Consolidated financial statement of the Eurosystem as at 13 January 2006

17 January 2006

Items not related to monetary policy operations

In the week ending 13 January 2006, the decrease of EUR 7 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) decreased by EUR 0.6 billion to EUR 161.1 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 0.3 billion to EUR 93.2 billion. Banknotes in circulation (liability item 1) decreased by EUR 6.4 billion to EUR 553.8 billion. Liabilities to general government (liability item 5.1) rose by EUR 0.8 billion to EUR 42.8 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 7.1 billion to EUR 399.1 billion. On Wednesday, 11 January 2006, a main refinancing operation of EUR 316 billion matured and a new one of EUR 309 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 0.2 billion in the previous week), while recourse to 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 0.3 billion to EUR 152.8 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 163,797 −7
2 Claims on non-euro area residents denominated in foreign currency 156,182 850
2.1 Receivables from the IMF 13,764 9
2.2 Balances with banks and security investments, external loans and other external assets 142,418 841
3 Claims on euro area residents denominated in foreign currency 22,160 −620
4 Claims on non-euro area residents denominated in euro 9,234 339
4.1 Balances with banks, security investments and loans 9,234 339
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 399,115 −7,124
5.1 Main refinancing operations 308,998 −7,002
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 100 −111
5.6 Credits related to margin calls 0 −11
6 Other claims on euro area credit institutions denominated in euro 4,085 350
7 Securities of euro area residents denominated in euro 93,244 257
8 General government debt denominated in euro 40,113 0
9 Other assets 145,328 599
Total assets 1,033,258 −5,356
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 553,846 −6,407
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 152,814 −313
2.1 Current accounts (covering the minimum reserve system) 152,775 −322
2.2 Deposit facility 38 9
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 207 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 50,404 936
5.1 General government 42,844 835
5.2 Other liabilities 7,560 101
6 Liabilities to non-euro area residents denominated in euro 12,452 −157
7 Liabilities to euro area residents denominated in foreign currency 334 −68
8 Liabilities to non-euro area residents denominated in foreign currency 10,998 865
8.1 Deposits, balances and other liabilities 10,998 865
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 68,757 −212
11 Revaluation accounts 119,113 0
12 Capital and reserves 58,413 0
Total liabilities 1,033,258 −5,356

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