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Consolidated financial statement of the Eurosystem as at 23 June 2006

27 June 2006

Items not related to monetary policy operations

In the week ending 23 June 2006, the decrease of EUR 27 million in gold and gold receivables (asset item 1) reflected the selling of gold by a 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 2.4 billion to EUR 159.9 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 1.7 billion to EUR 92.1 billion. Banknotes in circulation (liability item 1) fell by EUR 1.3 billion to EUR 575.2 billion. Liabilities to general government (liability item 5.1) increased by EUR 30.8 billion to EUR 75.3 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 24 billion to EUR 435.9 billion. On Wednesday, 21 June 2006, a main refinancing operation of EUR 292 billion matured and a new one of EUR 316 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 3.3 billion to EUR 162.5 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 179,422 −27
2 Claims on non-euro area residents denominated in foreign currency 149,660 366
2.1 Receivables from the IMF 14,068 2,399
2.2 Balances with banks and security investments, external loans and other external assets 135,592 −2,033
3 Claims on euro area residents denominated in foreign currency 26,226 1,077
4 Claims on non-euro area residents denominated in euro 13,314 948
4.1 Balances with banks, security investments and loans 13,314 948
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 436,000 23,990
5.1 Main refinancing operations 315,999 23,997
5.2 Longer-term refinancing operations 120,001 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −5
5.6 Credits related to margin calls 0 −2
6 Other claims on euro area credit institutions denominated in euro 6,050 −94
7 Securities of euro area residents denominated in euro 92,147 −1,687
8 General government debt denominated in euro 40,551 0
9 Other assets 169,148 689
Total assets 1,112,518 25,262
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 575,185 −1,264
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 162,556 −3,290
2.1 Current accounts (covering the minimum reserve system) 162,500 −3,327
2.2 Deposit facility 47 31
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 9 6
3 Other liabilities to euro area credit institutions denominated in euro 89 2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 83,352 31,129
5.1 General government 75,264 30,837
5.2 Other liabilities 8,088 292
6 Liabilities to non-euro area residents denominated in euro 14,518 5
7 Liabilities to euro area residents denominated in foreign currency 127 −3
8 Liabilities to non-euro area residents denominated in foreign currency 10,001 −939
8.1 Deposits, balances and other liabilities 10,001 −939
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 65,650 −379
11 Revaluation accounts 132,437 0
12 Capital and reserves 62,778 1
Total liabilities 1,112,518 25,262
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