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PRESS RELEASE

29 August 2006 - Consolidated financial statement of the Eurosystem as at 25 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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