Consolidated financial statement of the Eurosystem as at 2 November 2007

6 November 2007

Items not related to monetary policy operations

In the week ending 2 November 2007, the decrease of EUR 184 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).

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) decreased by EUR 0.1 billion to EUR 95.7 billion. Banknotes in circulation (liability item 1) increased by EUR 5.7 billion to EUR 643.5 billion. Liabilities to general government (liability item 5.1) decreased by EUR 18.6 billion to EUR 50.9 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 12.1 billion to EUR 434.8 billion. On Wednesday, 31 October 2007, a main refinancing operation of EUR 182 billion matured and a new one of EUR 170 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 (also 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 0.2 billion to EUR 192 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 185,539 −184
2 Claims on non-euro area residents denominated in foreign currency 144,413 2,222
2.1 Receivables from the IMF 9,298 −16
2.2 Balances with banks and security investments, external loans and other external assets 135,115 2,238
3 Claims on euro area residents denominated in foreign currency 22,835 −982
4 Claims on non-euro area residents denominated in euro 18,010 −118
4.1 Balances with banks, security investments and loans 18,010 −118
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 435,011 −12,014
5.1 Main refinancing operations 170,000 −12,000
5.2 Longer-term refinancing operations 265,005 1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 5 3
5.6 Credits related to margin calls 1 −18
6 Other claims on euro area credit institutions denominated in euro 17,494 2,085
7 Securities of euro area residents denominated in euro 95,696 −140
8 General government debt denominated in euro 37,110 −12
9 Other assets 300,153 1,900
Total assets 1,256,261 −7,243
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 643,503 5,733
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 192,208 297
2.1 Current accounts (covering the minimum reserve system) 191,974 228
2.2 Deposit facility 219 64
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 15 5
3 Other liabilities to euro area credit institutions denominated in euro 185 35
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 58,289 −18,317
5.1 General government 50,847 −18,584
5.2 Other liabilities 7,442 267
6 Liabilities to non-euro area residents denominated in euro 27,342 1,948
7 Liabilities to euro area residents denominated in foreign currency 326 111
8 Liabilities to non-euro area residents denominated in foreign currency 19,709 1,098
8.1 Deposits, balances and other liabilities 19,709 1,098
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 109,342 1,851
11 Revaluation accounts 131,060 0
12 Capital and reserves 68,899 1
Total liabilities 1,256,261 −7,243

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