Consolidated financial statement of the Eurosystem as at 9 November 2007

13 November 2007

Items not related to monetary policy operations

In the week ending 9 November 2007, the decrease of EUR 66 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) 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 0.2 billion to EUR 142 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 0.8 billion to EUR 96.5 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.4 billion to EUR 642.1 billion. Liabilities to general government (liability item 5.1) fell by EUR 5 billion to EUR 45.9 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 10 billion to EUR 424.7 billion. On Wednesday, 7 November 2007, a main refinancing operation of EUR 170 billion matured and a new one of EUR 160 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 0.3 billion (compared with EUR 0.2 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 1.2 billion to EUR 190.8 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 185,473 −66
2 Claims on non-euro area residents denominated in foreign currency 143,006 −1,407
2.1 Receivables from the IMF 9,276 −22
2.2 Balances with banks and security investments, external loans and other external assets 133,730 −1,385
3 Claims on euro area residents denominated in foreign currency 23,354 519
4 Claims on non-euro area residents denominated in euro 17,729 −281
4.1 Balances with banks, security investments and loans 17,729 −281
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 425,010 −10,001
5.1 Main refinancing operations 160,003 −9,997
5.2 Longer-term refinancing operations 265,005 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1 −4
5.6 Credits related to margin calls 1 0
6 Other claims on euro area credit institutions denominated in euro 17,821 327
7 Securities of euro area residents denominated in euro 96,491 795
8 General government debt denominated in euro 37,110 0
9 Other assets 302,478 2,325
Total assets 1,248,472 −7,789
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 642,123 −1,380
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 191,088 −1,120
2.1 Current accounts (covering the minimum reserve system) 190,806 −1,168
2.2 Deposit facility 270 51
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 12 −3
3 Other liabilities to euro area credit institutions denominated in euro 168 −17
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 53,415 −4,874
5.1 General government 45,869 −4,978
5.2 Other liabilities 7,546 104
6 Liabilities to non-euro area residents denominated in euro 26,797 −545
7 Liabilities to euro area residents denominated in foreign currency 182 −144
8 Liabilities to non-euro area residents denominated in foreign currency 18,795 −914
8.1 Deposits, balances and other liabilities 18,795 −914
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 110,545 1,203
11 Revaluation accounts 131,060 0
12 Capital and reserves 68,901 2
Total liabilities 1,248,472 −7,789

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