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Consolidated financial statement of the Eurosystem as at 12 January 2007

16 January 2007

Items not related to monetary policy operations

In the week ending 12 January 2007, the decrease of EUR 28 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) and the sale of gold coins 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) decreased by EUR 1.4 billion to EUR 147.3 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 0.4 billion to EUR 81.2 billion. Banknotes in circulation (liability item 1) decreased by EUR 8 billion to EUR 611.2 billion. Liabilities to general government (liability item 5.1) fell by EUR 0.4 billion to EUR 52.6 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 19.9 billion to EUR 428.3 billion. On Wednesday, 10 January 2007, a main refinancing operation of EUR 330.5 billion matured and a new one of EUR 310.5 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (approximately the same as in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 0.1 billion (also 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 11.8 billion to EUR 166.9 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 176,793 −28
2 Claims on non-euro area residents denominated in foreign currency 143,835 −186
2.1 Receivables from the IMF 10,695 9
2.2 Balances with banks and security investments, external loans and other external assets 133,139 −195
3 Claims on euro area residents denominated in foreign currency 23,641 1,193
4 Claims on non-euro area residents denominated in euro 12,748 329
4.1 Balances with banks, security investments and loans 12,748 329
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 430,501 −20,000
5.1 Main refinancing operations 310,500 −19,999
5.2 Longer-term refinancing operations 120,000 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1 −1
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 12,751 −134
7 Securities of euro area residents denominated in euro 81,150 427
8 General government debt denominated in euro 39,359 0
9 Other assets 217,522 2,283
Total assets 1,138,300 −16,116
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 611,242 −8,021
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 169,092 −11,773
2.1 Current accounts (covering the minimum reserve system) 166,934 −11,766
2.2 Deposit facility 60 −9
2.3 Fixed-term deposits 2,096 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 2 2
3 Other liabilities to euro area credit institutions denominated in euro 138 5
4 Debt certificates issued 44 −51
5 Liabilities to other euro area residents denominated in euro 61,146 −192
5.1 General government 52,571 −424
5.2 Other liabilities 8,575 232
6 Liabilities to non-euro area residents denominated in euro 16,450 352
7 Liabilities to euro area residents denominated in foreign currency 164 4
8 Liabilities to non-euro area residents denominated in foreign currency 14,367 2,430
8.1 Deposits, balances and other liabilities 14,367 2,430
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,611 0
10 Other liabilities 71,660 1,129
11 Revaluation accounts 121,990 0
12 Capital and reserves 66,396 1
Total liabilities 1,138,300 −16,116
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