ZURICH: The amount of cash commercial banks hold with the Swiss National Bank rose slightly last week to 313.328 billion Swiss francs, from 309.522 billion francs in the previous week, data showed on Monday.
The level is partly a measure of how inclined banks are to find an ultra-safe home for their money and may also reflect efforts by the SNB to defend the 1.20 per euro cap it imposed on Sept. 6, 2011 on the soaring safe-haven Swiss franc.