Consolidated financial statement of the Eurosystem as at 2 May 2008

6 May 2008

Items not related to monetary policy operations

In the week ending 2 May 2008 gold and gold receivables (asset item 1) remained unchanged.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.1 billion to EUR 153.3 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) rose by EUR 0.7 billion to EUR 110 billion. Banknotes in circulation (liability item 1) increased by EUR 7.4 billion to EUR 671.7 billion. Liabilities to general government (liability item 5.1) decreased by EUR 25.6 billion to EUR 57.6 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 2.7 billion to EUR 464.8 billion. On Wednesday, 30 April 2008, a main refinancing operation of EUR 173 billion matured and a new one of EUR 170 billion was settled. On Friday, 2 May 2008, 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 virtually nil (which was approximately the same as in the preceding week), while recourse to the deposit facility (liability item 2.2) remained virtually unchanged at EUR 0.1 billion.

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 12.2 billion to EUR 209.1 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 209,643 0
2 Claims on non-euro area residents denominated in foreign currency 137,964 −696
2.1 Receivables from the IMF 8,733 −21
2.2 Balances with banks and security investments, external loans and other external assets 129,231 −675
3 Claims on euro area residents denominated in foreign currency 39,571 −571
4 Claims on non-euro area residents denominated in euro 16,255 365
4.1 Balances with banks, security investments and loans 16,255 365
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 465,039 −2,981
5.1 Main refinancing operations 170,000 −3,000
5.2 Longer-term refinancing operations 295,007 6
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 27 26
5.6 Credits related to margin calls 5 −13
6 Other claims on euro area credit institutions denominated in euro 32,022 −2,810
7 Securities of euro area residents denominated in euro 110,015 665
8 General government debt denominated in euro 38,009 −583
9 Other assets 351,256 526
Total assets 1,399,774 −6,085
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 671,693 7,433
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 209,303 11,939
2.1 Current accounts (covering the minimum reserve system) 209,077 12,202
2.2 Deposit facility 73 −67
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 153 −196
3 Other liabilities to euro area credit institutions denominated in euro 176 −8
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 65,129 −25,265
5.1 General government 57,564 −25,575
5.2 Other liabilities 7,565 310
6 Liabilities to non-euro area residents denominated in euro 57,862 −210
7 Liabilities to euro area residents denominated in foreign currency 1,664 776
8 Liabilities to non-euro area residents denominated in foreign currency 17,454 −1,894
8.1 Deposits, balances and other liabilities 17,454 −1,894
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,148 0
10 Other liabilities 143,293 1,143
11 Revaluation accounts 156,231 0
12 Capital and reserves 71,821 1
Total liabilities 1,399,774 −6,085

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