2 MONEY, BANKING AND INVESTMENT FUNDS 2.1 Aggregated balance sheet of euro area MFIs 1) (EUR billions; outstanding amounts at end of period) 1. Assets Total Loans to euro area residents Holdings of securities other than Money Holdings External Fixed Remaining shares issued by euro area residents market of shares/ assets assets assets fund other equity Total General Other MFIs Total General Other MFIs shares/ issued by government euro area government euro area units 2) euro area residents residents residents 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Eurosystem 2005 1,404.9 635.5 20.7 0.6 614.2 185.7 165.6 2.1 18.1 - 14.8 337.0 14.7 217.2 2006 1,558.2 695.7 19.7 0.6 675.3 217.0 187.5 2.5 27.0 - 17.2 351.4 14.7 262.4 2007 Q1 1,576.7 693.3 19.7 0.6 673.0 238.0 205.5 2.1 30.4 - 17.4 359.6 14.8 253.6 Q2 1,651.5 751.5 17.7 0.6 733.1 249.8 213.2 2.2 34.3 - 17.8 354.1 15.4 263.0 Q3 1,707.3 753.5 17.8 0.6 735.1 259.5 219.3 2.2 38.0 - 17.7 368.8 15.6 292.3 2007 Oct. 1,781.8 800.2 17.8 0.6 781.8 262.3 220.4 2.2 39.8 - 17.9 378.1 15.6 307.6 Nov. 1,805.1 814.3 17.8 0.6 795.9 266.9 223.3 2.1 41.6 - 17.6 367.9 15.6 322.8 Dec. 2,046.1 1,031.7 17.8 0.6 1,013.3 268.6 225.1 1.9 41.6 - 17.4 373.7 15.2 339.6 <strong>2008</strong> Jan. 1,934.2 886.8 19.4 0.7 866.7 273.5 230.2 2.0 41.3 - 16.3 401.3 15.4 341.1 Feb. (p) 1,954.2 901.3 19.4 0.7 881.2 277.3 233.6 2.2 41.5 - 16.6 400.4 15.3 343.3 MFIs excluding the Eurosystem 2005 23,631.5 13,681.7 826.9 8,285.1 4,569.7 3,498.6 1,429.4 551.5 1,517.7 83.1 1,008.7 3,652.8 165.7 1,540.9 2006 25,974.6 14,904.3 810.5 9,160.3 4,933.5 3,555.4 1,276.5 645.9 1,632.9 83.5 1,194.5 4,330.4 172.6 1,733.9 2007 Q1 27,107.8 15,340.0 801.4 9,441.0 5,097.6 3,661.0 1,282.2 685.8 1,693.0 92.4 1,244.5 4,684.7 195.1 1,890.1 Q2 28,066.3 15,775.4 798.2 9,712.6 5,264.5 3,759.6 1,281.6 761.5 1,716.4 96.6 1,273.9 4,888.4 201.7 2,070.9 Q3 28,476.3 16,172.0 793.0 9,948.6 5,430.4 3,748.7 1,215.1 805.1 1,728.5 95.9 1,257.2 4,878.5 203.1 2,120.9 2007 Oct. 29,163.6 16,554.4 944.0 10,027.4 5,583.0 3,833.7 1,214.0 878.2 1,741.4 98.6 1,307.9 4,987.6 216.6 2,164.9 Nov. 29,442.5 16,723.6 944.9 10,110.1 5,668.6 3,850.9 1,212.2 892.6 1,746.0 99.2 1,296.4 5,023.4 215.4 2,233.6 Dec. 29,397.0 16,887.0 956.1 10,154.1 5,776.9 3,882.8 1,194.2 951.9 1,736.6 93.3 1,311.4 4,874.7 206.8 2,141.0 <strong>2008</strong> Jan. 30,047.1 17,109.1 961.0 10,295.7 5,852.3 3,974.3 1,219.9 962.3 1,792.1 98.1 1,315.3 5,091.4 206.3 2,252.7 Feb. (p) 30,207.3 17,141.2 953.2 10,351.9 5,836.0 4,023.2 1,216.8 981.2 1,825.1 102.7 1,302.6 5,133.4 201.3 2,302.9 2. Liabilities Total Currency Deposits of euro area residents Money Debt Capital External Remaining in market securities and liabilities liabilities circulation Total <strong>Central</strong> Other general MFIs fund issued 4) reserves government government/ shares/ other euro units 3) area residents 1 2 3 4 5 6 7 8 9 10 11 Eurosystem 2005 1,404.9 582.7 385.4 24.4 14.5 346.5 - 0.1 202.9 27.6 206.2 2006 1,558.2 647.0 431.6 33.7 15.9 382.0 - 0.1 208.6 35.3 235.6 2007 Q1 1,576.7 632.7 455.6 44.8 17.5 393.3 - 0.3 216.3 39.5 232.4 Q2 1,651.5 652.6 495.2 51.2 23.3 420.7 - 0.1 207.0 51.0 245.6 Q3 1,707.3 657.2 510.7 51.7 19.1 439.9 - 0.1 222.6 48.3 268.4 2007 Oct. 1,781.8 661.9 561.6 54.9 22.9 483.8 - 0.1 228.7 51.8 277.7 Nov. 1,805.1 665.5 570.0 48.2 24.1 497.7 - 0.1 226.0 53.9 289.6 Dec. 2,046.1 697.0 714.7 23.9 19.1 671.8 - 0.1 238.0 66.0 330.3 <strong>2008</strong> Jan. 1,934.2 671.3 626.6 54.6 21.0 551.1 - 0.1 254.5 72.9 308.9 Feb. (p) 1,954.2 674.2 650.5 48.1 23.3 579.0 - 0.1 259.2 58.3 311.9 MFIs excluding the Eurosystem 2005 23,631.5 - 12,212.2 149.2 7,211.9 4,851.2 698.9 3,858.3 1,310.6 3,518.0 2,033.5 2006 25,974.6 - 13,257.2 124.2 7,890.6 5,242.4 698.3 4,247.6 1,449.7 3,991.1 2,330.6 2007 Q1 27,107.8 - 13,595.8 139.0 8,060.9 5,395.9 758.7 4,424.8 1,529.7 4,255.7 2,543.1 Q2 28,066.3 - 14,021.0 169.8 8,278.3 5,572.9 795.6 4,523.4 1,551.2 4,451.8 2,723.2 Q3 28,476.3 - 14,250.3 144.3 8,408.9 5,697.1 778.4 4,577.2 1,589.5 4,525.8 2,755.1 2007 Oct. 29,163.6 - 14,624.8 129.4 8,631.1 5,864.2 782.9 4,648.2 1,643.3 4,630.9 2,833.6 Nov. 29,442.5 - 14,803.3 151.6 8,692.3 5,959.4 796.2 4,649.5 1,641.0 4,641.2 2,911.3 Dec. 29,397.0 - 15,076.7 128.4 8,859.9 6,088.4 754.1 4,643.5 1,678.2 4,529.3 2,715.3 <strong>2008</strong> Jan. 30,047.1 - 15,182.1 114.2 8,925.7 6,142.1 835.5 4,684.7 1,698.7 4,795.1 2,851.0 Feb. (p) 30,207.3 - 15,214.8 137.8 8,939.8 6,137.2 853.1 4,682.7 1,702.8 4,862.0 2,891.9 Source: ECB. 1) Data refer to the changing composition of the euro area. For further information, see the General notes. 2) Amounts issued by euro area residents. Amounts issued by non-euro area residents are included in external assets. 3) Amounts held by euro area residents. 4) Amounts issued with maturity up to two years held by non-euro area residents are included in external liabilities. S 10 ECB <strong>Monthly</strong> <strong>Bulletin</strong> <strong>April</strong> <strong>2008</strong>
EURO AREA STATISTICS Money, banking and investment funds 2.2 Consolidated balance sheet of euro area MFIs 1) (EUR billions; outstanding amounts at end of period; transactions during period) 1. Assets Total Loans to euro area residents Holdings of securities other than shares Holdings External Fixed Remaining issued by euro area residents of shares/ assets assets assets other equity Total General Other Total General Other issued by government euro area government euro area other euro area residents residents residents 1 2 3 4 5 6 7 8 9 10 11 Outstanding amounts 2005 17,870.7 9,133.3 847.5 8,285.7 2,148.5 1,595.0 553.6 710.5 3,989.7 180.4 1,708.2 2006 19,743.9 9,991.1 830.2 9,161.0 2,112.4 1,464.0 648.4 829.9 4,681.8 187.3 1,941.4 2007 Q1 20,649.7 10,262.7 821.1 9,441.6 2,175.6 1,487.7 687.9 857.6 5,044.2 209.9 2,099.5 Q2 21,413.8 10,529.2 816.0 9,713.2 2,258.6 1,494.9 763.7 880.3 5,242.5 217.1 2,286.1 Q3 21,691.8 10,760.0 810.8 9,949.2 2,241.7 1,434.4 807.3 857.8 5,247.2 218.7 2,366.4 2007 Oct. 22,241.4 10,989.8 961.8 10,028.0 2,314.8 1,434.4 880.4 914.8 5,365.6 232.2 2,424.1 Nov. 22,440.7 11,073.4 962.6 10,110.7 2,330.2 1,435.5 894.7 905.5 5,391.3 231.0 2,509.5 Dec. 22,300.0 11,128.6 973.9 10,154.7 2,373.2 1,419.3 953.9 906.0 5,248.4 221.9 2,422.0 <strong>2008</strong> Jan. 22,850.8 11,276.8 980.5 10,296.4 2,414.4 1,450.1 964.3 899.6 5,492.6 221.7 2,545.6 Feb. (p) 22,988.2 11,325.2 972.7 10,352.6 2,433.9 1,450.4 983.4 878.1 5,533.8 216.6 2,600.5 Transactions 2005 1,608.0 708.9 12.8 696.0 156.2 76.2 80.0 53.2 448.0 1.4 240.4 2006 1,998.4 877.3 -14.4 891.6 10.7 -96.8 107.5 98.5 802.0 6.4 203.5 2007 Q1 884.2 254.0 -8.2 262.2 63.0 19.0 44.1 20.8 394.1 0.5 151.8 Q2 787.7 282.0 -5.4 287.4 84.6 11.0 73.7 16.7 221.8 3.2 179.4 Q3 378.5 246.3 -5.1 251.4 -15.3 -61.5 46.2 -18.0 84.7 1.6 79.1 2007 Oct. 369.7 77.4 -3.2 80.6 46.5 6.7 39.9 48.4 150.0 4.8 42.6 Nov. 260.6 88.0 0.9 87.1 14.6 -0.7 15.3 -5.8 80.4 -1.3 84.7 Dec. -135.2 62.7 11.2 51.5 45.4 -13.2 58.6 -3.1 -137.7 -8.8 -93.7 <strong>2008</strong> Jan. 474.3 95.3 3.6 91.7 20.1 13.1 7.0 10.7 239.2 -1.5 110.5 Feb. (p) 187.9 53.8 -7.7 61.6 20.9 0.4 20.4 -21.3 86.9 -5.0 52.6 2. Liabilities Total Currency in Deposits of Deposits of Money market Debt Capital External Remaining Excess circulation central other general fund shares/ securities and liabilities liabilities of intergovernment government/ units 2) issued 3) reserves MFI other euro area liabilities residents 1 2 3 4 5 6 7 8 9 10 Outstanding amounts 2005 17,870.7 532.8 173.6 7,226.4 615.8 2,322.6 1,200.6 3,545.6 2,239.7 13.7 2006 19,743.9 592.2 158.0 7,906.5 614.7 2,587.8 1,276.5 4,026.5 2,566.2 15.6 2007 Q1 20,649.7 588.4 183.8 8,078.4 666.3 2,701.6 1,341.8 4,295.3 2,775.4 18.7 Q2 21,413.8 604.9 221.0 8,301.6 699.0 2,772.8 1,346.8 4,502.8 2,968.8 -4.0 Q3 21,691.8 610.4 196.0 8,428.0 682.5 2,810.8 1,395.1 4,574.1 3,023.4 -28.6 2007 Oct. 22,241.4 613.5 184.3 8,654.0 684.2 2,867.0 1,461.1 4,682.7 3,111.3 -16.7 Nov. 22,440.7 618.6 199.8 8,716.4 696.9 2,862.0 1,458.5 4,695.1 3,200.9 -7.5 Dec. 22,300.0 638.5 152.3 8,879.0 660.7 2,865.4 1,493.3 4,595.2 3,045.6 -30.1 <strong>2008</strong> Jan. 22,850.8 623.1 168.8 8,946.7 737.3 2,851.5 1,521.3 4,868.0 3,159.8 -25.8 Feb. (p) 22,988.2 628.4 185.9 8,963.1 750.4 2,816.2 1,521.1 4,920.2 3,203.8 -1.0 Transactions 2005 1,608.0 64.4 10.9 495.7 -3.1 213.5 95.5 448.0 333.9 -50.8 2006 1,998.4 59.4 -15.2 683.7 27.6 285.5 57.2 601.6 253.3 45.3 2007 Q1 884.2 -4.2 24.8 157.1 53.9 117.6 38.9 292.5 196.7 6.9 Q2 787.7 16.5 37.2 225.1 30.5 70.5 2.4 230.5 183.4 -8.4 Q3 378.5 5.5 -25.6 140.5 -17.0 59.0 44.8 152.5 29.9 -11.1 2007 Oct. 369.7 3.1 -16.5 76.3 12.1 14.1 43.3 138.4 76.8 22.1 Nov. 260.6 5.1 15.5 67.1 11.7 2.9 5.0 52.2 85.9 15.0 Dec. -135.2 19.9 -47.5 162.9 -36.4 4.9 38.4 -91.2 -164.7 -21.5 <strong>2008</strong> Jan. 474.3 -16.6 13.9 21.7 43.6 1.7 10.0 260.2 128.7 11.1 Feb. (p) 187.9 5.3 17.1 23.3 12.2 -26.4 2.6 90.8 31.0 31.9 Source: ECB. 1) Data refer to the changing composition of the euro area. For further information, see the General notes. 2) Amounts held by euro area residents. 3) Amounts issued with maturity up to two years held by non-euro area residents are included in external liabilities. ECB <strong>Monthly</strong> <strong>Bulletin</strong> <strong>April</strong> <strong>2008</strong>S 11
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EN EUROPEAN CENTRAL BANK MONTHLY BU
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© European Central Bank 2008 Addre
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ABBREVIATIONS COUNTRIES LU Luxembou
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months, moderating only gradually o
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ECONOMIC AND MONETARY DEVELOPMENTS
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EURO AREA STATISTICS Exchange rates
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EURO AREA STATISTICS Developments o
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TECHNICAL NOTES RELATING TO THE EUR
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EURO AREA STATISTICS Technical note
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EURO AREA STATISTICS Technical note
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OVERVIEW Developments in key indica
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EURO AREA ACCOUNTS Section 3.1 show
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seasonally adjusted growth rates ha
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statistics, such as the MFI consoli
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ANNEXES CHRONOLOGY OF MONETARY POLI
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CHRONOLOGY 5 JULY, 2 AUGUST, 6 SEPT
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MFI interest rates: the interest ra