Consolidated financial statement of the Eurosystem as at 16 February 2007

20 February 2007

Items not related to monetary policy operations

In the week ending 16 February 2007, the decrease of EUR 90 million in gold and gold receivables (asset item 1) reflected sales 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) increased by EUR 0.5 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 1.5 billion to EUR 84.9 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.7 billion to EUR 605.3 billion. Liabilities to general government (liability item 5.1) rose by EUR 0.6 billion to EUR 38.4 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) increased by EUR 7.1 billion to EUR 415.5 billion. On Wednesday, 14 February 2007, a main refinancing operation of EUR 279.5 billion matured and a new one of EUR 286.5 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) increased by EUR 9.2 billion to EUR 181.9 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 176,521 −90
2 Claims on non-euro area residents denominated in foreign currency 144,404 246
2.1 Receivables from the IMF 10,005 −38
2.2 Balances with banks and security investments, external loans and other external assets 134,399 284
3 Claims on euro area residents denominated in foreign currency 21,990 −946
4 Claims on non-euro area residents denominated in euro 15,615 2,185
4.1 Balances with banks, security investments and loans 15,615 2,185
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 416,500 6,995
5.1 Main refinancing operations 286,499 6,999
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 0 −4
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 12,569 54
7 Securities of euro area residents denominated in euro 84,880 1,497
8 General government debt denominated in euro 39,311 0
9 Other assets 223,300 −2,047
Total assets 1,135,090 7,894
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 605,338 −680
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 182,916 9,133
2.1 Current accounts (covering the minimum reserve system) 181,916 9,245
2.2 Deposit facility 23 −11
2.3 Fixed-term deposits 974 −103
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 3 2
3 Other liabilities to euro area credit institutions denominated in euro 137 21
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 46,874 563
5.1 General government 38,360 613
5.2 Other liabilities 8,514 −50
6 Liabilities to non-euro area residents denominated in euro 17,587 412
7 Liabilities to euro area residents denominated in foreign currency 160 0
8 Liabilities to non-euro area residents denominated in foreign currency 15,294 −1,195
8.1 Deposits, balances and other liabilities 15,294 −1,195
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 72,116 −503
11 Revaluation accounts 121,990 0
12 Capital and reserves 67,067 143
Total liabilities 1,135,090 7,894

Media contacts