Consolidated financial statement of the Eurosystem as at 23 September 2005

27 September 2005

Items not related to monetary policy operations

In the week ending 23 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 0.3 billion to EUR 166.2 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 0.5 billion to EUR 90.1 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.5 billion to EUR 528.9 billion. Liabilities to general government (liability item 5.1) rose by EUR 13.3 billion to EUR 52.9 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) increased by EUR 8 billion to EUR 377.5 billion. On Wednesday, 21 September 2005, a main refinancing operation of EUR 279.5 billion matured and a new one of EUR 287.5 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 3.3 billion to EUR 148.1 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 137,772 0
2 Claims on non-euro area residents denominated in foreign currency 160,666 1,268
2.1 Receivables from the IMF 19,575 −250
2.2 Balances with banks and security investments, external loans and other external assets 141,091 1,518
3 Claims on euro area residents denominated in foreign currency 21,230 269
4 Claims on non-euro area residents denominated in euro 9,059 −163
4.1 Balances with banks, security investments and loans 9,059 −163
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 377,550 8,048
5.1 Main refinancing operations 287,499 7,998
5.2 Longer-term refinancing operations 89,999 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 6 5
5.6 Credits related to margin calls 46 45
6 Other claims on euro area credit institutions denominated in euro 3,592 −6
7 Securities of euro area residents denominated in euro 90,077 488
8 General government debt denominated in euro 40,750 0
9 Other assets 133,484 27
Total assets 974,180 9,931
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 528,903 −1,536
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 148,119 −3,312
2.1 Current accounts (covering the minimum reserve system) 148,098 −3,311
2.2 Deposit facility 16 −4
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 5 3
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 60,248 13,246
5.1 General government 52,871 13,332
5.2 Other liabilities 7,377 −86
6 Liabilities to non-euro area residents denominated in euro 10,333 −235
7 Liabilities to euro area residents denominated in foreign currency 293 26
8 Liabilities to non-euro area residents denominated in foreign currency 9,535 1,827
8.1 Deposits, balances and other liabilities 9,535 1,827
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 60,030 −85
11 Revaluation accounts 92,292 0
12 Capital and reserves 58,404 0
Total liabilities 974,180 9,931

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