Consolidated financial statement of the Eurosystem as at 9 March 2007

13 March 2007

Items not related to monetary policy operations

In the week ending 9 March 2007, the decrease of EUR 9 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) increased by EUR 0.1 billion to EUR 145.1 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 0.3 billion to EUR 86.8 billion. Banknotes in circulation (liability item 1) rose by EUR 1.3 billion to EUR 609.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 5.4 billion to EUR 43.8 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 9 billion to EUR 419.5 billion. On Wednesday, 7 March 2007, a main refinancing operation of EUR 289 billion matured and a new one of EUR 280 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 EUR 0.1 billion (compared with virtually nil 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) decreased by EUR 4 billion to EUR 178.7 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 176,441 −9
2 Claims on non-euro area residents denominated in foreign currency 141,625 −869
2.1 Receivables from the IMF 9,982 −22
2.2 Balances with banks and security investments, external loans and other external assets 131,643 −847
3 Claims on euro area residents denominated in foreign currency 22,140 −22
4 Claims on non-euro area residents denominated in euro 15,484 −129
4.1 Balances with banks, security investments and loans 15,484 −129
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 420,001 −9,007
5.1 Main refinancing operations 280,001 −8,998
5.2 Longer-term refinancing operations 140,000 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 0
5.6 Credits related to margin calls 0 −9
6 Other claims on euro area credit institutions denominated in euro 13,619 797
7 Securities of euro area residents denominated in euro 86,790 291
8 General government debt denominated in euro 39,317 0
9 Other assets 224,409 545
Total assets 1,139,826 −8,403
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 609,778 1,301
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 179,155 −3,977
2.1 Current accounts (covering the minimum reserve system) 178,648 −3,965
2.2 Deposit facility 74 39
2.3 Fixed-term deposits 433 −51
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 0
3 Other liabilities to euro area credit institutions denominated in euro 109 −25
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 52,323 −5,331
5.1 General government 43,789 −5,424
5.2 Other liabilities 8,534 93
6 Liabilities to non-euro area residents denominated in euro 18,390 294
7 Liabilities to euro area residents denominated in foreign currency 164 1
8 Liabilities to non-euro area residents denominated in foreign currency 12,927 −969
8.1 Deposits, balances and other liabilities 12,927 −969
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 72,152 301
11 Revaluation accounts 121,990 0
12 Capital and reserves 67,227 2
Total liabilities 1,139,826 −8,403

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