Consolidated financial statement of the Eurosystem as at 10 August 2007

14 August 2007

Items not related to monetary policy operations

In the week ending 10 August 2007, the decrease of EUR 45 million in gold and gold receivables (asset item 1) reflected the sale 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 0.4 billion to EUR 144.8 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) increased by EUR 1 billion to EUR 94.2 billion. Banknotes in circulation (liability item 1) decreased by EUR 1 billion to EUR 644.1 billion. Liabilities to general government (liability item 5.1) fell by EUR 8.4 billion to EUR 36.6 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) increased by EUR 55.6 billion to EUR 503.5 billion. On Wednesday, 8 August 2007, a main refinancing operation of EUR 298 billion matured and a new one of EUR 292.5 billion was settled. On Friday, 10 August 2007, a fine-tuning operation of EUR 61.1 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 (approximately the same as 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 67 billion to EUR 256.7 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 172,067 −45
2 Claims on non-euro area residents denominated in foreign currency 145,162 −987
2.1 Receivables from the IMF 9,715 46
2.2 Balances with banks and security investments, external loans and other external assets 135,447 −1,033
3 Claims on euro area residents denominated in foreign currency 23,659 1,157
4 Claims on non-euro area residents denominated in euro 17,188 662
4.1 Balances with banks, security investments and loans 17,188 662
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 503,553 55,544
5.1 Main refinancing operations 292,500 −5,499
5.2 Longer-term refinancing operations 150,003 0
5.3 Fine-tuning reverse operations 61,050 61,050
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 0
5.6 Credits related to margin calls 0 −7
6 Other claims on euro area credit institutions denominated in euro 13,005 −1,125
7 Securities of euro area residents denominated in euro 94,168 1,030
8 General government debt denominated in euro 37,148 0
9 Other assets 247,148 1,739
Total assets 1,253,098 57,975
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 644,090 −914
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 256,769 67,022
2.1 Current accounts (covering the minimum reserve system) 256,675 67,040
2.2 Deposit facility 94 −18
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 187 −29
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 44,407 −8,467
5.1 General government 36,641 −8,444
5.2 Other liabilities 7,766 −23
6 Liabilities to non-euro area residents denominated in euro 19,084 231
7 Liabilities to euro area residents denominated in foreign currency 134 −102
8 Liabilities to non-euro area residents denominated in foreign currency 18,412 −80
8.1 Deposits, balances and other liabilities 18,412 −80
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 79,174 314
11 Revaluation accounts 117,010 0
12 Capital and reserves 68,314 0
Total liabilities 1,253,098 57,975

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