Consolidated financial statement of the Eurosystem as at 7 October 2005

11 October 2005

Items not related to monetary policy operations

In the week ending 7 October 2005, the decrease of EUR 98 million in gold and gold receivables (asset item 1) reflected the selling of gold by one Eurosystem central bank (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 165.5 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 0.7 billion to EUR 91.6 billion. Banknotes in circulation (liability item 1) rose by EUR 3.1 billion to EUR 536.3 billion. Liabilities to general government (liability item 5.1) decreased by EUR 17.5 billion to EUR 40.3 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 6.1 billion to EUR 377.9 billion. On Wednesday, 5 October 2005, a main refinancing operation of EUR 293.5 billion matured and a new one of EUR 288 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.5 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 0.2 billion (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) increased by EUR 9 billion to EUR 154.1 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 149,784 −98
2 Claims on non-euro area residents denominated in foreign currency 161,314 1,272
2.1 Receivables from the IMF 19,425 −14
2.2 Balances with banks and security investments, external loans and other external assets 141,889 1,286
3 Claims on euro area residents denominated in foreign currency 21,155 −795
4 Claims on non-euro area residents denominated in euro 8,998 29
4.1 Balances with banks, security investments and loans 8,998 29
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 378,012 −6,002
5.1 Main refinancing operations 288,000 −5,500
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 12 −500
5.6 Credits related to margin calls 1 −2
6 Other claims on euro area credit institutions denominated in euro 3,686 294
7 Securities of euro area residents denominated in euro 91,560 710
8 General government debt denominated in euro 40,753 30
9 Other assets 135,734 −449
Total assets 990,996 −5,009
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 536,301 3,092
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 154,294 9,119
2.1 Current accounts (covering the minimum reserve system) 154,132 9,028
2.2 Deposit facility 162 91
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 152 25
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 48,207 −17,220
5.1 General government 40,327 −17,524
5.2 Other liabilities 7,880 304
6 Liabilities to non-euro area residents denominated in euro 10,647 −410
7 Liabilities to euro area residents denominated in foreign currency 240 −6
8 Liabilities to non-euro area residents denominated in foreign currency 10,884 454
8.1 Deposits, balances and other liabilities 10,884 454
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,885 0
10 Other liabilities 62,233 −64
11 Revaluation accounts 103,749 0
12 Capital and reserves 58,404 1
Total liabilities 990,996 −5,009

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