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Consolidated financial statement of the Eurosystem as at 4 August 2006

8 August 2006

Items not related to monetary policy operations

In the week ending 4 August 2006, the decrease of EUR 4 million in gold and gold receivables (asset item 1) reflected the selling 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 0.1 billion to EUR 151.9 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) fell by EUR 1.3 billion to EUR 85.9 billion. Banknotes in circulation (liability item 1) increased by EUR 5.4 billion to EUR 593.9 billion. Liabilities to general government (liability item 5.1) decreased by EUR 24.5 billion to EUR 62.3 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 14.1 billion to EUR 444 billion. On Wednesday, 2 August 2006, a main refinancing operation of EUR 338 billion matured and a new one of EUR 324 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) increased by EUR 5.6 billion to EUR 167.8 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 175,131 −4
2 Claims on non-euro area residents denominated in foreign currency 141,098 −1,632
2.1 Receivables from the IMF 12,880 212
2.2 Balances with banks and security investments, external loans and other external assets 128,218 −1,844
3 Claims on euro area residents denominated in foreign currency 25,741 1,025
4 Claims on non-euro area residents denominated in euro 13,661 475
4.1 Balances with banks, security investments and loans 13,661 475
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 444,007 −14,038
5.1 Main refinancing operations 323,999 −14,002
5.2 Longer-term refinancing operations 120,002 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −41
5.6 Credits related to margin calls 6 5
6 Other claims on euro area credit institutions denominated in euro 6,324 239
7 Securities of euro area residents denominated in euro 85,863 −1,250
8 General government debt denominated in euro 40,050 0
9 Other assets 182,752 1,527
Total assets 1,114,627 −13,658
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 593,865 5,423
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 167,863 5,604
2.1 Current accounts (covering the minimum reserve system) 167,818 5,571
2.2 Deposit facility 45 33
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 101 11
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 70,400 −24,387
5.1 General government 62,340 −24,490
5.2 Other liabilities 8,060 103
6 Liabilities to non-euro area residents denominated in euro 15,327 −93
7 Liabilities to euro area residents denominated in foreign currency 110 −8
8 Liabilities to non-euro area residents denominated in foreign currency 9,131 −484
8.1 Deposits, balances and other liabilities 9,131 −484
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,692 0
10 Other liabilities 67,246 276
11 Revaluation accounts 121,984 0
12 Capital and reserves 62,908 0
Total liabilities 1,114,627 −13,658
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