Consolidated financial statement of the Eurosystem as at 6 April 2007

11 April 2007

Items not related to monetary policy operations

In the week ending 6 April 2007, the decrease of EUR 189 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) remained virtually unchanged at EUR 144.7 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 1.4 billion to EUR 90.3 billion. Banknotes in circulation (liability item 1) rose by EUR 12.4 billion to EUR 626 billion. Liabilities to general government (liability item 5.1) decreased by EUR 5.9 billion to EUR 51.3 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) rose by EUR 10.4 billion to EUR 442.8 billion. On Wednesday, 4 April 2007, a main refinancing operation of EUR 283.5 billion matured and a new one of EUR 291.5 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 2 billion (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 0.6 billion (compared with EUR 1.1 billion 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 5.3 billion to EUR 185.1 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 181,210 −189
2 Claims on non-euro area residents denominated in foreign currency 139,243 −1,412
2.1 Receivables from the IMF 9,772 −4
2.2 Balances with banks and security investments, external loans and other external assets 129,471 −1,408
3 Claims on euro area residents denominated in foreign currency 23,731 519
4 Claims on non-euro area residents denominated in euro 14,323 −1,413
4.1 Balances with banks, security investments and loans 14,323 −1,413
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 443,529 9,964
5.1 Main refinancing operations 291,500 8,000
5.2 Longer-term refinancing operations 150,001 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 2,028 1,964
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 14,794 35
7 Securities of euro area residents denominated in euro 90,329 1,387
8 General government debt denominated in euro 39,283 0
9 Other assets 224,978 −75
Total assets 1,171,420 8,816
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 625,993 12,388
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 185,863 4,849
2.1 Current accounts (covering the minimum reserve system) 185,086 5,332
2.2 Deposit facility 617 −486
2.3 Fixed-term deposits 155 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 5 3
3 Other liabilities to euro area credit institutions denominated in euro 107 1
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 60,074 −5,749
5.1 General government 51,266 −5,870
5.2 Other liabilities 8,808 121
6 Liabilities to non-euro area residents denominated in euro 18,360 −414
7 Liabilities to euro area residents denominated in foreign currency 159 1
8 Liabilities to non-euro area residents denominated in foreign currency 12,576 −882
8.1 Deposits, balances and other liabilities 12,576 −882
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,578 0
10 Other liabilities 68,926 −2,184
11 Revaluation accounts 125,521 0
12 Capital and reserves 68,263 806
Total liabilities 1,171,420 8,816

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