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Consolidated financial statement of the Eurosystem as at 2 June 2006

6 June 2006

Items not related to monetary policy operations

In the week ending 2 June 2006, the decrease of EUR 12 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 purchase 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) increased by EUR 0.1 billion to EUR 157.5 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) decreased by EUR 0.3 billion to EUR 93.3 billion. Banknotes in circulation (liability item 1) rose by EUR 5.6 billion to EUR 575.9 billion. Liabilities to general government (liability item 5.1) fell by EUR 4.6 billion to EUR 47.8 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 1 billion to EUR 410.5 billion. On Wednesday, 31 May 2006, a main refinancing operation of EUR 291.5 billion matured and a new one of EUR 290.5 billion was settled. On Thursday, 1 June 2006, a longer-term refinancing operation of EUR 40 billion matured and a new one of EUR 40 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 2.1 billion to EUR 160.4 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 179,484 −12
2 Claims on non-euro area residents denominated in foreign currency 148,030 1,031
2.1 Receivables from the IMF 11,695 −1
2.2 Balances with banks and security investments, external loans and other external assets 136,335 1,032
3 Claims on euro area residents denominated in foreign currency 26,060 711
4 Claims on non-euro area residents denominated in euro 13,517 261
4.1 Balances with banks, security investments and loans 13,517 261
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 410,505 −1,005
5.1 Main refinancing operations 290,500 −1,001
5.2 Longer-term refinancing operations 120,001 −2
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 3 3
5.6 Credits related to margin calls 1 −5
6 Other claims on euro area credit institutions denominated in euro 5,616 −161
7 Securities of euro area residents denominated in euro 93,290 −254
8 General government debt denominated in euro 40,551 −17
9 Other assets 167,433 −162
Total assets 1,084,486 392
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 575,906 5,637
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 160,404 −2,095
2.1 Current accounts (covering the minimum reserve system) 160,389 −2,081
2.2 Deposit facility 11 −10
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 4 −4
3 Other liabilities to euro area credit institutions denominated in euro 166 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 55,718 −4,228
5.1 General government 47,830 −4,557
5.2 Other liabilities 7,888 329
6 Liabilities to non-euro area residents denominated in euro 14,538 −243
7 Liabilities to euro area residents denominated in foreign currency 154 −43
8 Liabilities to non-euro area residents denominated in foreign currency 10,594 1,655
8.1 Deposits, balances and other liabilities 10,594 1,655
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,825 0
10 Other liabilities 65,940 −292
11 Revaluation accounts 132,437 0
12 Capital and reserves 62,804 1
Total liabilities 1,084,486 392
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