Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Suggestions
Sort by

Consolidated financial statement of the Eurosystem as at 31 August 2007

4 September 2007

Items not related to monetary policy operations

In the week ending 31 August 2007, the decrease of EUR 25 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 145.5 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 0.9 billion to EUR 93.3 billion. Banknotes in circulation (liability item 1) rose by EUR 1.1 billion to EUR 637.2 billion. Liabilities to general government (liability item 5.1) increased by EUR 9.4 billion to EUR 65.4 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 65.1 billion to EUR 399.8 billion. On Wednesday, 29 August 2007, a main refinancing operation of EUR 275 billion matured and a new one of EUR 210 billion was settled. On Thursday, 30 August 2007, a longer-term refinancing operation of EUR 50 billion matured and a new one of EUR 50 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 0.2 billion 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 76.8 billion to EUR 132.3 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 172,000 −25
2 Claims on non-euro area residents denominated in foreign currency 144,162 710
2.1 Receivables from the IMF 9,690 2
2.2 Balances with banks and security investments, external loans and other external assets 134,472 708
3 Claims on euro area residents denominated in foreign currency 26,385 1,486
4 Claims on non-euro area residents denominated in euro 17,458 −665
4.1 Balances with banks, security investments and loans 17,458 −665
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 400,116 −65,087
5.1 Main refinancing operations 209,998 −65,001
5.2 Longer-term refinancing operations 190,001 −1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 110 −92
5.6 Credits related to margin calls 7 7
6 Other claims on euro area credit institutions denominated in euro 11,825 −1,002
7 Securities of euro area residents denominated in euro 93,275 939
8 General government debt denominated in euro 37,145 −3
9 Other assets 255,168 4,297
Total assets 1,157,534 −59,350
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 637,187 1,090
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 132,614 −76,739
2.1 Current accounts (covering the minimum reserve system) 132,296 −76,759
2.2 Deposit facility 318 20
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 189 −2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 73,187 9,657
5.1 General government 65,374 9,372
5.2 Other liabilities 7,813 285
6 Liabilities to non-euro area residents denominated in euro 20,859 1,342
7 Liabilities to euro area residents denominated in foreign currency 134 −74
8 Liabilities to non-euro area residents denominated in foreign currency 19,410 2,280
8.1 Deposits, balances and other liabilities 19,410 2,280
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 82,536 3,024
11 Revaluation accounts 117,010 0
12 Capital and reserves 68,891 72
Total liabilities 1,157,534 −59,350
CONTACT

European Central Bank

Directorate General Communications

Reproduction is permitted provided that the source is acknowledged.

Media contacts