Consolidated financial statement of the Eurosystem as at 2 September 2005

6 September 2005

Items not related to monetary policy operations

In the week ending 2 September 2005 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.2 billion to EUR 166.8 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) increased by EUR 1.1 billion to EUR 88.7 billion. Banknotes in circulation (liability item 1) rose by EUR 3.2 billion to EUR 530.9 billion. Liabilities to general government (liability item 5.1) decreased by EUR 17.1 billion to EUR 56.4 billion.

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) decreased by EUR 17 billion to EUR 383 billion. On Wednesday, 31 August 2005, a main refinancing operation of EUR 310 billion matured and a new one of EUR 293 billion was settled. On Thursday, 1 September 2005, a longer-term refinancing operation of EUR 30 billion matured and a new one of EUR 30 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) decreased by EUR 3.7 billion to EUR 146.7 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 137,829 0
2 Claims on non-euro area residents denominated in foreign currency 159,703 203
2.1 Receivables from the IMF 19,945 −124
2.2 Balances with banks and security investments, external loans and other external assets 139,758 327
3 Claims on euro area residents denominated in foreign currency 21,953 352
4 Claims on non-euro area residents denominated in euro 9,409 −139
4.1 Balances with banks, security investments and loans 9,409 −139
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 383,019 −17,012
5.1 Main refinancing operations 293,002 −17,000
5.2 Longer-term refinancing operations 89,999 1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 2 2
5.6 Credits related to margin calls 16 −15
6 Other claims on euro area credit institutions denominated in euro 3,260 39
7 Securities of euro area residents denominated in euro 88,666 1,084
8 General government debt denominated in euro 40,750 0
9 Other assets 132,411 203
Total assets 977,000 −15,270
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 530,925 3,215
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 146,703 −3,655
2.1 Current accounts (covering the minimum reserve system) 146,670 −3,661
2.2 Deposit facility 33 6
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 0
3 Other liabilities to euro area credit institutions denominated in euro 127 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 63,465 −16,934
5.1 General government 56,354 −17,071
5.2 Other liabilities 7,111 137
6 Liabilities to non-euro area residents denominated in euro 11,318 1,014
7 Liabilities to euro area residents denominated in foreign currency 470 246
8 Liabilities to non-euro area residents denominated in foreign currency 8,444 464
8.1 Deposits, balances and other liabilities 8,444 464
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,896 0
10 Other liabilities 58,957 273
11 Revaluation accounts 92,292 0
12 Capital and reserves 58,403 107
Total liabilities 977,000 −15,270

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