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Consolidated financial statement of the Eurosystem as at 5 October 2007

9 October 2007

Items not related to monetary policy operations

In the week ending 5 October 2007, the decrease of EUR 150 million in gold and gold receivables (asset item 1) reflected sales of gold by two Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27 September 2004) and a net 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 0.3 billion to EUR 142.1 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 1.8 billion to EUR 97.3 billion. Banknotes in circulation (liability item 1) rose by EUR 4 billion to EUR 641.3 billion. Liabilities to general government (liability item 5.1) decreased by EUR 5.8 billion to EUR 60.3 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 26.4 billion to EUR 423.4 billion. On Wednesday, 3 October 2007, a main refinancing operation of EUR 190 billion matured and a new one of EUR 163 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.2 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 4.6 billion (compared with EUR 5.5 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 21.4 billion to EUR 165.3 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 186,083 −150
2 Claims on non-euro area residents denominated in foreign currency 141,914 −59
2.1 Receivables from the IMF 9,355 0
2.2 Balances with banks and security investments, external loans and other external assets 132,559 −59
3 Claims on euro area residents denominated in foreign currency 25,010 1,103
4 Claims on non-euro area residents denominated in euro 15,354 −744
4.1 Balances with banks, security investments and loans 15,354 −744
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 428,005 −27,211
5.1 Main refinancing operations 163,001 −26,999
5.2 Longer-term refinancing operations 265,000 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 2 −213
5.6 Credits related to margin calls 2 1
6 Other claims on euro area credit institutions denominated in euro 13,947 671
7 Securities of euro area residents denominated in euro 97,263 1,848
8 General government debt denominated in euro 37,122 0
9 Other assets 283,654 2,498
Total assets 1,228,352 −22,044
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 641,298 4,006
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 169,941 −22,209
2.1 Current accounts (covering the minimum reserve system) 165,302 −21,365
2.2 Deposit facility 4,628 −844
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 11 0
3 Other liabilities to euro area credit institutions denominated in euro 141 −29
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 67,850 −5,722
5.1 General government 60,336 −5,804
5.2 Other liabilities 7,514 82
6 Liabilities to non-euro area residents denominated in euro 23,943 30
7 Liabilities to euro area residents denominated in foreign currency 335 −278
8 Liabilities to non-euro area residents denominated in foreign currency 19,132 1,020
8.1 Deposits, balances and other liabilities 19,132 1,020
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,398 0
10 Other liabilities 100,360 1,137
11 Revaluation accounts 131,060 0
12 Capital and reserves 68,894 1
Total liabilities 1,228,352 −22,044
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