Consolidated financial statement of the Eurosystem as at 5 August 2005

9 August 2005

Items not related to monetary policy operations

In the week ending 5 August 2005, the decrease of EUR 87 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).

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 166.9 billion.

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 85.9 billion. Banknotes in circulation (liability item 1) rose by EUR 3.7 billion to EUR 537.5 billion. Liabilities to general government (liability item 5.1) decreased by EUR 13.8 billion to EUR 64.2 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 2.8 billion to EUR 404 billion. On Wednesday, 3 August 2005, a main refinancing operation of EUR 317 billion matured and a new one of EUR 314 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 0.2 billion in the previous 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 7.4 billion to EUR 152.4 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 137,991 −87
2 Claims on non-euro area residents denominated in foreign currency 160,442 856
2.1 Receivables from the IMF 20,214 −282
2.2 Balances with banks and security investments, external loans and other external assets 140,228 1,138
3 Claims on euro area residents denominated in foreign currency 21,543 33
4 Claims on non-euro area residents denominated in euro 9,509 −134
4.1 Balances with banks, security investments and loans 9,509 −134
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 404,001 −3,006
5.1 Main refinancing operations 313,999 −3,002
5.2 Longer-term refinancing operations 89,998 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 3 −4
5.6 Credits related to margin calls 1 0
6 Other claims on euro area credit institutions denominated in euro 3,083 −185
7 Securities of euro area residents denominated in euro 85,928 272
8 General government debt denominated in euro 40,752 0
9 Other assets 131,616 320
Total assets 994,865 −1,931
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 537,527 3,734
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 152,387 7,202
2.1 Current accounts (covering the minimum reserve system) 152,355 7,401
2.2 Deposit facility 31 −199
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 0
3 Other liabilities to euro area credit institutions denominated in euro 127 −2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 71,192 −13,692
5.1 General government 64,182 −13,763
5.2 Other liabilities 7,010 71
6 Liabilities to non-euro area residents denominated in euro 10,169 28
7 Liabilities to euro area residents denominated in foreign currency 270 38
8 Liabilities to non-euro area residents denominated in foreign currency 8,899 890
8.1 Deposits, balances and other liabilities 8,899 890
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 57,813 −131
11 Revaluation accounts 92,292 0
12 Capital and reserves 58,293 2
Total liabilities 994,865 −1,931

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