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Consolidated financial statement of the Eurosystem as at 17 November 2006

21 November 2006

Items not related to monetary policy operations

In the week ending 17 November 2006, the decrease of EUR 97 million in gold and gold receivables (asset item 1) reflected the selling of gold by three Eurosystem central banks (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) increased by EUR 0.3 billion to EUR 152.4 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 0.4 billion to EUR 79.4 billion. Banknotes in circulation (liability item 1) fell by EUR 1.2 billion to EUR 594.4 billion. Liabilities to general government (liability item 5.1) increased by EUR 1 billion to EUR 47.7 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 1 billion to EUR 424 billion. On Wednesday, 15 November 2006, a main refinancing operation of EUR 303 billion matured and a new one of EUR 304 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) increased by EUR 3 billion to EUR 175.6 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 174,763 −97
2 Claims on non-euro area residents denominated in foreign currency 141,038 −1,796
2.1 Receivables from the IMF 10,874 −5
2.2 Balances with banks and security investments, external loans and other external assets 130,164 −1,791
3 Claims on euro area residents denominated in foreign currency 22,547 −1,136
4 Claims on non-euro area residents denominated in euro 10,913 −305
4.1 Balances with banks, security investments and loans 10,913 −305
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 424,001 993
5.1 Main refinancing operations 303,999 996
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 0 −3
6 Other claims on euro area credit institutions denominated in euro 10,083 1,023
7 Securities of euro area residents denominated in euro 79,422 −373
8 General government debt denominated in euro 40,027 0
9 Other assets 210,442 2,095
Total assets 1,113,236 404
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 594,418 −1,229
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 175,640 2,974
2.1 Current accounts (covering the minimum reserve system) 175,611 2,967
2.2 Deposit facility 29 10
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 −3
3 Other liabilities to euro area credit institutions denominated in euro 128 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 55,867 1,068
5.1 General government 47,725 1,046
5.2 Other liabilities 8,142 22
6 Liabilities to non-euro area residents denominated in euro 16,143 −184
7 Liabilities to euro area residents denominated in foreign currency 118 17
8 Liabilities to non-euro area residents denominated in foreign currency 5,374 −3,236
8.1 Deposits, balances and other liabilities 5,374 −3,236
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,701 0
10 Other liabilities 71,542 991
11 Revaluation accounts 123,721 0
12 Capital and reserves 64,584 3
Total liabilities 1,113,236 404
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