Consolidated financial statement of the Eurosystem as at 27 April 2007

2 May 2007

Items not related to monetary policy operations

In the week ending 27 April 2007, the decrease of EUR 195 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) decreased by EUR 0.1 billion to EUR 145.3 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 1.9 billion to EUR 92.4 billion. Banknotes in circulation (liability item 1) rose by EUR 3.8 billion to EUR 619.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 5.2 billion to EUR 60.8 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) increased by EUR 8.5 billion to EUR 439.9 billion. On Wednesday, 25 April 2007, a main refinancing operation of EUR 281.5 billion matured and a new one of EUR 288.5 billion was settled. On Friday, 27 April 2007, a longer-term refinancing operation of EUR 50 billion matured and a new one of EUR 50 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 1.5 billion (compared with virtually nil in the preceding week), while recourse to the deposit facility (liability item 2.2) was virtually nil (as 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 0.1 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 180,703 −195
2 Claims on non-euro area residents denominated in foreign currency 142,051 1,720
2.1 Receivables from the IMF 9,640 −129
2.2 Balances with banks and security investments, external loans and other external assets 132,411 1,849
3 Claims on euro area residents denominated in foreign currency 25,014 120
4 Claims on non-euro area residents denominated in euro 14,463 −887
4.1 Balances with banks, security investments and loans 14,463 −887
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 440,018 8,470
5.1 Main refinancing operations 288,500 6,998
5.2 Longer-term refinancing operations 149,999 −2
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1,519 1,490
5.6 Credits related to margin calls 0 −16
6 Other claims on euro area credit institutions denominated in euro 15,800 1,625
7 Securities of euro area residents denominated in euro 92,358 1,872
8 General government debt denominated in euro 39,240 −43
9 Other assets 226,661 −619
Total assets 1,176,308 12,063
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 619,662 3,845
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 183,664 −111
2.1 Current accounts (covering the minimum reserve system) 183,574 −58
2.2 Deposit facility 18 −19
2.3 Fixed-term deposits 64 −39
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 8 5
3 Other liabilities to euro area credit institutions denominated in euro 127 −6
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 69,973 5,380
5.1 General government 60,825 5,213
5.2 Other liabilities 9,148 167
6 Liabilities to non-euro area residents denominated in euro 19,521 996
7 Liabilities to euro area residents denominated in foreign currency 296 139
8 Liabilities to non-euro area residents denominated in foreign currency 15,878 1,756
8.1 Deposits, balances and other liabilities 15,878 1,756
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 67,760 62
11 Revaluation accounts 125,521 0
12 Capital and reserves 68,328 2
Total liabilities 1,176,308 12,063

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