Consolidated financial statement of the Eurosystem as at 4 May 2007

8 May 2007

Items not related to monetary policy operations

In the week ending 4 May 2007, the decrease of EUR 186 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) increased by EUR 0.7 billion to EUR 93.1 billion. Banknotes in circulation (liability item 1) rose by EUR 4.3 billion to EUR 624 billion. Liabilities to general government (liability item 5.1) decreased by EUR 14 billion to EUR 46.8 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 10.3 billion to EUR 429.7 billion. On Wednesday, 2 May 2007, a main refinancing operation of EUR 288.5 billion matured and a new one of EUR 279.5 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with EUR 1.5 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 0.1 billion (compared with virtually nil 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) decreased by EUR 1.6 billion to EUR 182 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 180,517 −186
2 Claims on non-euro area residents denominated in foreign currency 141,412 −639
2.1 Receivables from the IMF 9,614 −26
2.2 Balances with banks and security investments, external loans and other external assets 131,798 −613
3 Claims on euro area residents denominated in foreign currency 25,347 333
4 Claims on non-euro area residents denominated in euro 15,086 623
4.1 Balances with banks, security investments and loans 15,086 623
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 429,707 −10,311
5.1 Main refinancing operations 279,499 −9,001
5.2 Longer-term refinancing operations 149,999 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 209 −1,310
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 13,965 −1,835
7 Securities of euro area residents denominated in euro 93,066 708
8 General government debt denominated in euro 38,657 −583
9 Other assets 227,598 937
Total assets 1,165,355 −10,953
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 623,959 4,297
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 182,046 −1,618
2.1 Current accounts (covering the minimum reserve system) 181,994 −1,580
2.2 Deposit facility 52 34
2.3 Fixed-term deposits 0 −64
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 −8
3 Other liabilities to euro area credit institutions denominated in euro 125 −2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 55,813 −14,160
5.1 General government 46,841 −13,984
5.2 Other liabilities 8,972 −176
6 Liabilities to non-euro area residents denominated in euro 19,485 −36
7 Liabilities to euro area residents denominated in foreign currency 162 −134
8 Liabilities to non-euro area residents denominated in foreign currency 15,610 −268
8.1 Deposits, balances and other liabilities 15,610 −268
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 68,728 968
11 Revaluation accounts 125,521 0
12 Capital and reserves 68,328 0
Total liabilities 1,165,355 −10,953

Media contacts