10

Cash and cash balances at central banks and other demand deposits

The breakdown of this heading is as follows:

Breakdown of cash, cash balances at central banks and other demand deposits (Millions of euros)

  31/12/2020 31/12/2019 31/12/2018
Cash 2,339 2,700 2,468
Cash balances at central banks (Note 3.3) 48,535 11,836 15,783
Other demand deposits 737 574 907
TOTAL 51,611 15,110 19,158

Cash balances at central banks includes balances held to comply with the mandatory minimum reserves requirement in the central bank based on eligible liabilities. The mandatory reserves earn interest at the rate applicable to all major Eurosystem financing operations.