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Consolidated financial statement of the Eurosystem as at 15 June 2007

19 June 2007

Items not related to monetary policy operations

In the week ending 15 June 2007, the decrease of EUR 25 million in gold and gold receivables (asset item 1) reflected sales 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) decreased by EUR 0.2 billion to EUR 146.2 billion.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) decreased by EUR 0.4 billion to EUR 95.8 billion. Banknotes in circulation (liability item 1) fell by EUR 1.1 billion to EUR 628.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 1 billion to EUR 41.6 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 2.9 billion to EUR 431.9 billion. On Wednesday, 13 June 2007, a main refinancing operation of EUR 279 billion matured and a new one of EUR 282 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.2 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 0.1 billion (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) increased by EUR 6.4 billion to EUR 192 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 179,911 −25
2 Claims on non-euro area residents denominated in foreign currency 144,240 373
2.1 Receivables from the IMF 10,053 −3
2.2 Balances with banks and security investments, external loans and other external assets 134,187 376
3 Claims on euro area residents denominated in foreign currency 24,557 −1,031
4 Claims on non-euro area residents denominated in euro 16,121 820
4.1 Balances with banks, security investments and loans 16,121 820
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 432,004 2,830
5.1 Main refinancing operations 282,000 3,000
5.2 Longer-term refinancing operations 150,003 1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1 −171
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 14,401 343
7 Securities of euro area residents denominated in euro 95,752 −424
8 General government debt denominated in euro 37,643 0
9 Other assets 235,631 1,028
Total assets 1,180,260 3,914
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 628,150 −1,146
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 192,101 6,390
2.1 Current accounts (covering the minimum reserve system) 191,999 6,434
2.2 Deposit facility 86 −57
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 16 13
3 Other liabilities to euro area credit institutions denominated in euro 198 −3
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 50,176 −878
5.1 General government 41,573 −1,022
5.2 Other liabilities 8,603 144
6 Liabilities to non-euro area residents denominated in euro 19,931 −309
7 Liabilities to euro area residents denominated in foreign currency 157 0
8 Liabilities to non-euro area residents denominated in foreign currency 16,816 −446
8.1 Deposits, balances and other liabilities 16,816 −446
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,578 0
10 Other liabilities 73,300 305
11 Revaluation accounts 125,521 0
12 Capital and reserves 68,332 1
Total liabilities 1,180,260 3,914
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