Consolidated financial statement of the Eurosystem as at 6 January 2006

10 January 2006

Items not related to monetary policy operations

In the week ending 6 January 2006, the decrease of EUR 77 million in gold and gold receivables (asset item 1) reflected sales 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) decreased by EUR 1.5 billion to EUR 161.7 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 0.6 billion to EUR 93 billion. Banknotes in circulation (liability item 1) decreased by EUR 5 billion to EUR 560.3 billion. Liabilities to general government (liability item 5.1) rose by EUR 7.8 billion to EUR 42 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 0.5 billion to EUR 406.2 billion. On Wednesday, 4 January 2006, a main refinancing operation of EUR 315 billion matured and a new one of EUR 316 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with EUR 0.9 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was virtually nil (compared with EUR 0.3 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 2.2 billion to EUR 153.1 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 163,804 −77
2 Claims on non-euro area residents denominated in foreign currency 155,332 1,191
2.1 Receivables from the IMF 13,755 −2,636
2.2 Balances with banks and security investments, external loans and other external assets 141,577 3,827
3 Claims on euro area residents denominated in foreign currency 22,780 −914
4 Claims on non-euro area residents denominated in euro 8,895 −290
4.1 Balances with banks, security investments and loans 8,895 −290
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 406,239 272
5.1 Main refinancing operations 316,000 999
5.2 Longer-term refinancing operations 90,017 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 211 −738
5.6 Credits related to margin calls 11 11
6 Other claims on euro area credit institutions denominated in euro 3,735 100
7 Securities of euro area residents denominated in euro 92,987 620
8 General government debt denominated in euro 40,113 0
9 Other assets 144,729 −440
Total assets 1,038,614 462
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 560,253 −4,963
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 153,127 −2,408
2.1 Current accounts (covering the minimum reserve system) 153,097 −2,186
2.2 Deposit facility 29 −223
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 1
3 Other liabilities to euro area credit institutions denominated in euro 207 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 49,468 7,701
5.1 General government 42,009 7,819
5.2 Other liabilities 7,459 −118
6 Liabilities to non-euro area residents denominated in euro 12,609 −615
7 Liabilities to euro area residents denominated in foreign currency 402 35
8 Liabilities to non-euro area residents denominated in foreign currency 10,133 1,728
8.1 Deposits, balances and other liabilities 10,133 1,728
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 0
10 Other liabilities 68,969 −1,074
11 Revaluation accounts 119,113 0
12 Capital and reserves 58,413 58
Total liabilities 1,038,614 462

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