Consolidated financial statement of the Eurosystem as at 20 October 2006
Items not related to monetary policy operations
In the week ending 20 October 2006, the decrease of EUR 112 million in gold and gold receivables (asset item 1) reflected the selling of gold by three Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27 September 2004) and a purchase of gold coins by another Eurosystem central bank.
The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.7 billion to EUR 152 billion on account of customer and portfolio transactions.
The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 0.4 billion to EUR 81 billion. Banknotes in circulation (liability item 1) fell by EUR 1.9 billion to EUR 591 billion. Liabilities to general government (liability item 5.1) increased by EUR 9.8 billion to EUR 66.9 billion.
Moreover, it should be noted with respect to the Consolidated weekly financial statement of the Eurosystem as at 13 October 2006 (published on 17 October 2006) that Other claims on euro area credit institutions denominated in euro (asset item 6) should have shown a balance of EUR 10,059 million, instead of EUR 9,059 million, and that Other assets (asset item 9) should have read EUR 200,088 million, instead of EUR 201,088 million.
These adjusted figures have been taken into account under “Difference compared with last week due to transactions” in the Consolidated weekly financial statement as at 20 October 2006.
Items related to monetary policy operations
The Eurosystem’s net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) increased by EUR 10.5 billion to EUR 438.5 billion. On Wednesday, 18 October 2006, a main refinancing operation of EUR 308 billion matured and a new one of EUR 318.5 billion was settled.
Recourse to both the marginal lending facility (asset item 5.5) and the deposit facility (liability item 2.2) was virtually nil, which was approximately the same as in the preceding week.
Current accounts of euro area credit institutions
As a result of all transactions, the current account position of credit institutions with the Eurosystem (liability item 2.1) increased by EUR 2.2 billion to EUR 168.2 billion.
Assets (EUR millions) | Balance | Difference compared with last week due to transactions | ||
---|---|---|---|---|
Totals/sub-totals may not add up, due to rounding | ||||
1 | Gold and gold receivables | 175,206 | −112 | |
2 | Claims on non-euro area residents denominated in foreign currency | 142,008 | 415 | |
2.1 | Receivables from the IMF | 11,254 | −593 | |
2.2 | Balances with banks and security investments, external loans and other external assets | 130,754 | 1,008 | |
3 | Claims on euro area residents denominated in foreign currency | 22,958 | −807 | |
4 | Claims on non-euro area residents denominated in euro | 10,793 | 868 | |
4.1 | Balances with banks, security investments and loans | 10,793 | 868 | |
4.2 | Claims arising from the credit facility under ERM II | 0 | 0 | |
5 | Lending to euro area credit institutions related to monetary policy operations denominated in euro | 438,503 | 10,498 | |
5.1 | Main refinancing operations | 318,500 | 10,498 | |
5.2 | Longer-term refinancing operations | 120,001 | 0 | |
5.3 | Fine-tuning reverse operations | 0 | 0 | |
5.4 | Structural reverse operations | 0 | 0 | |
5.5 | Marginal lending facility | 0 | −2 | |
5.6 | Credits related to margin calls | 2 | 2 | |
6 | Other claims on euro area credit institutions denominated in euro | 8,907 | −1,152 | |
7 | Securities of euro area residents denominated in euro | 80,953 | −438 | |
8 | General government debt denominated in euro | 40,022 | 0 | |
9 | Other assets | 201,931 | 1,843 | |
Total assets | 1,121,281 | 11,115 |
Liabilities (EUR millions) | Balance | Difference compared with last week due to transactions | ||
---|---|---|---|---|
Totals/sub-totals may not add up, due to rounding | ||||
1 | Banknotes in circulation | 591,005 | −1,909 | |
2 | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | 168,199 | 2,206 | |
2.1 | Current accounts (covering the minimum reserve system) | 168,188 | 2,230 | |
2.2 | Deposit facility | 10 | −25 | |
2.3 | Fixed-term deposits | 0 | 0 | |
2.4 | Fine-tuning reverse operations | 0 | 0 | |
2.5 | Deposits related to margin calls | 1 | 1 | |
3 | Other liabilities to euro area credit institutions denominated in euro | 121 | −1 | |
4 | Debt certificates issued | 0 | 0 | |
5 | Liabilities to other euro area residents denominated in euro | 75,338 | 10,312 | |
5.1 | General government | 66,897 | 9,800 | |
5.2 | Other liabilities | 8,441 | 512 | |
6 | Liabilities to non-euro area residents denominated in euro | 15,921 | −161 | |
7 | Liabilities to euro area residents denominated in foreign currency | 99 | 2 | |
8 | Liabilities to non-euro area residents denominated in foreign currency | 7,142 | 299 | |
8.1 | Deposits, balances and other liabilities | 7,142 | 299 | |
8.2 | Liabilities arising from the credit facility under ERM II | 0 | 0 | |
9 | Counterpart of special drawing rights allocated by the IMF | 5,701 | 0 | |
10 | Other liabilities | 69,458 | 366 | |
11 | Revaluation accounts | 123,721 | 0 | |
12 | Capital and reserves | 64,576 | 1 | |
Total liabilities | 1,121,281 | 11,115 |
European Central Bank
Directorate General Communications
- Sonnemannstrasse 20
- 60314 Frankfurt am Main, Germany
- +49 69 1344 7455
- media@ecb.europa.eu
Reproduction is permitted provided that the source is acknowledged.
Media contacts