PRESS RELEASE

Three guides for the production of euro area money and banking statistics

28 April 1998

Today the European Monetary Institute (EMI) published the following guides to assist the production of consistent money and banking statistics covering the euro area as a whole:

  • List of Monetary Financial Institutions (MFIs) in the European Union as at December 1997The List of MFIs is primarily intended for use by reporting institutions and compilers of statistics. It will facilitate the production of a comprehensive and consistent balance sheet of the money creating sector in the single currency area and will serve other important applications like ESA95 . Moreover, it will be the starting point for the selection of counterparties for the monetary policy instruments, including, in the event the ECB decides to introduce compulsory reserves in accordance with Article 19.1 of the Statute of the European System of Central Banks and of the European Central Bank, for requiring credit institutions to hold minimum reserves in pursuance of monetary policy objectives. Following this release, procedures for monitoring and continuous checking will be put in place to ensure that the List remains up-to-date, accurate, as homogeneous as possible and sufficiently stable for statistical purposes.
  • Sector Manual (Guidance for the statistical classification of customers)Guidance to assist Monetary Financial Institutions (MFIs) in classifying by sector their non-MFI counterparties located in other EU Member States for the purposes of Monetary Union money and banking statistics has been produced in the form of a Manual (the 'Sector Manual'). In the absence of a common and easily accessible EU-wide source of information on the sector classification of non-MFIs (similar to the EU List of MFIs), the Sector Manual aims to present ESA 1995 and current national rules for the sectorisation of money and banking statistics, in accordance with the ECB's statistical requirements set out in the EMI working document 'Statistical requirements for Stage Three of Monetary Union (Implementation Package)', which was published in July 1996. It is envisaged that it will be updated periodically, partly to reflect the process of full implementation of ESA95 until the year 2000.
  • Compilation Guide:A guide to assist National Central Banks with the compilation of money and banking statistical data that they will submit to the European Central Bank has been produced in the form of the Compilation Guide (the 'Guide'). The main purpose of this Guide which is addressed to the NCBs of participating and non participating Member States is to enhance the consistency in the implementation of the ECB's statistical requirements, as set out in the EMI working document 'Statistical requirements for Stage Three of Monetary Union (Implementation Package)' which was published in July 1996. This Guide comprises fiches that outline the recommended practice in respect of a number of compilation issues. It is envisaged that the Guide will be updated periodically.

Copies of these publications will be distributed by each of the EU central banks to interested parties in their respective countries. They will also be available from the EMI at the following address:

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