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Consolidated financial statement of the Eurosystem as at 3 November 2006

7 November 2006

Items not related to monetary policy operations

In the week ending 3 November 2006, the decrease of EUR 101 million in gold and gold receivables (asset item 1) reflected the selling of gold by three 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) increased by EUR 0.2 billion to EUR 152.2 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) decreased by EUR 1.6 billion to EUR 79.3 billion. Banknotes in circulation (liability item 1) rose by EUR 5.1 billion to EUR 597 billion. Liabilities to general government (liability item 5.1) fell by EUR 16.8 billion to EUR 48.5 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 billion to EUR 427 billion. On Wednesday, 1 November 2006, a main refinancing operation of EUR 314 billion matured and a new one of EUR 307 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 4.7 billion to EUR 170.2 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 175,040 −101
2 Claims on non-euro area residents denominated in foreign currency 142,008 −395
2.1 Receivables from the IMF 11,224 −9
2.2 Balances with banks and security investments, external loans and other external assets 130,784 −386
3 Claims on euro area residents denominated in foreign currency 23,516 1,422
4 Claims on non-euro area residents denominated in euro 10,864 632
4.1 Balances with banks, security investments and loans 10,864 632
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 427,007 −7,038
5.1 Main refinancing operations 307,000 −7,000
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 1 −42
5.6 Credits related to margin calls 4 4
6 Other claims on euro area credit institutions denominated in euro 9,106 −977
7 Securities of euro area residents denominated in euro 79,269 −1,587
8 General government debt denominated in euro 40,027 5
9 Other assets 206,333 2,473
Total assets 1,113,170 −5,566
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 597,023 5,063
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 170,212 4,667
2.1 Current accounts (covering the minimum reserve system) 170,183 4,746
2.2 Deposit facility 29 −13
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 −66
3 Other liabilities to euro area credit institutions denominated in euro 128 7
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 57,018 −16,906
5.1 General government 48,469 −16,832
5.2 Other liabilities 8,549 −74
6 Liabilities to non-euro area residents denominated in euro 16,390 286
7 Liabilities to euro area residents denominated in foreign currency 100 −12
8 Liabilities to non-euro area residents denominated in foreign currency 7,485 827
8.1 Deposits, balances and other liabilities 7,485 827
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,701 0
10 Other liabilities 70,813 500
11 Revaluation accounts 123,721 0
12 Capital and reserves 64,579 2
Total liabilities 1,113,170 −5,566
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