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Consolidated financial statement of the Eurosystem as at 27 October 2006

31 October 2006

Items not related to monetary policy operations

In the week ending 27 October 2006, the decrease of EUR 65 million in gold and gold receivables (asset item 1) reflected the selling of gold by two 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) remained virtually unchanged at EUR 152 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 0.1 billion to EUR 80.9 billion. Banknotes in circulation (liability item 1) rose by EUR 1 billion to EUR 592 billion. Liabilities to general government (liability item 5.1) decreased by EUR 1.6 billion to EUR 65.3 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 4.6 billion to EUR 433.9 billion. On Wednesday, 25 October 2006, a main refinancing operation of EUR 318.5 billion matured and a new one of EUR 314 billion was settled. On Thursday, 26 October 2006, a longer-term refinancing operation of EUR 40 billion matured and a new one of EUR 40 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 2.8 billion to EUR 165.4 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 175,141 −65
2 Claims on non-euro area residents denominated in foreign currency 142,403 395
2.1 Receivables from the IMF 11,233 −21
2.2 Balances with banks and security investments, external loans and other external assets 131,170 416
3 Claims on euro area residents denominated in foreign currency 22,094 −864
4 Claims on non-euro area residents denominated in euro 10,232 −561
4.1 Balances with banks, security investments and loans 10,232 −561
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 434,045 −4,458
5.1 Main refinancing operations 314,000 −4,500
5.2 Longer-term refinancing operations 120,002 1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 43 43
5.6 Credits related to margin calls 0 −2
6 Other claims on euro area credit institutions denominated in euro 10,083 1,176
7 Securities of euro area residents denominated in euro 80,856 −97
8 General government debt denominated in euro 40,022 0
9 Other assets 203,860 1,929
Total assets 1,118,736 −2,545
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 591,960 955
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 165,545 −2,654
2.1 Current accounts (covering the minimum reserve system) 165,437 −2,751
2.2 Deposit facility 42 32
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 66 65
3 Other liabilities to euro area credit institutions denominated in euro 121 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 73,924 −1,414
5.1 General government 65,301 −1,596
5.2 Other liabilities 8,623 182
6 Liabilities to non-euro area residents denominated in euro 16,104 183
7 Liabilities to euro area residents denominated in foreign currency 112 13
8 Liabilities to non-euro area residents denominated in foreign currency 6,658 −484
8.1 Deposits, balances and other liabilities 6,658 −484
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 70,313 855
11 Revaluation accounts 123,721 0
12 Capital and reserves 64,577 1
Total liabilities 1,118,736 −2,545
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