operations of the Bank. These balances earned interest at rates ranging from 0.00% to 0.36% (2016: 0.00% to 0.37%) during the year.

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