Consolidated financial statement of the Eurosystem as at 26 October 2007

30 October 2007

Items not related to monetary policy operations

In the week ending 26 October 2007, the decrease of EUR 126 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) remained virtually unchanged at EUR 141.8 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) also remained virtually unchanged at EUR 95.8 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.9 billion to EUR 637.8 billion. Liabilities to general government (liability item 5.1) increased by EUR 15.1 billion to EUR 69.4 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) rose by EUR 11.6 billion to EUR 446.9 billion. On Wednesday, 24 October 2007, a main refinancing operation of EUR 171 billion matured and a new one of EUR 182 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 0.2 billion (compared with EUR 0.7 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 1 billion to EUR 191.7 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 185,723 −126
2 Claims on non-euro area residents denominated in foreign currency 142,191 −4,457
2.1 Receivables from the IMF 9,314 12
2.2 Balances with banks and security investments, external loans and other external assets 132,877 −4,469
3 Claims on euro area residents denominated in foreign currency 23,817 3,279
4 Claims on non-euro area residents denominated in euro 18,128 1,108
4.1 Balances with banks, security investments and loans 18,128 1,108
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 447,025 11,020
5.1 Main refinancing operations 182,000 11,000
5.2 Longer-term refinancing operations 265,004 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 2 2
5.6 Credits related to margin calls 19 18
6 Other claims on euro area credit institutions denominated in euro 15,409 254
7 Securities of euro area residents denominated in euro 95,836 45
8 General government debt denominated in euro 37,122 0
9 Other assets 298,253 3,054
Total assets 1,263,504 14,177
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 637,770 −928
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 191,911 −1,601
2.1 Current accounts (covering the minimum reserve system) 191,746 −1,044
2.2 Deposit facility 155 −553
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 10 −4
3 Other liabilities to euro area credit institutions denominated in euro 150 9
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 76,606 14,972
5.1 General government 69,431 15,052
5.2 Other liabilities 7,175 −80
6 Liabilities to non-euro area residents denominated in euro 25,394 241
7 Liabilities to euro area residents denominated in foreign currency 215 −121
8 Liabilities to non-euro area residents denominated in foreign currency 18,611 −1,056
8.1 Deposits, balances and other liabilities 18,611 −1,056
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 107,491 2,658
11 Revaluation accounts 131,060 0
12 Capital and reserves 68,898 3
Total liabilities 1,263,504 14,177

Media contacts