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Consolidated financial statement of the Eurosystem as at 3 February 2006

7 February 2006

Items not related to monetary policy operations

In the week ending 3 February 2006, the decrease of EUR 32 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 sale 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) increased by EUR 0.2 billion to EUR 161.8 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 0.3 billion to EUR 95.5 billion. Banknotes in circulation (liability item 1) rose by EUR 3.9 billion to EUR 550.6 billion. Liabilities to general government (liability item 5.1) decreased by EUR 20.3 billion to EUR 44.3 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 25.9 billion to EUR 390 billion. On Wednesday, 1 February 2006, a main refinancing operation of EUR 316 billion matured and a new one of EUR 290 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (approximately the same as in the previous week), and recourse to the deposit facility (liability item 2.2) was also virtually nil (compared with EUR 0.1 billion 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 8.9 billion to EUR 151 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 163,747 −32
2 Claims on non-euro area residents denominated in foreign currency 156,140 716
2.1 Receivables from the IMF 13,087 −141
2.2 Balances with banks and security investments, external loans and other external assets 143,053 857
3 Claims on euro area residents denominated in foreign currency 22,696 −400
4 Claims on non-euro area residents denominated in euro 8,885 −201
4.1 Balances with banks, security investments and loans 8,885 −201
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 390,020 −26,016
5.1 Main refinancing operations 290,000 −26,000
5.2 Longer-term refinancing operations 100,017 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 2 −17
5.6 Credits related to margin calls 1 1
6 Other claims on euro area credit institutions denominated in euro 3,684 −357
7 Securities of euro area residents denominated in euro 95,530 305
8 General government debt denominated in euro 40,597 484
9 Other assets 149,074 688
Total assets 1,030,373 −24,813
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 550,595 3,941
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 150,969 −9,003
2.1 Current accounts (covering the minimum reserve system) 150,951 −8,931
2.2 Deposit facility 17 −62
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 −10
3 Other liabilities to euro area credit institutions denominated in euro 158 3
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 51,878 −20,189
5.1 General government 44,317 −20,271
5.2 Other liabilities 7,561 82
6 Liabilities to non-euro area residents denominated in euro 12,759 −78
7 Liabilities to euro area residents denominated in foreign currency 241 −58
8 Liabilities to non-euro area residents denominated in foreign currency 10,843 177
8.1 Deposits, balances and other liabilities 10,843 177
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,920 −2
10 Other liabilities 68,548 397
11 Revaluation accounts 119,113 0
12 Capital and reserves 59,349 −1
Total liabilities 1,030,373 −24,813
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