Consolidated financial statement of the Eurosystem as at 8 June 2007

12 June 2007

Items not related to monetary policy operations

In the week ending 8 June 2007, the decrease of EUR 59 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 146.5 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 1.3 billion to EUR 96.2 billion. Banknotes in circulation (liability item 1) rose by EUR 2.5 billion to EUR 629.3 billion. Liabilities to general government (liability item 5.1) decreased by EUR 3.5 billion to EUR 42.6 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) decreased by EUR 5.3 billion to EUR 429 billion. On Wednesday, 6 June 2007, a main refinancing operation of EUR 284.5 billion matured and a new one of EUR 279 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with virtually nil in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 0.1 billion (compared with EUR 0.2 billion 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 2.5 billion to EUR 185.6 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 179,936 −59
2 Claims on non-euro area residents denominated in foreign currency 143,867 597
2.1 Receivables from the IMF 10,056 0
2.2 Balances with banks and security investments, external loans and other external assets 133,811 597
3 Claims on euro area residents denominated in foreign currency 25,588 209
4 Claims on non-euro area residents denominated in euro 15,301 −52
4.1 Balances with banks, security investments and loans 15,301 −52
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 429,174 −5,335
5.1 Main refinancing operations 279,000 −5,501
5.2 Longer-term refinancing operations 150,002 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 172 166
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 14,058 −357
7 Securities of euro area residents denominated in euro 96,176 1,315
8 General government debt denominated in euro 37,643 0
9 Other assets 234,603 1,589
Total assets 1,176,346 −2,093
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 629,296 2,521
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 185,711 −2,510
2.1 Current accounts (covering the minimum reserve system) 185,565 −2,460
2.2 Deposit facility 143 −53
2.3 Fixed-term deposits 0 0
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 201 5
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 51,054 −3,501
5.1 General government 42,595 −3,487
5.2 Other liabilities 8,459 −14
6 Liabilities to non-euro area residents denominated in euro 20,240 −14
7 Liabilities to euro area residents denominated in foreign currency 157 1
8 Liabilities to non-euro area residents denominated in foreign currency 17,262 844
8.1 Deposits, balances and other liabilities 17,262 844
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 72,995 560
11 Revaluation accounts 125,521 0
12 Capital and reserves 68,331 1
Total liabilities 1,176,346 −2,093

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