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PRESS RELEASE

Publication of the indicative calendar of reserve maintenance periods for 2005

13 August 2004

The European Central Bank (ECB) is today publishing the indicative calendar of reserve maintenance periods for 2005.

Taking into account the 2005 schedule for the meetings of the Governing Council of the ECB (see the ECB press release of 17 June 2004) and the indicative calendar for the Eurosystem’s tender operations in 2005 (also released today), the indicative calendar of reserve maintenance periods for 2005 is as follows:

Indicative calendar of reserve maintenance periods for 2005

Relevant Governing Council meeting Start of maintenance period End of maintenance period Reserve base data for credit institutions reporting monthly Reserve base data for credit institutions reporting quarterly Length of the maintenance period (days)
13 January 2005 19 January 2005 7 February 2005 November 2004 September 2004 20
3 February 2005 8 February 2005 8 March 2005 December 2004 September 2004 29
3 March 2005 9 March 2005 12 April 2005 January 2005 December 2004 35
7 April 2005 13 April 2005 10 May 2005 February 2005 December 2004 28
4 May 2005 11 May 2005 7 June 2005 March 2005 December 2004 28
2 June 2005 8 June 2005 12 July 2005 April 2005 March 2005 35
7 July 2005 13 July 2005 9 August 2005 May 2005 March 2005 28
4 August 2005 10 August 2005 6 September 2005 June 2005 March 2005 28
1 September 2005 7 September 2005 11 October 2005 July 2005 June 2005 35
6 October 2005 12 October 2005 8 November 2005 August 2005 June 2005 28
3 November 2005 9 November 2005 5 December 2005 September 2005 June 2005 27
1 December 2005 6 December 2005 17 January 2006 October 2005 September 2005 43

Following a slight revision to the calendar for 2004, the last day of the last maintenance period is now 18 January 2005, instead of 19 January 2005 as previously published in August 2003.

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