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Consolidated financial statement of the Eurosystem as at 25 August 2006

29 August 2006

Items not related to monetary policy operations

In the week ending 25 August 2006, the decrease of EUR 17 million in gold and gold receivables (asset item 1) reflected the selling of gold by one Eurosystem central bank (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 152.3 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 0.4 billion to EUR 84.7 billion. Banknotes in circulation (liability item 1) decreased by EUR 5.8 billion to EUR 584.9 billion. Liabilities to general government (liability item 5.1) rose by EUR 17.4 billion to EUR 70.4 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) increased by EUR 6.5 billion to EUR 437.5 billion. On Wednesday, 23 August 2006, a main refinancing operation of EUR 311 billion matured and a new one of EUR 317.5 billion was settled.

Recourse to both the marginal lending facility (asset item 5.5) and the deposit facility (liability item 2.2) was virtually nil, which was approximately the same as in the previous 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 3 billion to EUR 166.1 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 175,059 −17
2 Claims on non-euro area residents denominated in foreign currency 143,525 130
2.1 Receivables from the IMF 12,695 −83
2.2 Balances with banks and security investments, external loans and other external assets 130,830 213
3 Claims on euro area residents denominated in foreign currency 24,427 −520
4 Claims on non-euro area residents denominated in euro 12,382 −682
4.1 Balances with banks, security investments and loans 12,382 −682
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 437,511 6,499
5.1 Main refinancing operations 317,500 6,498
5.2 Longer-term refinancing operations 120,002 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 0
5.6 Credits related to margin calls 9 1
6 Other claims on euro area credit institutions denominated in euro 7,552 951
7 Securities of euro area residents denominated in euro 84,738 444
8 General government debt denominated in euro 40,049 −1
9 Other assets 187,782 2,309
Total assets 1,113,025 9,113
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 584,865 −5,817
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 166,133 −3,039
2.1 Current accounts (covering the minimum reserve system) 166,099 −3,048
2.2 Deposit facility 34 9
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 0
3 Other liabilities to euro area credit institutions denominated in euro 99 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 78,439 17,334
5.1 General government 70,417 17,365
5.2 Other liabilities 8,022 −31
6 Liabilities to non-euro area residents denominated in euro 16,183 212
7 Liabilities to euro area residents denominated in foreign currency 106 1
8 Liabilities to non-euro area residents denominated in foreign currency 9,860 −414
8.1 Deposits, balances and other liabilities 9,860 −414
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,692 0
10 Other liabilities 65,258 834
11 Revaluation accounts 121,984 0
12 Capital and reserves 64,406 2
Total liabilities 1,113,025 9,113
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