Consolidated financial statement of the Eurosystem as at 26 January 2007

30 January 2007

Items not related to monetary policy operations

In the week ending 26 January 2007, the decrease of EUR 36 million in gold and gold receivables (asset item 1) reflected sales of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement of 27 September 2004) and a net purchase of gold coin by another Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.7 billion to EUR 145.3 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 0.2 billion to EUR 82.1 billion. Banknotes in circulation (liability item 1) decreased by EUR 3.4 billion to EUR 602.7 billion. Liabilities to general government (liability item 5.1) rose by EUR 6.5 billion to EUR 59.9 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 5.2 billion to EUR 435.8 billion. On Wednesday, 24 January 2007, a main refinancing operation of EUR 312.5 billion matured and a new one of EUR 317.5 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (approximately the same as in the previous week), and recourse to the deposit facility (liability item 2.2) was also virtually nil (compared with EUR 0.2 billion in the previous 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 1.5 billion to EUR 176.1 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 176,720 −36
2 Claims on non-euro area residents denominated in foreign currency 142,344 −55
2.1 Receivables from the IMF 10,589 26
2.2 Balances with banks and security investments, external loans and other external assets 131,755 −81
3 Claims on euro area residents denominated in foreign currency 22,098 −710
4 Claims on non-euro area residents denominated in euro 13,760 −379
4.1 Balances with banks, security investments and loans 13,760 −379
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 437,508 5,004
5.1 Main refinancing operations 317,502 5,002
5.2 Longer-term refinancing operations 120,000 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 6 2
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 12,534 408
7 Securities of euro area residents denominated in euro 82,066 194
8 General government debt denominated in euro 39,359 0
9 Other assets 221,759 2,496
Total assets 1,148,148 6,922
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 602,691 −3,377
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 177,871 1,330
2.1 Current accounts (covering the minimum reserve system) 176,124 1,511
2.2 Deposit facility 20 3
2.3 Fixed-term deposits 1,727 −179
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 −5
3 Other liabilities to euro area credit institutions denominated in euro 106 5
4 Debt certificates issued 1 −36
5 Liabilities to other euro area residents denominated in euro 68,710 6,214
5.1 General government 59,871 6,458
5.2 Other liabilities 8,839 −244
6 Liabilities to non-euro area residents denominated in euro 19,340 2,551
7 Liabilities to euro area residents denominated in foreign currency 169 3
8 Liabilities to non-euro area residents denominated in foreign currency 13,326 −25
8.1 Deposits, balances and other liabilities 13,326 −25
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,611 0
10 Other liabilities 71,935 256
11 Revaluation accounts 121,990 0
12 Capital and reserves 66,398 1
Total liabilities 1,148,148 6,922

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