136 / 174
122
ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK
NOTES TO THE FINANCIAL STATEMENTS
(expressed in Eastern Caribbean dollars)
March 31, 2017
Eastern Caribbean Central Bank
Notes to the Financial Statements
March 31, 2017
(expressed in Eastern Caribbean dollars)
58
5. Money market instruments and money at call
By currency
2017
$
2016
$
Balances denominated in United States dollars
1,614,481,202
1,736,504,487
Balances denominated in Australian dollars
450
1,585
Balances denominated in Canadian dollars
127
9,858
Balances denominated in Pound Sterling
-
3,566
Balances denominated in Euro
-
3
1,614,481,779
1,736,519,499
Interest receivable
1,864,406
383,932
Total money market instruments and money at call
1,616,346,185
1,736,903,431
By financial instrument type
2017
$
2016
$
Money market instruments maturing in less than ninety days:
Money at call
129,678,202
686,165,930
Term deposits
674,509,299
559,724,959
Commercial paper
238,997,591
233,441,181
Certificate of deposits
148,177,810
-
Included in cash and cash equivalents (note 24)
1,191,362,902
1,479,332,070
Money market instruments maturing after ninety days:
Commercial paper
210,923,831
148,080,607
Term deposits
27,000,000
68,606,654
Certificate of deposits
185,195,046
40,500,168
423,118,877
257,187,429
Interest receivable
1,864,406
383,932
Total money market instruments and money at call
1,616,346,185
1,736,903,431
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.