Consolidated financial statement of the Eurosystem as at 3 August 2007

7 August 2007

Items not related to monetary policy operations

In the week ending 3 August 2007, the decrease of EUR 29 million in gold and gold receivables (asset item 1) reflected the sale of gold by one Eurosystem central bank (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 144.4 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 1.1 billion to EUR 93.1 billion. Banknotes in circulation (liability item 1) increased by EUR 6 billion to EUR 645 billion. Liabilities to general government (liability item 5.1) fell by EUR 18.5 billion to EUR 45.1 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 16.2 billion to EUR 447.9 billion. On Wednesday, 1 August 2007, a main refinancing operation of EUR 315.5 billion matured and a new one of EUR 298 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.2 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 0.1 billion (compared with EUR 1.6 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) decreased by EUR 5.6 billion to EUR 189.6 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 172,112 −29
2 Claims on non-euro area residents denominated in foreign currency 146,149 2,903
2.1 Receivables from the IMF 9,669 −64
2.2 Balances with banks and security investments, external loans and other external assets 136,480 2,967
3 Claims on euro area residents denominated in foreign currency 22,502 −1,766
4 Claims on non-euro area residents denominated in euro 16,526 319
4.1 Balances with banks, security investments and loans 16,526 319
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 448,009 −17,658
5.1 Main refinancing operations 297,999 −17,502
5.2 Longer-term refinancing operations 150,003 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −155
5.6 Credits related to margin calls 7 −1
6 Other claims on euro area credit institutions denominated in euro 14,130 112
7 Securities of euro area residents denominated in euro 93,138 −1,108
8 General government debt denominated in euro 37,148 0
9 Other assets 245,409 −234
Total assets 1,195,123 −17,461
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 645,004 6,042
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 189,747 −7,057
2.1 Current accounts (covering the minimum reserve system) 189,635 −5,574
2.2 Deposit facility 112 −1,483
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 0
3 Other liabilities to euro area credit institutions denominated in euro 216 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 52,874 −18,162
5.1 General government 45,085 −18,494
5.2 Other liabilities 7,789 332
6 Liabilities to non-euro area residents denominated in euro 18,853 155
7 Liabilities to euro area residents denominated in foreign currency 236 −87
8 Liabilities to non-euro area residents denominated in foreign currency 18,492 1,193
8.1 Deposits, balances and other liabilities 18,492 1,193
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 78,860 454
11 Revaluation accounts 117,010 0
12 Capital and reserves 68,314 1
Total liabilities 1,195,123 −17,461

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