Consolidated financial statement of the Eurosystem as at 24 August 2007

28 August 2007

Items not related to monetary policy operations

In the week ending 24 August 2007, the decrease of EUR 16 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) increased by EUR 0.3 billion to EUR 145.5 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) increased by EUR 0.7 billion to EUR 92.3 billion. Banknotes in circulation (liability item 1) fell by EUR 5.8 billion to EUR 636.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 14.9 billion to EUR 56 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 5.1 billion to EUR 464.9 billion. On Wednesday, 22 August 2007, a main refinancing operation of EUR 310 billion matured and a new one of EUR 275 billion was settled. On Friday, 24 August 2007, a supplementary longer-term refinancing operation of EUR 40 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 0.3 billion, which was 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) decreased by EUR 1.2 billion to EUR 209.1 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 172,025 −16
2 Claims on non-euro area residents denominated in foreign currency 143,452 −1,049
2.1 Receivables from the IMF 9,688 1
2.2 Balances with banks and security investments, external loans and other external assets 133,764 −1,050
3 Claims on euro area residents denominated in foreign currency 24,899 358
4 Claims on non-euro area residents denominated in euro 18,123 685
4.1 Balances with banks, security investments and loans 18,123 685
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 465,203 5,193
5.1 Main refinancing operations 274,999 −35,002
5.2 Longer-term refinancing operations 190,002 39,999
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 202 202
5.6 Credits related to margin calls 0 −6
6 Other claims on euro area credit institutions denominated in euro 12,827 23
7 Securities of euro area residents denominated in euro 92,336 730
8 General government debt denominated in euro 37,148 0
9 Other assets 250,871 3,257
Total assets 1,216,884 9,181
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 636,097 −5,813
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 209,353 −1,174
2.1 Current accounts (covering the minimum reserve system) 209,055 −1,218
2.2 Deposit facility 298 44
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 191 2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 63,530 14,793
5.1 General government 56,002 14,912
5.2 Other liabilities 7,528 −119
6 Liabilities to non-euro area residents denominated in euro 19,517 410
7 Liabilities to euro area residents denominated in foreign currency 208 75
8 Liabilities to non-euro area residents denominated in foreign currency 17,130 −1,102
8.1 Deposits, balances and other liabilities 17,130 −1,102
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 79,512 1,988
11 Revaluation accounts 117,010 0
12 Capital and reserves 68,819 2
Total liabilities 1,216,884 9,181

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