Consolidated financial statement of the Eurosystem as at 20 April 2007

24 April 2007

Items not related to monetary policy operations

In the week ending 20 April 2007, the decrease of EUR 281 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 0.1 billion to EUR 145.4 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 0.1 billion to EUR 90.5 billion. Banknotes in circulation (liability item 1) fell by EUR 3.6 billion to EUR 615.8 billion. Liabilities to general government (liability item 5.1) increased by EUR 7 billion to EUR 55.6 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 0.9 billion to EUR 431.4 billion. On Wednesday, 18 April 2007, a main refinancing operation of EUR 280 billion matured and a new one of EUR 281.5 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 (compared with EUR 0.7 billion and EUR 0.1 billion respectively 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) increased by EUR 0.2 billion to EUR 183.6 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 180,898 −281
2 Claims on non-euro area residents denominated in foreign currency 140,331 −282
2.1 Receivables from the IMF 9,769 −3
2.2 Balances with banks and security investments, external loans and other external assets 130,562 −279
3 Claims on euro area residents denominated in foreign currency 24,894 1,329
4 Claims on non-euro area residents denominated in euro 15,350 748
4.1 Balances with banks, security investments and loans 15,350 748
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 431,548 868
5.1 Main refinancing operations 281,502 1,501
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 29 −649
5.6 Credits related to margin calls 16 16
6 Other claims on euro area credit institutions denominated in euro 14,175 −566
7 Securities of euro area residents denominated in euro 90,486 −70
8 General government debt denominated in euro 39,283 0
9 Other assets 227,280 929
Total assets 1,164,245 2,675
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 615,817 −3,575
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 183,775 113
2.1 Current accounts (covering the minimum reserve system) 183,632 154
2.2 Deposit facility 37 −16
2.3 Fixed-term deposits 103 −28
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 3 3
3 Other liabilities to euro area credit institutions denominated in euro 133 24
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 64,593 7,029
5.1 General government 55,612 6,972
5.2 Other liabilities 8,981 57
6 Liabilities to non-euro area residents denominated in euro 18,525 −378
7 Liabilities to euro area residents denominated in foreign currency 157 −6
8 Liabilities to non-euro area residents denominated in foreign currency 14,122 918
8.1 Deposits, balances and other liabilities 14,122 918
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 67,698 −1,343
11 Revaluation accounts 125,521 0
12 Capital and reserves 68,326 −107
Total liabilities 1,164,245 2,675

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