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Banks put 346.36 billion euros ($446 billion) on deposit for 24 hours at the European Central Bank, the highest amount since June 2010. The level of deposits at the ECB bank is an indicator of the reluctance of banks to lend to each other on the pivotal interbank market. The money deposited earns an interest rate of 0.25 percent, which is less than the rate available on the interbank market. Banks become reluctant to lend to each other notably when they are concerned about the capacity of the borrower to repay the loan.