Consolidated financial statement of the Eurosystem as at 13 July 2007

17 July 2007

Items not related to monetary policy operations

In the week ending 13 July 2007, the decrease of EUR 88 million in gold and gold receivables (asset item 1) reflected the sales of gold by three Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27 September 2004) and a purchase of gold coin by another Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.2 billion to EUR 144.5 billion on account of customer and portfolio transactions.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 0.8 billion to EUR 93.1 billion. Banknotes in circulation (liability item 1) rose by EUR 0.6 billion to EUR 638.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 6.9 billion to EUR 42.5 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) fell by EUR 5.2 billion to EUR 441.9 billion. On Wednesday, 11 July 2007, a main refinancing operation of EUR 298 billion matured and a new one of EUR 292 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (approximately the same as in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 0.1 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 2.5 billion to EUR 193 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 172,624 −88
2 Claims on non-euro area residents denominated in foreign currency 143,170 −1,187
2.1 Receivables from the IMF 9,769 −67
2.2 Balances with banks and security investments, external loans and other external assets 133,401 −1,120
3 Claims on euro area residents denominated in foreign currency 23,892 1,132
4 Claims on non-euro area residents denominated in euro 15,882 −653
4.1 Balances with banks, security investments and loans 15,882 −653
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 442,002 −6,169
5.1 Main refinancing operations 292,000 −5,999
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 0 −4
5.6 Credits related to margin calls 0 −166
6 Other claims on euro area credit institutions denominated in euro 14,177 610
7 Securities of euro area residents denominated in euro 93,117 −814
8 General government debt denominated in euro 37,149 0
9 Other assets 243,351 776
Total assets 1,185,364 −6,393
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 638,835 616
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 193,115 1,501
2.1 Current accounts (covering the minimum reserve system) 193,037 2,489
2.2 Deposit facility 78 −986
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 −2
3 Other liabilities to euro area credit institutions denominated in euro 215 2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 50,087 −6,805
5.1 General government 42,505 −6,875
5.2 Other liabilities 7,582 70
6 Liabilities to non-euro area residents denominated in euro 18,904 −568
7 Liabilities to euro area residents denominated in foreign currency 181 −1
8 Liabilities to non-euro area residents denominated in foreign currency 16,888 −284
8.1 Deposits, balances and other liabilities 16,888 −284
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,517 0
10 Other liabilities 76,299 −855
11 Revaluation accounts 117,010 0
12 Capital and reserves 68,313 1
Total liabilities 1,185,364 −6,393

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