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Consolidated financial statement of the Eurosystem as at 24 November 2006

28 November 2006

Items not related to monetary policy operations

In the week ending 24 November 2006, the decrease of EUR 106 million in gold and gold receivables (asset item 1) reflected the selling of gold by three 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 152.3 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 0.5 billion to EUR 79 billion. Banknotes in circulation (liability item 1) fell by EUR 0.8 billion to EUR 593.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 22.9 billion to EUR 70.6 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) increased by EUR 17.5 billion to EUR 441.5 billion. On Wednesday, 22 November 2006, a main refinancing operation of EUR 304 billion matured and a new one of EUR 321.5 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 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 4.8 billion to EUR 170.8 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 174,657 −106
2 Claims on non-euro area residents denominated in foreign currency 142,241 1,203
2.1 Receivables from the IMF 10,874 0
2.2 Balances with banks and security investments, external loans and other external assets 131,367 1,203
3 Claims on euro area residents denominated in foreign currency 22,846 299
4 Claims on non-euro area residents denominated in euro 11,462 549
4.1 Balances with banks, security investments and loans 11,462 549
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 441,532 17,531
5.1 Main refinancing operations 321,501 17,502
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 23 23
5.6 Credits related to margin calls 6 6
6 Other claims on euro area credit institutions denominated in euro 9,353 −730
7 Securities of euro area residents denominated in euro 78,953 −469
8 General government debt denominated in euro 40,027 0
9 Other assets 212,243 1,801
Total assets 1,133,314 20,078
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 593,657 −761
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 170,843 −4,797
2.1 Current accounts (covering the minimum reserve system) 170,831 −4,780
2.2 Deposit facility 12 −17
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 128 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 78,971 23,104
5.1 General government 70,611 22,886
5.2 Other liabilities 8,360 218
6 Liabilities to non-euro area residents denominated in euro 16,332 189
7 Liabilities to euro area residents denominated in foreign currency 104 −14
8 Liabilities to non-euro area residents denominated in foreign currency 6,940 1,566
8.1 Deposits, balances and other liabilities 6,940 1,566
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,701 0
10 Other liabilities 72,331 789
11 Revaluation accounts 123,721 0
12 Capital and reserves 64,586 2
Total liabilities 1,133,314 20,078
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