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Communications
P.O. Box, CH-8022 Zurich
Telephone +41 44 631 31 11
communications@snb.ch
Zurich, 5 December 2011

Important monetary policy data

for the week ending 2 December 2011
Reference interest rates SNB
(in percent)
Date

Target range for

three-month Libor

28.11.11
29.11.11
30.11.11
01.12.11
02.12.11

0.00
0.00
0.00
0.00
0.00

0.25
0.25
0.25
0.25
0.25

Three-month Libor*

Special rate
liquidity-shortage facility**

0.05000
0.05167
0.05167
0.05167
0.05167

0.53
0.52
0.52
0.51
0.51

* London Interbank Offered Rate, calculated by the British Bankers Association.

* SARON (Swiss Average Rate Overnight), 12.00 p.m. fixing + 50 basis points. The special rate always amounts to at least
50 basis points.

Swiss Average Rates*

(in percent)

Press release

Date
28.11.11
29.11.11
30.11.11
01.12.11
02.12.11

SARON
SARON
SAR1W
SAR1M
SAR3M
12.00 p.m. fixing Close of trading Close of trading Close of trading Close of trading
0.027
0.018
0.020
0.015
0.010

0.025
0.021
0.020
0.015
0.011

0.025
.
0.040
0.061
0.005

.
0.050
0.041
0.023
.

0.025
0.056
.
0.080
.

* Swiss Average Rates are volume-weighted average rates based on the transactions concluded on the given trading day
and the reference prices of that day. Reference prices are calculated on the basis of available quotes in the order book
of the Eurex Repo electronic trading platform. Swiss Average Rates are calculated by SIX Swiss Exchange.

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2
Average of sight deposits in Swiss francs at the SNB for the week ending 2 December 2011
(in CHF millions)
Sight deposits of domestic banks
Other deposits on sight in Swiss francs
Total sight deposits in Swiss francs at the SNB

181 149
47 373
228 522

Minimum reserves: sight deposits of domestic banks averaged over the reporting period*
(in CHF millions)
Previous reporting period
Average until
21.10.11
28.10.11
04.11.11
11.11.11
18.11.11
Final figure period

Current reporting period

Average until

Sight deposits
197 775
192 546
190 269
189 880
189 747
189 877

Sight deposits

25.11.11
02.12.11

184 017
182 473

* The period lasts from the 20th of a month until the 19th of the following month.

Minimum reserves: compliance during the last 12 periods

(in CHF millions)

Press release

Period
20.10.10
20.11.10
20.12.10
20.01.11
20.02.11
20.03.11
20.04.11
20.05.11
20.06.11
20.07.11
20.08.11
20.09.11

19.11.10
19.12.10
19.01.11
19.02.11
19.03.11
19.04.11
19.05.11
19.06.11
19.07.11
19.08.11
19.09.11
19.10.11

Requirement

Eligible
assets*

9 760
9 799
9 806
9 750
9 713
9 797
9 897
10 009
10 045
10 088
10 301
10 615

31 339
28 585
35 291
33 412
30 295
29 647
30 063
31 441
33 116
61 779
198 847
203 039

Notes
Coins
5 493
5 829
6 184
5 773
5 590
5 636
5 702
5 717
5 626
5 611
5 614
5 825

Sight
deposits

Compliance
in %

Interest
rate** in %

25 846
22 756
29 107
27 639
24 705
24 011
24 361
25 723
27 490
56 168
193 233
197 215

321
292
360
343
312
303
304
314
330
612
1 930
1 913

4.05
4.07
4.05
4.04
4.03
4.03
4.03
4.03
4.03
4.02
4.00
4.00

* Sum of notes/coins and sight deposits.

** Interest obligation in the event of non-fulfilment of the minimum reserve requirements.