This document is an excerpt from the EUR-Lex website
Document 32014D0056(01)
Decision (EU) 2015/297 of the European Central Bank of 15 December 2014 amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2014/56)
Decision (EU) 2015/297 of the European Central Bank of 15 December 2014 amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2014/56)
Decision (EU) 2015/297 of the European Central Bank of 15 December 2014 amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2014/56)
OJ L 53, 25.2.2015, p. 21–23
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
No longer in force, Date of end of validity: 30/12/2016; Repealed by 32016D0036(01)
25.2.2015 |
EN |
Official Journal of the European Union |
L 53/21 |
DECISION (EU) 2015/297 OF THE EUROPEAN CENTRAL BANK
of 15 December 2014
amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2014/56)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 32.2 and Article 32.7 thereof,
Whereas:
(1) |
Decision ECB/2010/23 (1) establishes a mechanism for the pooling and allocation of monetary income arising from monetary policy operations. |
(2) |
In the light of Decision ECB/2014/40 (2) and Decision ECB/2014/45 (3), the earmarkable assets need to be adjusted to take account of the amount of realised gains and losses resulting from any disposals of securities held for monetary policy purposes, for the period from the disposal until the following quarter-end. |
(3) |
In view of the fact that interest accruing on monetary policy operations the maturity of which is one year or longer is pooled before its collection at the end of the operation, an adjustment should be made to the calculation of the liability base and earmarkable assets pursuant to Annexes I and II to Decision ECB/2010/23. |
(4) |
Decision ECB/2010/23 should be amended accordingly, |
HAS ADOPTED THIS DECISION:
Article 1
Amendment
Annexes I and II to Decision ECB/2010/23 are replaced by the text set out in Annexes I and II to this Decision respectively.
Article 2
Entry into force
This Decision shall enter into force on 31 December 2014.
Done at Frankfurt am Main, 15 December 2014.
The President of the ECB
Mario DRAGHI
(1) Decision ECB/2010/23 of 25 November 2010 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (OJ L 35, 9.2.2011, p. 17).
(2) Decision ECB/2014/40 of 15 October 2014 on the implementation of the third covered bond purchase programme (OJ L 335, 22.11.2014, p. 22).
(3) Decision (EU) 2015/5 of the European Central Bank of 19 November 2014 on the implementation of the asset-backed securities purchase programme (ECB/2014/45) (OJ L 1, 6.1.2015, p. 4).
ANNEX I
‘ANNEX I
COMPOSITION OF THE LIABILITY BASE
A. |
The liability base includes, to the exclusion of any other items:
|
B. |
The amount of each NCB's liability base is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20. |
(1) Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem (OJ L 331, 14.12.2011, p. 1).’
ANNEX II
‘ANNEX II
EARMARKABLE ASSETS
A. |
Earmarkable assets include, with the exclusion of any other items:
|
B. |
The value of each NCB's earmarkable assets is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20.’ |