Consolidated financial statement of the Eurosystem as at 20 January 2006

24 January 2006

Items not related to monetary policy operations

In the week ending 20 January 2006, 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 161.1 billion.

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 93.7 billion. Banknotes in circulation (liability item 1) decreased by EUR 4.5 billion to EUR 549.4 billion. Liabilities to general government (liability item 5.1) rose by EUR 17.5 billion to EUR 60.3 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) increased by EUR 15 billion to EUR 414.1 billion. On Wednesday, 18 January 2006, a main refinancing operation of EUR 309 billion matured and a new one of EUR 324 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (approximately the same as in the previous week), and recourse to the deposit facility (liability item 2.2) was virtually nil (also 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) increased by EUR 3.2 billion to EUR 155.9 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 0
2 Claims on non-euro area residents denominated in foreign currency 156,702 520
2.1 Receivables from the IMF 13,309 −455
2.2 Balances with banks and security investments, external loans and other external assets 143,393 975
3 Claims on euro area residents denominated in foreign currency 22,907 747
4 Claims on non-euro area residents denominated in euro 9,447 213
4.1 Balances with banks, security investments and loans 9,447 213
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 414,105 14,990
5.1 Main refinancing operations 324,000 15,002
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 73 −27
5.6 Credits related to margin calls 15 15
6 Other claims on euro area credit institutions denominated in euro 3,880 −205
7 Securities of euro area residents denominated in euro 93,749 505
8 General government debt denominated in euro 40,113 0
9 Other assets 146,480 1,152
Total assets 1,051,180 17,922
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 549,377 −4,469
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 155,942 3,128
2.1 Current accounts (covering the minimum reserve system) 155,926 3,151
2.2 Deposit facility 5 −33
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 11 10
3 Other liabilities to euro area credit institutions denominated in euro 155 −52
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 68,107 17,703
5.1 General government 60,345 17,501
5.2 Other liabilities 7,762 202
6 Liabilities to non-euro area residents denominated in euro 12,687 235
7 Liabilities to euro area residents denominated in foreign currency 290 −44
8 Liabilities to non-euro area residents denominated in foreign currency 12,335 1,337
8.1 Deposits, balances and other liabilities 12,335 1,337
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 67,920 −837
11 Revaluation accounts 119,113 0
12 Capital and reserves 59,334 921
Total liabilities 1,051,180 17,922

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