Chart 24 Household excess savings during the pandemic (left panel: Household excess savings flows, EUR billions (seasonally adjusted), right panel: Stock of accumulated household excess savings (EUR billions, cumulative increase since 2019Q4)  Sources: Eurostat, ECB staff calculations.
The Bank’s Board of Directors has already approved the proposed amendments, which will be put to the Extraordinary General Meeting of Shareholders to be held on 19 March: they will be rendered compatible with the final text of the legislative decree. The amendments to the Bank’s Statutes will then follow the procedure laid down for their approval by the President of the Republic.