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financial statements 2014

9. Cash and balances with central banks

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The breakdown of the balance under the headings “Cash and balances with central banks” and "Financial liabilities at amortized cost – Deposits from central banks" in the accompanying consolidated balance sheets is as follows:

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Cash and Balances with Central Banks
Millions of Euros
Notes 2014 2013 2012
Cash
6,247 5,533 5,155
Balances at the Central Banks
24,974 29,234 29,845
Reverse repurchase agreements 34 209 120 476
Accrued interests
- 16 17
Total
31,430 34,903 35,494

During the 2014, the changes in this item are mainly due to the decrease in deposits with ECB and to the depreciation in Venezuela.

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Deposits from Central Banks
Millions of Euros
Notes 2014 2013 2012
Deposits from Central Banks
19,405 25,059 40,576
Repurchase agreements 34 8,774 5,636 5,614
Accrued interest until expiration
14 198 285
Total 21 28,193 30,893 46,475

During the year ended December 31, 2014, the variation of the heading “Financial liabilities at amortized cost – Deposits at central Banks” is due mainly to a decrease in deposits at the European Central Bank.

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