Consolidated financial statement of the Eurosystem as at 9 February 2007

13 February 2007

Items not related to monetary policy operations

In the week ending 9 February 2007, the decrease of EUR 70 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).

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.4 billion to EUR 144.8 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 1.2 billion to EUR 83.4 billion. Banknotes in circulation (liability item 1) rose by EUR 0.3 billion to EUR 606 billion. Liabilities to general government (liability item 5.1) decreased by EUR 1.7 billion to EUR 37.7 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 12.9 billion to EUR 408.4 billion. On Wednesday, 7 February 2007, a main refinancing operation of EUR 292.5 billion matured and a new one of EUR 279.5 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) decreased by EUR 8.1 billion to EUR 172.7 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 176,611 −70
2 Claims on non-euro area residents denominated in foreign currency 144,158 339
2.1 Receivables from the IMF 10,043 −547
2.2 Balances with banks and security investments, external loans and other external assets 134,115 886
3 Claims on euro area residents denominated in foreign currency 22,936 −127
4 Claims on non-euro area residents denominated in euro 13,430 −929
4.1 Balances with banks, security investments and loans 13,430 −929
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 409,505 −13,000
5.1 Main refinancing operations 279,500 −13,003
5.2 Longer-term refinancing operations 130,001 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 4 4
5.6 Credits related to margin calls 0 −1
6 Other claims on euro area credit institutions denominated in euro 12,515 895
7 Securities of euro area residents denominated in euro 83,383 1,227
8 General government debt denominated in euro 39,311 2
9 Other assets 225,347 2,188
Total assets 1,127,196 −9,475
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 606,018 265
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 173,783 −8,268
2.1 Current accounts (covering the minimum reserve system) 172,671 −8,123
2.2 Deposit facility 34 3
2.3 Fixed-term deposits 1,077 −148
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 0
3 Other liabilities to euro area credit institutions denominated in euro 116 23
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 46,311 −1,997
5.1 General government 37,747 −1,673
5.2 Other liabilities 8,564 −324
6 Liabilities to non-euro area residents denominated in euro 17,175 430
7 Liabilities to euro area residents denominated in foreign currency 160 0
8 Liabilities to non-euro area residents denominated in foreign currency 16,489 658
8.1 Deposits, balances and other liabilities 16,489 658
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 72,619 −1,112
11 Revaluation accounts 121,990 0
12 Capital and reserves 66,924 526
Total liabilities 1,127,196 −9,475

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