Consolidated financial statement of the Eurosystem as at 2 February 2007

6 February 2007

Items not related to monetary policy operations

In the week ending 2 February 2007, the decrease of EUR 39 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 0.1 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 0.1 billion to EUR 82.2 billion. Banknotes in circulation (liability item 1) rose by EUR 3.1 billion to EUR 605.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 20.5 billion to EUR 39.4 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) fell by EUR 14.5 billion to EUR 421.2 billion. On Wednesday, 31 January 2007, a main refinancing operation of EUR 317.5 billion matured and a new one of EUR 292.5 billion was settled. On Thursday, 1 February 2007, a longer-term refinancing operation of EUR 40 billion matured and a new one of EUR 50 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 180.8 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 176,681 −39
2 Claims on non-euro area residents denominated in foreign currency 143,819 1,475
2.1 Receivables from the IMF 10,590 1
2.2 Balances with banks and security investments, external loans and other external assets 133,229 1,474
3 Claims on euro area residents denominated in foreign currency 23,063 965
4 Claims on non-euro area residents denominated in euro 14,359 599
4.1 Balances with banks, security investments and loans 14,359 599
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 422,505 −15,003
5.1 Main refinancing operations 292,503 −24,999
5.2 Longer-term refinancing operations 130,001 10,001
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −6
5.6 Credits related to margin calls 1 1
6 Other claims on euro area credit institutions denominated in euro 11,620 −914
7 Securities of euro area residents denominated in euro 82,156 90
8 General government debt denominated in euro 39,309 −50
9 Other assets 223,159 1,400
Total assets 1,136,671 −11,477
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 605,753 3,062
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 182,051 4,180
2.1 Current accounts (covering the minimum reserve system) 180,794 4,670
2.2 Deposit facility 31 11
2.3 Fixed-term deposits 1,225 −502
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 1
3 Other liabilities to euro area credit institutions denominated in euro 93 −13
4 Debt certificates issued 0 −1
5 Liabilities to other euro area residents denominated in euro 48,308 −20,402
5.1 General government 39,420 −20,451
5.2 Other liabilities 8,888 49
6 Liabilities to non-euro area residents denominated in euro 16,745 −2,595
7 Liabilities to euro area residents denominated in foreign currency 160 −9
8 Liabilities to non-euro area residents denominated in foreign currency 15,831 2,505
8.1 Deposits, balances and other liabilities 15,831 2,505
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 73,731 1,796
11 Revaluation accounts 121,990 0
12 Capital and reserves 66,398 0
Total liabilities 1,136,671 −11,477

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