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And a spike about once a month. Interesting. Audits or reports of some kind? Liquidity-stress from real economy (pay-day or something)?

Banking practise details needed here, I suspect.

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by A swedish kind of death on Fri Feb 25th, 2011 at 06:38:05 AM EST
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Migeru:
the maintenance periods are likely responsible for the heartbeat pattern
I have not yet attempted to correlate the ECB's reserve maintenance calendar with the spikes.

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by Carrie (migeru at eurotrib dot com) on Fri Feb 25th, 2011 at 06:43:44 AM EST
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