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Official reserve assets, other foreign currency assets and related short-term liabilities

Last update 2018-08-02 21:04:07

The reserve assets of the euro area consist of the Eurosystem’s reserve assets, i.e. the ECB’s reserve assets and the reserve assets held by the NCBs of the participating Member States. Reserve assets are (i) under the effective control of the ECB or the NCBs of the participating Member States; and (ii) highly liquid, marketable and creditworthy foreign currency-denominated claims on non-residents of the euro area, in addition to monetary gold, SDRs and IMF reserve positions. This definition expressly excludes foreign-currency claims on residents of the euro area, and euro-denominated claims on non-residents of the euro area from being considered reserve assets either at the national or at the euro area level.

The official reserve assets (gross) are therefore supplemented with information on other foreign currency assets, and on predetermined short-term net drains on the gross reserve assets. Further information under Statistical treatment of the Eurosystem's international reserves (http://www.ecb.europa.eu/pub/pdf/other/statintreservesen.pdf).

(EUR millions)

Reporting period
Euro area 1 ECB BE DE EE IE GR ES FR IT CY LV LT LU MT NL AT PT SI SK FI
1. Official reserve assets and other foreign currency assets (approximate market value)
1.1. Offical reserve assets 671,893.0251 64,058.7264 22,276 163,308 431.538 3,841.51 6,317 58,516 135,272 124,999 733 3,808 3,998 778.28 754.63 30,947 19,754 19,106.5 711.8 3,922.1 8,590
1.1.1. Monetary gold 360,445.5162 16,880.3185 7,605 112,693 8.633 207.72 3,780 9,417 81,712 81,992 465 222 195 75.076 3.23 20,456 9,363 12,791.559 106.338 1,059.7 1,640
1.1.1.1. Gold bullion in EUR 354,256.7249 13,239.853 . 112,693 8.633 . . 8,822.89 81,621 . 465 222 195 75.076 0 20,456 . 12,125.19 0 1,059.7 1,640
1.1.1.1.1. Gold bullion in fine troy ounces 340.587 12.729 . 108.345 0.008 . . 8.482 78.234 . 0.447 0.213 0.187 0.072 0 19.691 . 11.657 0 1.019 1.58
1.1.1.2. Unallocated gold accounts 6,188.7914 3,640.4655 . 0 0 . . 594.214 91 . 0 0 0 0 3.23 0 . 666.369 106.338 0 0
1.1.1.2.1. Unallocated gold accounts in fine troy ounces 5.95 3.5 . 0 0 . . 0.571 0.087 . 0 0 0 0 0.003 0 . 0.641 0.102 0 0
1.1.2. SDR holdings 50,520.8499 679.8749 4,661 14,131 29.543 789.46 6 3,352 9,648 6,563 60 145 164 296.109 104.47 5,362 1,948 644.06 237.833 358.5 1,341
1.1.3. Reserve position in the IMF 19,601.914 0 1,048 4,881 41.39 975.23 686 1,719 3,733 2,596 140 0 0 256.085 27.08 1,523 731 558.87 95.359 193.9 397
1.1.4. Other reserve assets 241,324.745 46,498.533 8,962 31,603 351.973 1,869.09 1,845 44,027 40,179 33,847 68 3,441 3,639 151.01 619.85 3,606 7,712 5,112.02 272.27 2,310 5,212
1.1.4.1. Currency and deposits 38,824.1192 8,322.6542 . 5,849 11.928 . . 6,097 971 . 2 94 1,004 24.978 8.03 308 . 4,021.1 0.74 13.6 789
1.1.4.1.1. Claims on other non-euro area central banks, the IMF and the BIS 31,369.2998 6,527.3888 . 3,641 9.835 . . 5,318 209 . 1 17 999 24.978 0.48 162 . 4,009.82 0.418 13.5 735
1.1.4.1.2. Claims on entities (banks) 7,454.8194 1,795.2654 . 2,208 2.092 . . 779 762 . 0 78 5 0 7.55 146 . 11.28 0.322 0.1 54
1.1.4.1.2.1. Banks headquartered in the reporting country or currency area 1,112 0 . 588 0 . . 1 402 . 0 0 0 0 0 0 . 0 0 0 0
1.1.4.1.2.2. Banks headquartered outside the reporting country or currency area 6,342.8194 1,795.2654 . 1,620 2.092 . . 778 360 . 0 78 5 0 7.55 146 . 11.28 0.322 0.1 54
1.1.4.2. Securities 198,465.7306 37,429.7806 . 25,754 341.368 . . 37,606 37,766 . 66 3,347 2,635 126.032 614.06 3,268 . 1,056.65 271.53 2,296.4 4,418
1.1.4.2.1. Debt securities 197,280.7966 37,429.7806 . 25,754 198.474 . . 37,606 37,766 . 66 3,347 2,376 126.032 592.17 3,268 . 797.5 271.53 2,251.4 4,418
1.1.4.2.1.1. Short-term 30,254.1426 11,649.9526 . 1,112 0 . . 80 9,924 . 0 177 0 0 0 707 . 152.88 0 0 5
1.1.4.2.1.2. Long-term 167,026.654 25,779.828 . 24,641 198.474 . . 37,526 27,842 . 66 3,170 2,376 126.032 592.17 2,561 . 644.62 271.53 2,251.4 4,413
1.1.4.2.2. Equity and investment fund shares 1,184.934 0 . 0 142.894 . . 0 0 . 0 0 259 0 21.89 0 . 259.15 0 45 0
1.1.4.3. Financial derivatives (net) 293.0467 19.3497 0 0 -1.323 0 0 163 0 0 0 0 0 0 -2.24 30 52 34.26 0 0 -2
1.1.4.4. Other claims 3,741.8485 726.7485 438 0 0 12.1 0 161 1,442 955 0 0 0 0 0 0 0 0 0 0 7
1.1.4.4.1. Loans to non-banks 3,729.7485 726.7485 . 0 0 . . 161 1,442 . 0 0 0 0 0 0 . 0 0 0 7
1.2. Other foreign currency assets (not included in reserve assets) 24,045.7866 2,867.5166 417 57 61.429 0 500 2,276 12,356 1,007 14 365 77 1,011.453 95.34 1,135 708 175.16 67.578 369.3 488
1.2.1. Securities 6,511.3609 0.1679 . 0 59.172 . . 1,149 2,419 . 6 351 71 0 65.72 0 . 175.16 62.741 366.4 441
1.2.2. Deposits 17,371.3989 2,827.1829 . 57 1.809 . . 1,067 9,948 . 8 0 0 1,011.453 28.75 1,130 . 0.01 7.194 0 24
1.2.2.1. Banks headquartered in the reporting country or currency area 16,409.9765 2,754.7605 . 57 1.809 . . 1,065 9,948 . 8 0 0 1,011.453 28.75 1,130 . 0.01 7.194 0 24
1.2.2.2. Banks headquartered outside the reporting country or currency area 961.4225 72.4225 . 0 0 . . 2 0 . 0 0 0 0 0 0 . 0 0 0 0
1.2.3. Loans 16 0 . 0 0 . . 0 0 . 0 0 0 0 0 0 . 0 0 0 0
1.2.4. Financial derivatives (net) 125.0268 40.1658 . 0 0.449 . . 60 -11 . 0 14 6 0 0.87 5 . 0 -2.358 2.9 0
2. Predetermined short-term net drains on foreign currency assets
2.1. Foreign currency loans, securities and deposits -717.959 0 . 0 0 . . 771 0 . -11 0 0 -991.369 -196.59 0 . 0 0 0 0
2.2. Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps) -13,265.083 47.391 . -57 6.728 . . 0 0 . 0 -3,687 -2,500 0 -477.74 -3,110 . -7.82 -165.644 0 -375
2.3. Other (flows related to repos and reverse repos, trade credits and other accounts payable/receivable) -21,607.8922 -469.1172 . -647 0 . . 0 -3,386 . 0 0 -420 0 0.42 0 . -3,423.23 -10.965 0 0
1 Euro area data cover the EU Member States that had adopted the euro at the time to which the statistics relate. Greek data are included in euro area aggregates as of January 2001, Slovenian data as of January 2007, Cypriot and Maltese data as of January 2008, Slovakian data as of January 2009, Estonian data as of January 2011, Latvian data as of January 2014 and Lithuanian data are included as of January 2015. These figures do not fully add up to the total euro area international reserves owing to differences in gold valuation by euro area countries.

Legend:
.     Data unknown, not to be published or not meaningful
Some values may be estimated or preliminary. Detailed information on the observation status can be found in the time series view.

Data sources

A list of data sources can be found at:

Central banks of the European System (ESCB)