Access to European Union law
<a href="https://eur-lex.europa.eu/content/help/eurlex-content/experimental-features.html" target="_blank">More about the experimental features corner</a>
Choose the experimental features you want to try
EUR-Lex
Access to European Union law

This document is an excerpt from the EUR-Lex website

You are here
Use quotation marks to search for an "exact phrase". Append an asterisk (*) to a search term to find variations of it (transp*, 32019R*). Use a question mark (?) instead of a single character in your search term to find variations of it (ca?e finds case, cane, care).
Search tips
Need more search options? Use the Advanced search

Document 32009O0018

    2009/595/EC: Guideline of the European Central Bank of 17 July 2009 amending Guideline ECB/2006/16 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2009/18)

    IO L 202, 4.8.2009, p. 65–81 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    Legal status of the document No longer in force, Date of end of validity: 30/12/2010; Arna aisghairm go hintuigthe ag 32010O0020

    ELI: http://data.europa.eu/eli/guideline/2009/595/oj

    4.8.2009   

    EN

    Official Journal of the European Union

    L 202/65

    GUIDELINE OF THE EUROPEAN CENTRAL BANK

    of 17 July 2009

    amending Guideline ECB/2006/16 on the legal framework for accounting and financial reporting in the European System of Central Banks

    (ECB/2009/18)

    (2009/595/EC)

    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 (hereinafter the Statute of the ESCB), and in particular Articles 12.1, 14.3 and 26.4 thereof,

    Having regard to the contribution of the General Council of the European Central Bank (ECB) pursuant to the second and third indents of Article 47.2 of the Statute of the ESCB,

    Whereas:

    (1)

    Guideline ECB/2009/10 of 7 May 2009 amending Guideline ECB/2000/7 on monetary policy instruments and procedures of the Eurosystem (1) allows access to Eurosystem open market operations and standing facilities by credit institutions which, in view of their specific institutional nature under Community law, are subject to scrutiny of a standard comparable to supervision by competent national authorities.

    (2)

    Decision ECB/2009/16 of 2 July 2009 on the implementation of the covered bond purchase programme (2) provides for the establishment of a programme for the purchase of covered bonds.

    (3)

    Guideline ECB/2006/16 of 10 November 2006 on the legal framework for accounting and financial reporting in the European System of Central Banks (3) needs to be amended in order to reflect these policy developments,

    HAS ADOPTED THIS GUIDELINE:

    Article 1

    Amendments

    Guideline ECB/2006/16 is amended as follows:

    1.

    In Article 1(1) the following definition is added:

    ‘(i)

    “credit institution” means either: (a) a credit institution within the meaning of Articles 2 and 4(1)(a) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (*1), as implemented in national law, that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 101(2) of the Treaty that is subject to scrutiny of a standard comparable to supervision by a competent authority.

    (*1)   OJ L 177, 30.6.2006, p. 1.’ "

    2.

    Annexes IV to VIII to Guideline ECB/2006/16 are amended in accordance with the Annex to this Guideline.

    Article 2

    Entry into force

    This Guideline shall enter into force on 1 July 2009.

    Article 3

    Addressees

    This Guideline applies to all Eurosystem central banks.

    Done at Frankfurt am Main, 17 July 2009.

    For the Governing Council of the ECB

    The President of the ECB

    Jean-Claude TRICHET

    (1)   OJ L 123, 19.5.2009, p. 99.

    (2)   OJ L 175, 4.7.2009, p. 18.

    (3)   OJ L 348, 11.12.2006, p. 1.

    ANNEX

    Annexes IV to VIII to Guideline ECB/2006/16 are amended as follows:

    1.

    The table entitled ‘Assets’ in Annex I is replaced by the following:

    ‘ASSETS

    Balance sheet item (1)

    Categorisation of contents of balance sheet items

    Valuation principle

    Scope of application (2)

    Assets

    1.

    1.

    Gold and gold receivables

    Physical gold, i.e. bars, coins, plates, nuggets in storage or “under way”. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (i) upgrading or downgrading transactions; and (ii) gold location or purity swaps where there is a difference of more than one business day between release and receipt

    Market value

    Mandatory

    2.

    2.

    Claims on non-euro area residents denominated in foreign currency

    Claims on counterparties resident outside the euro area including international and supranational institutions and central banks outside the euro area denominated in foreign currency

     

     

    2.1.

    2.1.

    Receivables from the International Monetary Fund (IMF)

    (a)

    		 Drawing rights within the reserve tranche (net)

    National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item “Liabilities to non-euro area residents denominated in euro”

    (a)

    		 Drawing rights within the reserve tranche (net)

    Nominal value, translation at the foreign exchange market rate

    Mandatory

    (b)

    		 Special drawing rights

    Holdings of special drawing rights (gross)

    (b)

    		 Special drawing rights

    Nominal value, translation at the foreign exchange market rate

    Mandatory

    (c)

    		 Other claims

    General arrangements to borrow, loans under special borrowing arrangements, deposits within the framework of the Poverty Reduction and Growth Facility

    (c)

    		 Other claims

    Nominal value, translation at the foreign exchange market rate

    Mandatory

    2.2.

    2.2.

    Balances with banks and security investments, external loans and other external assets

    (a)

    		 Balances with banks outside the euro area other than those under asset item “Other financial assets”

    Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions

    (a)

    		 Balances with banks outside the euro area

    Nominal value, translation at the foreign exchange market rate

    Mandatory

    (b)

    		 Security investments outside the euro area other than those under asset item “Other financial assets”

    Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents

    (b)(i)

    		 Marketable securities other than held-to-maturity

    Market price and foreign exchange market rate

    Any premiums or discounts are amortised

    Mandatory

    (b)(ii)

    		 Marketable securities classified as held-to-maturity

    Cost subject to impairment and foreign exchange market rate

    Any premiums or discounts are amortised

    Mandatory

    (b)(iii)

    		 Non-marketable securities

    Cost subject to impairment and foreign exchange market rate

    Any premiums or discounts are amortised

    Mandatory

    (b)(iv)

    		 Marketable equity instruments

    Market price and foreign exchange market rate

    Mandatory

    (c)

    		 External loans (deposits) outside the euro area other than those under asset item “Other financial assets”

    (c)

    		 External loans

    Deposits at nominal value translated at the foreign exchange market rate

    Mandatory

    (d)

    		 Other external assets

    Non-euro area banknotes and coins

    (d)

    		 Other external assets

    Nominal value, translation at the foreign exchange market rate

    Mandatory

    3.

    3.

    Claims on euro area residents denominated in foreign currency

    (a)

    		 Security investments inside the euro area other than those under asset item “Other financial assets”

    Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents

    (a)(i)

    		 Marketable securities other than held-to-maturity

    Market price and foreign exchange market rate

    Any premiums or discounts are amortised

    Mandatory

    (a)(ii)

    		 Marketable securities classified as held-to-maturity

    Cost subject to impairment and foreign exchange market rate

    Any premiums or discounts are amortised

    Mandatory

    (a)(iii)

    		 Non-marketable securities

    Cost subject to impairment and foreign exchange market rate

    Any premiums or discounts are amortised

    Mandatory

    (a)(iv)

    		 Marketable equity instruments

    Market price and foreign exchange market rate

    Mandatory

    (b)

    		 Other claims on euro area residents other than those under asset item “Other financial assets”

    Loans, deposits, reverse repo transactions, sundry lending

    (b)

    		 Other claims

    Deposits and other lending at nominal value, translated at the foreign exchange market rate

    Mandatory

    4.

    4.

    Claims on non-euro area residents denominated in euro

     

     

     

    4.1.

    4.1.

    Balances with banks, security investments and loans

    (a)

    		 Balances with banks outside the euro area other than those under asset item “Other financial assets”

    Current accounts, fixed-term deposits, day-to-day money. Reverse repo transactions in connection with the management of securities denominated in euro

    (a)

    		 Balances with banks outside the euro area

    Nominal value

    Mandatory

    (b)

    		 Security investments outside the euro area other than those under asset item “Other financial assets”

    Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents

    (b)(i)

    		 Marketable securities other than held-to-maturity

    Market price

    Any premiums or discounts are amortised

    Mandatory

    (b)(ii)

    		 Marketable securities classified as held-to-maturity

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    (b)(iii)

    		 Non-marketable securities

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    (b)(iv)

    		 Marketable equity instruments

    Market price

    Mandatory

    (c)

    		 Loans outside the euro area other than those under asset item “Other financial assets”

    (c)

    		 Loans outside the euro area

    Deposits at nominal value

    Mandatory

    (d)

    		 Securities other than those under asset item “Other financial assets”, issued by entities outside the euro area

    Securities issued by supranational or international organisations e.g. the European Investment Bank, irrespective of their geographical location

    (d)(i)

    		 Marketable securities other than held-to-maturity

    Market price

    Any premiums or discounts are amortised

    Mandatory

    (d)(ii)

    		 Marketable securities classified as held-to-maturity

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    (d)(iii)

    		 Non-marketable securities

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    4.2.

    4.2.

    Claims arising from the credit facility under ERM II

    Lending according to the ERM II conditions

    Nominal value

    Mandatory

    5.

    5.

    Lending to euro area credit institutions related to monetary policy operations denominated in euro

    Items 5.1 to 5.5: transactions according to the respective monetary policy instruments described in Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem (3)

     

     

    5.1.

    5.1.

    Main refinancing operations

    Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of one week

    Nominal value or repo cost

    Mandatory

    5.2.

    5.2.

    Longer-term refinancing operations

    Regular liquidity-providing reverse transactions with a monthly frequency and normally a maturity of three months

    Nominal value or repo cost

    Mandatory

    5.3.

    5.3.

    Fine-tuning reverse operations

    Reverse transactions, executed as ad hoc transactions for fine-tuning purposes

    Nominal value or repo cost

    Mandatory

    5.4.

    5.4.

    Structural reverse operations

    Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector

    Nominal value or repo cost

    Mandatory

    5.5.

    5.5.

    Marginal lending facility

    Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility)

    Nominal value or repo cost

    Mandatory

    5.6.

    5.6.

    Credits related to margin calls

    Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions

    Nominal value or cost

    Mandatory

    6.

    6.

    Other claims on euro area credit institutions denominated in euro

    Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item “Securities of euro area residents denominated in euro”, including transactions resulting from the transformation of former foreign currency reserves of the euro area and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem. Any claims stemming from monetary policy operations initiated by an NCB prior to joining the Eurosystem

    Nominal value or cost

    Mandatory

    7.

    7.

    Securities of euro area residents denominated in euro

     

     

     

    7.1.

    7.1.

    Securities held for monetary policy purposes

    Securities issued in the euro area held for monetary policy purposes. ECB debt certificates purchased for fine-tuning purposes

    (i)

    		 Marketable securities other than held-to-maturity

    Market price

    Any premiums or discounts are amortised

    Mandatory

    (ii)

    		 Marketable securities classified as held-to-maturity

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    (iii)

    		 Non-marketable securities

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    7.2.

    7.2.

    Other securities

    Securities other than those under asset item 7.1 “Securities held for monetary policy purposes” and under asset item 11.3 “Other financial assets”; notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before EMU, denominated in euro. Equity instruments

    (i)

    		 Marketable securities other than held-to-maturity

    Market price

    Any premiums or discounts are amortised

    Mandatory

    (ii)

    		 Marketable securities classified as held-to-maturity

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    (iii)

    		 Non-marketable securities

    Cost subject to impairment

    Any premiums or discounts are amortised

    Mandatory

    (iv)

    		 Marketable equity instruments

    Market price

    Mandatory

    8.

    8.

    General government debt denominated in euro

    Claims on government stemming from before EMU (non-marketable securities, loans)

    Deposits/loans at nominal value, non-marketable securities at cost

    Mandatory

    —

    9.

    Intra-Eurosystem claims (+)

     

     

     

    —

    9.1.

    Participating interest in ECB (+)

    Only an NCB balance sheet item

    The ECB capital share of each NCB according to the Treaty and the respective capital key and contributions according to Article 49.2 of the Statute of the ESCB

    Cost

    Mandatory

    —

    9.2.

    Claims equivalent to the transfer of foreign reserves (+)

    Only an NCB balance sheet item

    Euro-denominated claims on the ECB in respect of initial and additional transfers of foreign reserves under the Treaty provisions

    Nominal value

    Mandatory

    —

    9.3.

    Claims related to promissory notes backing the issuance of ECB debt certificates (+)

    Only an ECB balance sheet item.

    Promissory notes issued by NCBs, due to the back-to-back agreement in connection with ECB debt certificates

    Nominal value

    Mandatory

    —

    9.4.

    Net claims related to the allocation of euro banknotes within the Eurosystem (+) (*1)

    For the NCBs: net claim related to the application of the banknote allocation key i.e. including the ECB’s banknote issue related intra-Eurosystem balances, the compensatory amount and its balancing accounting entry as defined by Decision ECB/2001/16 of 6 December 2001 on the allocation of monetary income of the national central banks of participating Member States from the financial year 2002 (4)

    For the ECB: claims related to the ECB’s banknote issue, according to Decision ECB/2001/15

    Nominal value

    Mandatory

    —

    9.5.

    Other claims within the Eurosystem (net) (+)

    Net position of the following sub-items:

     

     

    (a)

    net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs i.e. the net figure of claims and liabilities — see also liability item “Other liabilities within the Eurosystem (net)”

    (a)

    Nominal value

    Mandatory

    (b)

    claim due to the difference between monetary income to be pooled and redistributed. Only relevant for the period between booking of monetary income as part of the year-end procedures, and its settlement on the last working day in January each year

    (b)

    Nominal value

    Mandatory

    (c)

    other intra-Eurosystem claims that may arise, including the interim distribution of ECB income on euro banknotes to NCBs (*1)

    (c)

    Nominal value

    Mandatory

    9.

    10.

    Items in the course of settlement

    Settlement account balances (claims), including the float of cheques in collection

    Nominal value

    Mandatory

    9.

    11.

    Other assets

     

     

     

    9.

    11.1.

    Coins of euro area

    Euro coins if an NCB is not the legal issuer

    Nominal value

    Mandatory

    9.

    11.2.

    Tangible and intangible fixed assets

    Land and buildings, furniture and equipment including computer equipment, software

    Cost less depreciation

    Depreciation rates:

    —

    computers and related hardware/software and motor vehicles:

    4 years

    —

    equipment, furniture and plant in building:

    10 years

    —

    building and capitalised major refurbishment expenditure:

    25 years

    Capitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation)

    Recommended

    9.

    11.3.

    Other financial assets

    —

    Participating interests and investments in subsidiaries; equities held for strategic/policy reasons

    —

    Securities, including equities, and other financial instruments and balances (e.g. fixed term deposits and current accounts), held as an earmarked portfolio

    —

    Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item

    (a)

    		 Marketable equity instruments

    Market price

    Recommended

    (b)

    		 Participating interests and illiquid equity shares, and any other equity instruments held as permanent investments

    Cost subject to impairment

    Recommended

    (c)

    		 Investment in subsidiaries or significant interests

    Net asset value

    Recommended

    (d)

    		 Marketable securities other than held to maturity

    Market price

    Any premiums or discounts are amortised

    Recommended

    (e)

    		 Marketable securities classified as held-to maturity or held as a permanent investment

    Cost subject to impairment

    Any premiums or discounts are amortised

    Recommended

    (f)

    		 Non-marketable securities

    Cost subject to impairment

    Any premiums or discounts are amortised

    Recommended

    (g)

    		 Balances with banks and loans

    Nominal value, translated at the foreign exchange market rate if the balances or deposits are denominated in foreign currencies

    Recommended

    9.

    11.4.

    Off-balance sheet instruments revaluation differences

    Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date

    Net position between forward and spot, at the foreign exchange market rate

    Mandatory

    9.

    11.5.

    Accruals and prepaid expenditure

    Income not due in, but assignable to the reported period. Prepaid expenditure and accrued interest paid (i.e. accrued interest purchased with a security)

    Nominal value, foreign exchange translated at market rate

    Mandatory

    9.

    11.6.

    Sundry

    Advances, loans and other minor items. Revaluation suspense accounts (only balance sheet item during the year: unrealised losses at revaluation dates during the year, which are not covered by the respective revaluation accounts under the liability item “Revaluation accounts”). Loans on a trust basis. Investments related to customer gold deposits. Coins denominated in national euro area currency units. Current expense (net accumulated loss), loss of the previous year before coverage. Net pension assets

    Nominal value or cost

    Recommended

    Revaluation suspense accounts

    Revaluation difference between average cost and market value, foreign exchange translated at market rate

    Revaluation suspense accounts: mandatory

    Investments related to customer gold deposits

    Market value

    Investments related to customer gold deposits: mandatory

    —

    12.

    Loss for the year

     

    Nominal value

    Mandatory

    2.

    The table entitled ‘Consolidated weekly financial statement of the Eurosystem: format to be used for publication after quarter-end’ in Annex V shall be replaced by the following:

    ‘Consolidated weekly financial statement of the Eurosystem: format to be used for publication after quarter-end

    (EUR million)

    Assets (5)

    Balance as at …

    Difference compared to last week due to

    Liabilities

    Balance as at …

    Difference compared to last week due to

    transactions

    quarter-end adjustments

    transactions

    quarterly-end adjustments

    1.

    Gold and gold receivables

    2.

    Claims on non-euro area residents denominated in foreign currency

    2.1.

    Receivables from the IMF

    2.2.

    Balances with banks and security investments, external loans and other external assets

    3.

    Claims on euro area residents denominated in foreign currency

    4.

    Claims on non-euro area residents denominated in euro

    4.1.

    Balances with banks, security investments and loans

    4.2.

    Claims arising from the credit facility under ERM II

    5.

    Lending to euro area credit institutions related to monetary policy operations denominated in euro

    5.1.

    Main refinancing operations

    5.2.

    Longer-term refinancing operations

    5.3.

    Fine-tuning reverse operations

    5.4.

    Structural reverse operations

    5.5.

    Marginal lending facility

    5.6.

    Credits related to margin calls

    6.

    Other claims on euro area credit institutions denominated in euro

    7.

    Securities of euro area residents denominated in euro

    7.1.

    Securities held for monetary policy purposes

    7.2.

    Other securities

    8.

    General government debt denominated in euro

    9.

    Other assets

     

     

     

    1.

    Banknotes in circulation

    2.

    Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

    2.1.

    Current accounts (covering the minimum reserve system)

    2.2.

    Deposit facility

    2.3.

    Fixed-term deposits

    2.4.

    Fine-tuning reverse operations

    2.5.

    Deposits related to margin calls

    3.

    Other liabilities to euro area credit institutions denominated in euro

    4.

    Debt certificates issued

    5.

    Liabilities to other euro area residents denominated in euro

    5.1.

    General government

    5.2.

    Other liabilities

    6.

    Liabilities to non-euro area residents denominated in euro

    7.

    Liabilities to euro area residents denominated in foreign currency

    8.

    Liabilities to non-euro area residents denominated in foreign currency

    8.1.

    Deposits, balances and other liabilities

    8.2.

    Liabilities arising from the credit facility under ERM II

    9.

    Counterpart of special drawing rights allocated by the IMF

    10.

    Other liabilities

    11.

    Revaluation accounts

    12.

    Capital and reserves

     

     

     

    Total assets

     

     

     

    Total liabilities

     

     

     

    Totals/sub-totals may not add up, due to rounding.

    3.

    The table entitled ‘Consolidated weekly financial statement of the Eurosystem: format to be used for publication during the quarter’ in Annex VI is replaced by the following:

    ‘Consolidated weekly financial statement of the Eurosystem: format to be used for publication during the quarter

    (EUR million)

    Assets (6)

    Balance as at …

    Difference compared to last week due to

    Liabilities

    Balance as at …

    Difference compared to last week due to

    1.

    Gold and gold receivables

    2.

    Claims on non-euro area residents denominated in foreign currency

    2.1.

    Receivables from the IMF

    2.2.

    Balances with banks and security investments, external loans and other external assets

    3.

    Claims on euro area residents denominated in foreign currency

    4.

    Claims on non-euro area residents denominated in euro

    4.1.

    Balances with banks, security investments and loans

    4.2.

    Claims arising from the credit facility under ERM II

    5.

    Lending to euro area credit institutions related to monetary policy operations denominated in euro

    5.1.

    Main refinancing operations

    5.2.

    Longer-term refinancing operations

    5.3.

    Fine-tuning reverse operations

    5.4.

    Structural reverse operations

    5.5.

    Marginal lending facility

    5.6.

    Credits related to margin calls

    6.

    Other claims on euro area credit institutions denominated in euro

    7.

    Securities of euro area residents denominated in euro

    7.1.

    Securities held for monetary policy purposes

    7.2.

    Other securities

    8.

    General government debt denominated in euro

    9.

    Other assets

     

     

    1.

    Banknotes in circulation

    2.

    Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

    2.1.

    Current accounts (covering the minimum reserve system)

    2.2.

    Deposit facility

    2.3.

    Fixed-term deposits

    2.4.

    Fine-tuning reverse operations

    2.5.

    Deposits related to margin calls

    3.

    Other liabilities to euro area credit institutions denominated in euro

    4.

    Debt certificates issued

    5.

    Liabilities to other euro area residents denominated in euro

    5.1.

    General government

    5.2.

    Other liabilities

    6.

    Liabilities to non-euro area residents denominated in euro

    7.

    Liabilities to euro area residents denominated in foreign currency

    8.

    Liabilities to non-euro area residents denominated in foreign currency

    8.1.

    Deposits, balances and other liabilities

    8.2.

    Liabilities arising from the credit facility under ERM II

    9.

    Counterpart of special drawing rights allocated by the IMF

    10.

    Other liabilities

    11.

    Revaluation accounts

    12.

    Capital and reserves

     

     

    Total assets

     

     

    Total liabilities

     

     

    Totals/sub-totals may not add up, due to rounding.

    4.

    The table entitled ‘Consolidated annual balance sheet of the Eurosystem’ in Annex VII is replaced by the following:

    ‘Consolidated annual balance sheet of the Eurosystem

    (EUR million)

    Assets (7)

    Reporting year

    Previous year

    Liabilities

    Reporting year

    Previous year

    1.

    Gold and gold receivables

    2.

    Claims on non-euro area residents denominated in foreign currency

    2.1.

    Receivables from the IMF

    2.2.

    Balances with banks and security investments, external loans and other external assets

    3.

    Claims on euro area residents denominated in foreign currency

    4.

    Claims on non-euro area residents denominated in euro

    4.1.

    Balances with banks, security investments and loans

    4.2.

    Claims arising from the credit facility under ERM II

    5.

    Lending to euro area credit institutions related to monetary policy operations denominated in euro

    5.1.

    Main refinancing operations

    5.2.

    Longer-term refinancing operations

    5.3.

    Fine-tuning reverse operations

    5.4.

    Structural reverse operations

    5.5.

    Marginal lending facility

    5.6.

    Credits related to margin calls

    6.

    Other claims on euro area credit institutions denominated in euro

    7.

    Securities of euro area residents denominated in euro

    7.1.

    Securities held for monetary policy purposes

    7.2.

    Other securities

    8.

    General government debt denominated in euro

    9.

    Other assets

     

     

    1.

    Banknotes in circulation

    2.

    Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

    2.1.

    Current accounts (covering the minimum reserve system)

    2.2.

    Deposit facility

    2.3.

    Fixed-term deposits

    2.4.

    Fine-tuning reverse operations

    2.5.

    Deposits related to margin calls

    3.

    Other liabilities to euro area credit institutions denominated in euro

    4.

    Debt certificates issued

    5.

    Liabilities to other euro area residents denominated in euro

    5.1.

    General government

    5.2.

    Other liabilities

    6.

    Liabilities to non-euro area residents denominated in euro

    7.

    Liabilities to euro area residents denominated in foreign currency

    8.

    Liabilities to non-euro area residents denominated in foreign currency

    8.1.

    Deposits, balances and other liabilities

    8.2.

    Liabilities arising from the credit facility under ERM II

    9.

    Counterpart of special drawing rights allocated by the IMF

    10.

    Other liabilities

    11.

    Revaluation accounts

    12.

    Capital and reserves

     

     

    Total assets

     

     

    Total liabilities

     

     

    Totals/sub-totals may not add up, due to rounding.

    5.

    The table entitled ‘Annual balance sheet of a central bank’ in Annex VIII is replaced by the following:

    ‘Annual balance sheet of a central bank  (8)

    (EUR million)

    Assets (10)

    Reporting year

    Previous year

    Liabilities

    Reporting year

    Previous year

    1.

    Gold and gold receivables

    2.

    Claims on non-euro area residents denominated in foreign currency

    2.1.

    Receivables from the IMF

    2.2.

    Balances with banks and security investments, external loans and other external assets

    3.

    Claims on euro area residents denominated in foreign currency

    4.

    Claims on non-euro area residents denominated in euro

    4.1.

    Balances with banks, security investments and loans

    4.2.

    Claims arising from the credit facility under ERM II

    5.

    Lending to euro area credit institutions related to monetary policy operations denominated in euro

    5.1.

    Main refinancing operations

    5.2.

    Longer-term refinancing operations

    5.3.

    Fine-tuning reverse operations

    5.4.

    Structural reverse operations

    5.5.

    Marginal lending facility

    5.6.

    Credits related to margin calls

    6.

    Other claims on euro area credit institutions denominated in euro

    7.

    Securities of euro area residents denominated in euro

    7.1.

    Securities held for monetary policy purposes

    7.2.

    Other securities

    8.

    General government debt denominated in euro

    9.

    Intra-Eurosystem claims

    9.1.

    Participating interest in ECB

    9.2.

    Claims equivalent to the transfer of foreign reserves

    9.3.

    Claims related to promissory notes backing the issuance of ECB debt certificates

    9.4.

    Net claims related to the allocation of euro banknotes within the Eurosystem (*)

    9.5.

    Other claims within the Eurosystem (net) (*)

    10.

    Items in course of settlement

    11.

    Other assets

    11.1.

    Coins of euro area

    11.2.

    Tangible and intangible fixed assets

    11.3.

    Other financial assets

    11.4.

    Off-balance sheet instruments revaluation differences

    11.5.

    Accruals and prepaid expenses (*)

    11.6.

    Sundry

    12.

    Loss for the year

     

     

    1.

    Banknotes in circulation (*)

    2.

    Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

    2.1.

    Current accounts (covering the minimum reserve system)

    2.2.

    Deposit facility

    2.3.

    Fixed-term deposits

    2.4.

    Fine-tuning reverse operations

    2.5.

    Deposits related to margin calls

    3.

    Other liabilities to euro area credit institutions denominated in euro

    4.

    Debt certificates issued

    5.

    Liabilities to other euro area residents denominated in euro

    5.1.

    General government

    5.2.

    Other liabilities

    6.

    Liabilities to non-euro area residents denominated in euro

    7.

    Liabilities to euro area residents denominated in foreign currency

    8.

    Liabilities to non-euro area residents denominated in foreign currency

    8.1.

    Deposits, balances and other liabilities

    8.2.

    Liabilities arising from the credit facility under ERM II

    9.

    Counterpart of special drawing rights allocated by the IMF

    10.

    Other liabilities

    10.1.

    Liabilities equivalent to the transfer of foreign reserves

    10.2.

    Liabilities related to promissory notes backing the issuance of ECB debt certificates

    10.3.

    Net liabilities related to the allocation of euro banknotes within the Eurosystem (*)

    10.4.

    Other liabilities within the Eurosystem (net) (*)

    11.

    Items in course of settlement

    12.

    Other liabilities

    12.1.

    Off-balance sheet instruments revaluation differences

    12.2.

    Accruals and income collected in advance (*)

    12.3.

    Sundry

    13.

    Provisions

    14.

    Revaluation accounts

    15.

    Capital and reserves

    15.1.

    Capital

    15.2.

    Reserves

    16.

    Profit for the year

     

     

    Total assets

     

     

    Total liabilities

     

     

    Totals/sub-totals may not add up, due to rounding.

    (*1)  Item to be harmonised. See recital 4 of this Guideline.

    (1)  The numbering in the first column relates to the balance sheet formats given in Annexes V, VI and VII (weekly financial statements and consolidated annual balance sheet of the Eurosystem). The numbering in the second column relates to the balance sheet format given in Annex VIII (annual balance sheet of a central bank). The items marked with a “(+)” are consolidated in the Eurosystem’s weekly financial statements.

    (2)  The composition and valuation rules listed in this Annex are considered mandatory for the ECB’s accounts and for all material assets and liabilities in NCBs' accounts for Eurosystem purposes, i.e. material to the Eurosystem’s operation.

    (3)   OJ L 310, 11.12.2000, p. 1.

    (4)   OJ L 337, 20.12.2001, p. 55.’

    (5)  The table of assets may also be published above the table of liabilities.’

    (6)  The table of assets may also be published above the table of liabilities.’

    (7)  The table of assets may also be published above the table of liabilities.’

    (8)  The disclosure relating to euro banknotes in circulation, remuneration of net intra-Eurosystem claims/liabilities resulting from the allocation of euro banknotes within the Eurosystem, and monetary income should be harmonised in NCBs' published annual financial statements. The items to be harmonised are indicated with an asterisk in Annexes IV, VIII and IX.

    (9)  Central banks may alternatively publish exact euro amounts, or amounts rounded in a different manner.

    (10)  The table of assets may also be published above the table of liabilities.’

    Top