Consolidated financial statement of the Eurosystem as at 30 November 2007

4 December 2007

Items not related to monetary policy operations

In the week ending 30 November 2007, the decrease of EUR 34 million in gold and gold receivables (asset item 1) reflected the 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) increased by EUR 0.1 billion to EUR 142.3 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 0.6 billion to EUR 95.9 billion. Banknotes in circulation (liability item 1) rose by EUR 6.4 billion to EUR 645.7 billion. Liabilities to general government (liability item 5.1) decreased by EUR 6.3 billion to EUR 67.5 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) increased by EUR 8.8 billion to EUR 462.8 billion. On Wednesday, 28 November 2007, a main refinancing operation of EUR 169 billion matured and a new one of EUR 178 billion was settled. On Thursday, 29 November 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 0.3 billion 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) increased by EUR 8.8 billion to EUR 203.5 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 185,357 −34
2 Claims on non-euro area residents denominated in foreign currency 142,164 254
2.1 Receivables from the IMF 9,245 0
2.2 Balances with banks and security investments, external loans and other external assets 132,919 254
3 Claims on euro area residents denominated in foreign currency 25,167 976
4 Claims on non-euro area residents denominated in euro 14,504 −1,322
4.1 Balances with banks, security investments and loans 14,504 −1,322
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 463,068 8,803
5.1 Main refinancing operations 178,001 9,001
5.2 Longer-term refinancing operations 285,004 −2
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 60 −196
5.6 Credits related to margin calls 3 0
6 Other claims on euro area credit institutions denominated in euro 20,972 731
7 Securities of euro area residents denominated in euro 95,865 598
8 General government debt denominated in euro 37,103 −7
9 Other assets 313,066 1,744
Total assets 1,297,266 11,743
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 645,697 6,414
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 203,794 8,796
2.1 Current accounts (covering the minimum reserve system) 203,522 8,764
2.2 Deposit facility 267 51
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 5 −19
3 Other liabilities to euro area credit institutions denominated in euro 137 −32
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 75,096 −6,449
5.1 General government 67,529 −6,344
5.2 Other liabilities 7,567 −105
6 Liabilities to non-euro area residents denominated in euro 28,748 443
7 Liabilities to euro area residents denominated in foreign currency 240 −71
8 Liabilities to non-euro area residents denominated in foreign currency 19,443 1,175
8.1 Deposits, balances and other liabilities 19,443 1,175
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 118,744 1,464
11 Revaluation accounts 131,060 0
12 Capital and reserves 68,909 3
Total liabilities 1,297,266 11,743

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