Quarterly Bulletin 1 2007
Section 3: Statistical Appendix Page Money and Banking Statistics
3
List of Reporting Institutions
5
PART 1 Table SECTION A: MAIN MONETARY INDICATORS A1 A2.1 A2.2 A3
A4
Official External Reserves Domestic Credit to Irish Residents Private-Sector Credit to Irish Residents Irish Contribution to Euro Area Money Supply: 1. Components 2. Selected Measures of Irish Contribution Currency Outstanding
11 12 13 14 15 16
SECTION B: INTEREST RATES AND EXCHANGE RATES AND BALANCE OF PAYMENTS B1 B2.1 B2.2 B3 B4 B5 B6 B7
Official and Selected Interest Rates Retail Interest Rates and Volumes for Outstanding Amounts Retail Interest Rates and Volumes for New Business Selected International Interest Rates Trade-Weighted Competitiveness Indicators for Ireland Exchange Rates: End of Period Exchange Rates: Period Averages Balance of Payments
19 20 21 22 23 24 25 26
SECTION C: BANKING AND OTHER FINANCIAL INSTITUTIONS C1 C2 C3 C4 C5 C6 C7 C8 C9 C10 C11 C12 C13 C14 C15
Irish Monetary Sector: Consolidated Balance Sheet Financial Statement of the Central Bank & Financial Services Authority of Ireland Credit Institutions: Aggregate Balance Sheet Credit Institutions: Retail Clearing: Aggregate Balance Sheet Credit Institutions: Non-Clearing with predominantly Domestic Business: Aggregate Balance Sheet Credit Institutions: Non-Clearing with predominantly Foreign Business: Aggregate Balance Sheet Credit Institutions: Mortgage Lenders: Aggregate Balance Sheet All Credit Institutions: Sectoral Distribution of Advances All Credit Institutions: Sectoral Distribution of Advances and Deposits All Credit Institutions: International Business: Analysis by Currency, Sector and Maturity All Credit Institutions: International Business: Analysis by Geographic Area Credit Institutions: Selected Off-Balance-Sheet Business Analysis of Residential Mortgages vis-a`-vis Irish Residents Credit Card Statistics Irish Stock Exchange
29 30 32 38 44 50 56 62 64 66 68 70 71 72 74
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Quarterly Bulletin 1 2007
Page SECTION D: PUBLIC FINANCES D1 D2 D3 D4 D5 D6 D7 D8
Government Debt and Government-Guaranteed Debt Government Stock — Nominal Holdings Servicing of Government Non-Euro Debt Government Revenue, Expenditure and Borrowing Source and Application of Exchequer Funds Government Savings Schemes: Amounts Outstanding Exchequer Bills and Exchequer Notes Sources of Funds for Servicing Government Debt
77 78 79 80 81 82 83 84
E1 E2 E3 E4 E5 E6
Price Indices Indices of Relative Wage Costs in Manufacturing Industry National Accounts Selected Economic Indicators Labour Costs — Average Earnings Labour Market Indicators
86 87 88 90 92 94
Explanatory Notes
95
SECTION E: ECONOMIC INDICATORS
PART 2 Table 1.1 1.2 1.3 1.4 2.1 2.2 2.3 4.8
2
Consolidated Financial Statement of the Eurosystem Key ECB Interest Rates Eurosystem Monetary Policy Operations Allotted through Tenders Minimum Reserve Statistics Aggregated Balance Sheet of the Euro Area MFIs, excluding the Eurosystem Consolidated Balance Sheet of the Euro Area MFIs, including the Eurosystem Monetary Aggregates Stock Market Indices
106 108 109 110 112 114 116 119
Quarterly Bulletin 1 2007
Money and Banking Statistics
The Statistical Appendix is now divided into two parts: • Part 1 is comprised of tables containing data relating to Main Monetary Indicators, Interest Rates Exchange Rates & Balance of Payments, Banking & Other Financial Institutions, Public Finances and Economic Indicators. The data mainly refer to Ireland and are denominated in euro; and • Part 2 contains selected euro-area data which have been published by the European Central Bank (ECB) in its Monthly Bulletin. The layout and design of many tables in Part 1 were changed significantly at the start of EMU in January 1999 and users should exercise caution when comparing these series with earlier data as the underlying definitions may have changed. Detailed definitions of the concepts in each table in Part 1 can be found in the Explanatory Notes on pages 95 to 104. The CBFSAI Quarterly Bulletin and Monthly Statistics are also provided in electronic format on the website: www.centralbank.ie and the ECB Monthly Bulletin is available on the website: www.ecb.int.
3
Quarterly Bulletin 1 2007
Reporting Institutions
The following is a list of institutions currently submitting returns included under the headings in the Statistical Appendix. Credit Institutions: Retail Clearing AIB Mortgage Bank Allied Irish Banks plc Bank of Ireland Mortgage Bank The Governor and Company of the Bank of Ireland National Irish Bank Limited Ulster Bank Ireland Limited Credit Institutions: Non-Clearing with Predominantly Domestic Business ABN AMRO Bank N.V. ACC Bank plc AIB Finance Limited Anglo Irish Bank Corporation plc Bank of America National Association Bank of Scotland (Ireland) Limited BNP Paribas SA Citibank International plc CitiFinancial Europe plc DePfa Bank plc EBS Building Society FCE Bank plc First Active plc HFC Bank Limited ICS Building Society IIB Bank Investec Bank (UK) Limited Irish Life & Permanent plc Irish Nationwide Building Society Marks & Spencer Financial Services Limited MBNA Europe Bank Limited Northern Rock plc Credit Institutions: Non-Clearing with Predominantly Foreign Business Aareal Bank AG Bankinter S.A. Bank of Montreal Ireland plc Barclays Bank Ireland plc Barclays Bank plc Bear Stearns Bank plc BNP Paribas Securities Services SA CACEIS Bank Luxembourg Caja de Ahorros Y Monte de Piedad de Madrid Capmark Bank Europe plc Citco Bank Nederland N.V. Citibank Europe plc Commerzbank Europe (Ireland) DePfa ACS Bank DePfa-Bank Europe plc Dexia Banque Belgique Dexia Cre ´dit Local DZ-Bank Ireland plc Dexia Municipal Agency Fortis Prime Fund Solutions Bank (Ireland) Limited Helaba Dublin Landesbank Hessen-Thu ¨ringen International Hewlett-Packard International Bank plc HSBC Bank plc Hypo Public Finance Bank ING Bank N.V. ING Belgium SA Intesa Bank Ireland plc J.P. Morgan Bank (Ireland) plc KBC Bank N.V. Dublin Branch Landesbank Hessen-Thu ¨ringen Girozentrale LBBW Bank Ireland plc
5
Quarterly Bulletin 1 2007
Credit Institutions: Non-Clearing with Predominantly Foreign Business (Continued) LGT Bank (Ireland) Limited Merrill Lynch International Bank Limited Naspa Dublin Pfizer International Bank Europe Rabobank Ireland plc Rabobank Nederland RBC Dexia Investor Services Bank Sachsen LB Europe plc Sanpaolo IMI Bank Ireland plc Scotiabank (Ireland) Limited Socie ´te ´ Ge ´ne ´rale SA UBS (Luxembourg) SA UniCredito Italiano Bank (Ireland) plc Volkswagen Bank GmbH WestLB Covered Bond Bank plc WestLB Ireland plc WGZ-Bank Ireland plc Zurich Bank Credit Institutions: Mortgage Lenders ACC Bank plc AIB Finance Limited AIB Mortgage Bank Allied Irish Banks plc Bank of Ireland Mortgage Bank The Governor and Company of the Bank of Ireland Bank of Scotland (Ireland) Limited EBS Building Society First Active plc ICS Building Society IIB Bank Limited* Irish Life & Permanent plc Irish Nationwide Building Society National Irish Bank Limited Ulster Bank Ireland Limited Post Office Savings Bank Hire-Purchase Finance Companies Arrow Trust Limited Cresington Finance Limited Entara Limited Euro Finance Limited Everyday Finance Limited Exchange Finance Limited Fiat Auto Finance Limited M.J. Flood (Leasing) Limited General Finance Trust Limited ICC Finance Limited Irish Permanent Finance Limited Kimberley Finance Limited Livestock Credit Corporation Limited National Carways Limited National Carways Investment Society National Credit Finance Limited Shannon International Leasing and Financial Services Limited Smurfit Finance Limited Smurfit Leasing Limited West European Credit Finance Limited Western Finance Company Limited Woodchester Finance Limited Woodchester Leaseline Limited
*Includes residential mortgage business vis-a`-vis IIB Homeloans Limited.
6
Quarterly Bulletin 1 2007
Part 1
Part 1 contains data for series beginning in January 1999. These data are denominated in euro.
Quarterly Bulletin 1 2007
Section A
Main Monetary Indicators
Quarterly Bulletin 1 2007
Table A1: Official External Reserves
\ million
Gold
SDRs
Reserve position in IMF
2005 December
84
74
150
436
744
2006 January February
84 84
74 73
91 95
491 447
740 700
March April May June
93 93 93 91
74 74 74 72
92 92 92 129
471 444 421 432
731 703 681 724
July August September October
91 91 92 92
72 73 73 73
127 127 112 101
446 450 452 551
737 741 729 729
November
92
73
101
397
664
End-month dates
Foreign exchange
Total
11
Quarterly Bulletin 1 2007
Table A2.1: Domestic Credit to Irish Residents
\ million
2006
Return dates
30 June
31 July
31 Aug.
29 Sept. 31 Oct.
30 Nov.
1. Components Credit Institutions: Retail Clearing 1. Loans to other residents (non-MFIa, non-Government entities) 1.1 Eurob 1.2 Non-euro
138,998 142,043 144,366 147,323 150,256 154,192 120,979 124,135 126,324 129,108 131,348 134,417 18,018 17,907 18,042 18,215 18,908 19,775
2. Holdings of securities, shares and other equity issued by other residents 2.1 Securities 2.1.1 Euro 2.1.2 Non-euro 2.2 Shares and other equity 2.2.1 Euro 2.2.2 Non-euro
1,214 640 518 122 574 503 71
1,184 610 512 98 574 503 72
1,238 663 562 101 575 503 72
1,293 718 615 104 575 503 72
1,329 753 650 103 576 503 73
3. General Government credit (central, regional and local) 3.1 Loans 3.1.1 Euro 3.1.2 Non-euro 3.2 Securities 3.2.1 Euro 3.2.2 Non-euro
4,383 1,361 1,361 — 3,021 3,021 —
3,354 334 334 — 3,020 3,020 —
3,946 999 999 — 2,946 2,946 —
3,234 316 316 — 2,918 2,918 —
3,331 397 397 — 2,934 2,934 —
4. Accrued interest receivable on credit to other residents 4.1 Euro 4.2 Non-euro
493 375 118
765 646 120
763 622 140
552 411 141
791 649 142
Credit Institutions: Non-Clearing 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Euro 5.2 Non-euro
1,281 705 598 107 576 504 72 2,988r 329 329 — 2,659 2,659 — 875 719 156
140,338 141,419 142,343 144,753 147,810 150,118 123,600 124,761 125,767 128,334 130,703 133,884 16,738 16,658 16,575 16,418 17,107 16,234
6. Holdings of securities, shares and other equity issued by other residents 6.1 Securities 6.1.1 Euro 6.1.2 Non-euro 6.2 Shares and other equity 6.2.1 Euro 6.2.2 Non-euro
7,313 3,019 2,272 747 4,294 4,081 213
7,576 3,281 2,553 728 4,295 4,081 215
7,769 3,472 2,763 708 4,297 4,080 217
8,304 3,856 3,095 761 4,449 4,233 216
8,436 3,932 3,097 835 4,504 4,287 217
8,478 3,968 3,036 932 4,510 4,287 223
7. General Government credit (central, regional and local) 7.1 Loans 7.1.1 Euro 7.1.2 Non-euro 7.2 Securities 7.2.1 Euro 7.2.2 Non-euro
1,323 700 700 — 623 503 119
1,342 719 719 — 624 503 121
1,299 731 731 — 568 446 122
1,300 733 733 — 567 446 121
1,191 734 734 — 457 446 11
1,221 738 738 — 483 472 11
8. Accrued interest receivable on credit to other residents 8.1 Euro 8.2 Non-euro
282 210 72
385 294 92
462 350 112
505 365 140
425 323 102
491 369 122
Other 9. Direct net external Government borrowing from 1 Jan. each year
—
—
—
—
—
—
10. Non-euro lending by credit institutions to non-MFI IFSC companies
14,133
14,622
14,620
14,924
15,056
14,999
11. Total lending by credit institutions to non-MFI IFSC companies
24,612
24,858
25,016
25,216
25,391
25,322
a See Explanatory Notes for detailed definitions. b Euro/non-euro refers to currency of the loan.
12
Quarterly Bulletin 1 2007
Table A2.2: Private-Sector Credit to Irish Residents
Private sector credit (PSC)
Residential mortgage lending
Total
Of which: Euro Credit
PSC Growth Rates
(1+2+4+ 5+6+8)
(1.1+2.1.1+ 2.2.1+4.1+ 5.1+6.1.1+ 6.2.1+8.1)
Unadjusted year-to-year change
Adjusteda,d year-to-year change
Outstanding Unadjusted levelb year-to-year change
Adjusted levelc
Adjusted year-to-year changec,d
\ million
\ million
%
%
\ million
\ million
%
2004 31 March 30 April 31 May 30 June 30 July 31 August 30 September 29 October 28 November 31 December
170,574 170,995 174,717 177,645 183,311 184,908 187,689 190,734 194,531 199,595
146,965 148,609 151,920 154,851 159,890 161,673 164,581 167,284 171,552 176,884
17·2 16·3 18·8 20·1 22·0 21·2 22·2 22·4 23·2 24·4
21·8 21·1 23·0 24·8 25·4 24·7 25·0 25·2 25·8 26·6
57,892 59,237 60,506 61,837 65,676 66,979 68,618 70,031 71,549 73,120
27·3 29·9 30·0 31·8 36·5 36·1 35·6 35·3 34·8 33·9
62,363 63,650 64,855 66,120 69,888 71,126 72,699 74,058 75,536 77,029
26·9 27·4 27·5 27·3 27·8 27·6 27·4 27·3 27·1 26·5
2005 31 January 28 February 31 March 29 April 31 May 30 June 29 July 31 August 30 September 28 October 30 November 30 December
202,902 205,883 210,790 212,559 220,415 226,756 232,293 236,830 241,210 246,835 252,251 258,810
179,292 182,011 185,839 187,236 192,839 198,735 204,172 207,767 211,170 215,920 220,530 225,889
24·8 25·0 23·6 24·3 26·2 27·6 26·7 28·1 28·5 29·4 29·7 29·7
26·6 26·9 25·4 26·7 27·0 26·9 27·0 28·2 28·6 29·4 29·0 28·8
74,137 75,286 76,807 78,449 80,131 82,230 84,043 86,103 88,127 90,041 90,693 94,259
33·2 33·0 32·7 32·4 32·4 33·0 28·0 28·6 28·4 28·6 26·8 28·9
77,981 79,090 80,553 82,140 83,765 85,802 87,549 89,535 91,491 93,326 95,473 98,956
26·0 26·0 25·8 25·8 25·9 26·6 25·3 25·9 25·6 25·8 26·2 27·1
2006 31 January 28 February 31 March 28 April 31 May 30 June 31 July 31 August 29 September 31 October 30 November
262,214 267,861 271,364 276,150 282,788 288,637 293,372 296,941 302,730 309,047 315,435
229,040 233,866 237,708 241,932 247,994 252,537 257,484 260,972 266,663 271,559 277,815
29·2 30·1 28·7 29·9 28·3 27·3 26·3 25·4 25·5 25·2 25·0
28·8 29·4 29·0 29·6 29·8 30·3 29·2 28·2 28·1 27·7 27·8
95,810 97,899 100,082 101,911 104,121 104,338 105,324 105,901 107,965 110,007 112,205
29·2 30·0 30·3 29·9 29·9 26·9 25·3 23·0 22·5 22·2 23·7
100,437 102,465 104,591 106,373 108,512 110,800 113,182 115,197 117,143 119,098 121,215
27·5 27·7 28·1 27·8 27·8 27·5 27·6 27·1 26·9 26·5 25·8
%
a This series excludes transactions between credit institutions and non-MFI IFSC companies and valuation effects arising from exchange-rate movements. b Data relate to residential mortgages as reported on the balance sheets of within-the-State offices of credit institutions, i.e., mortgages extended on a cross-border basis are not included. The total reported above is the same figure as that reported vis-a`-vis Irish residents under Item 5.6 (Assets) of Table C3: Credit Institutions: Aggregate Balance Sheet and so does not include securitised mortgages. c In order to more accurately capture the indebtedness of Irish residents for housing purposes, the level of outstanding securitised mortgages (i.e., the initial amount of the securitisation less all repayments of capital made by the borrowers) has been added to the outstanding level of residential mortgages, giving rise to the adjusted growth rate. In addition, a series of reclassification from term loans to residential mortgages, starting in September 2005, which boosted the level of residential mortgages has been excluded in the calculation of growth rates. The resulting growth rates, shown in the final column, are termed underlying growth rates. d Year-to-Year growth rates between July 2004 and June 2005 were boosted by the transfer of some \2 billion in residential mortgages to an Irish credit institution from its parent institution abroad. In order to give a more accurate picture of developments, these amounts are excluded in the calculation of adjusted growth rates.
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Quarterly Bulletin 1 2007
Table A3: Irish Contribution to Euro Area Money Supply
2006 \ million
30 June
31 July
31 Aug.
29 Sept.
31 Oct.
30 Nov.
1. Componentsa 1. Currency issuedb
6,671
6,754
6,652
6,750
6,718
6,831
72,921
74,007
75,450
76,045
76,335
75,740
79,592
80,761
82,103
82,794
83,053
82,571
3. Deposits with agreed maturity: up to 2 years
71,358
75,684
76,287
77,311
79,941
79,057
4. Deposits redeemable at notice: up to 3 months
10,720
10,923
11,253
11,599
11,584
11,587
1,195
1,203
1,211
1,220
1,229
1,233
162,865
168,571
170,855
172,924
175,807
174,448
69
62
34
10
38
1
−13,492
−17,002
−16,760
−18,326
−18,003
−18,584
28,335
27,327
27,956
38,960
39,657
43,325
177,777
178,957
182,085
193,568
197,499
199,190
2. Overnight deposits M1 (1+2)
5. Post Office Savings Bank Deposits M2 (M1+3+4+5) 6. Repurchase agreements 7. Debt securities: up to 2 years maturityc 8. Money market funds shares/units M3 (M2+6+7+8)
a Vis-a`-vis residents of Ireland and other Monetary Union Members. b This comprises the Bank’s share of euro banknotes issued in the Eurosystem, in proportion to its paid-up shares in the capital of the ECB, plus coin issued by the Bank less holdings of issued euro banknotes and coin by the MFI sector. c In line with Eurosystem requirements, these data exclude securities issued to non-euro area residents, while holdings by credit institutions of debt securities up to two years maturity issued by euro-area MFIs are netted off debt securities issued in this category.
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Quarterly Bulletin 1 2007
\ million
M1
M2
M3
Components
1+ 2
M1 + 3 + 4 + 5
M2 + 6 + 7 + 8
Amount
Headline year-to-year change − %
Amount
Headline year-to-year change − %
Amount
Headline year-to-year change − %
2. Selected Measures of Irish Contribution 2004 31 December
60,677
13·9%
125,033
11·4%
128,831
22·5%
2005 31 January 28 February
60,440 61,093
11·1% 9·1%
127,779 130,450
11·1% 12·6%
128,704 132,107
22·0% 19·1%
31 29 31 30
March April May June
62,150 61,978 63,459 66,024
12·3% 10·6% 12·7% 14·4%
131,344 132,284 133,488 136,544
13·7% 13·7% 14·7% 15·7%
131,388 133,678 134,474 136,028
17·7% 16·9% 17·9% 18·1%
29 July 31 August 30 September
66,634 67,746 68,752
13·8% 14·5% 12·6%
138,886 141,181 142,494
14·2% 15·7% 15·3%
139,884 143,154 145,970
18·6% 18·4% 19·8%
28 October 30 November 30 December
69,727 68,623 71,897
13·1% 11·6% 18·5%
145,414 141,913 147,734
15·9% 14·7% 18·2%
148,700 147,560 157,210
20·1% 20·5% 22·0%
31 January 28 February 31 March
71,934 71,992 74,455
19·0% 17·8% 19·8%
147,980 150,048 154,269
15·8% 15·0% 17·5%
156,696 158,113 161,082
21·7% 19·7% 22·6%
28 April 31 May 30 June
75,771 76,277 79,592
22·3% 20·2% 20·6%
156,538 157,183 162,865
18·3% 17·8% 19·3%
165,653 169,071 177,777
23·9% 25·7% 30·7%
31 July 31 August
80,761 82,103
21·2% 21·2%
168,571 170,855
21·4% 21·0%
178,957 182,349
27·9% 27·4%
29 September
82,794
20·4%
172,924
21·4%
193,568
32·6%
31 October 30 November
83,053 82,571
19·1% 20·3%
175,807 174,448
20·9% 22·9%
197,499 199,190
32·8% 35·0%
2006
15
Quarterly Bulletin 1 2007
Table A4: Currency Outstanding
£000s
1. Denomination of Legal Tender Notes 10/-
£1
£5
£10
£20
£50
£100
Total
Euro equivalent
2004 December
589
12,923
35,797
39,891
87,051
26,081
5,192
207,524
263,502
2005 March June September December
589 589 589 589
12,920 12,912 12,908 12,904
35,725 35,653 35,592 35,552
39,729 39,599 39,469 39,384
86,234 85,431 84,604 84,004
25,725 25,344 25,013 24,769
5,155 5,116 5,077 5,054
206,078 204,644 203,252 202,256
261,665 259,844 258,077 256,812
2006 March June September December
589 589 589 589
12,897 12,893 12,889 12,886
35,482 35,443 35,394 35,357
39,236 39,131 39,004 38,926
83,228 82,662 82,087 81,623
24,345 24,072 23,825 23,615
5,012 4,992 4,961 4,942
200,788 199,781 198,749 197,938
254,948 253,669 252,360 251,330
Last day of
2. Denomination of Coins £1
50p
20p
2004 December
40,678
15,422
13,104
2005 March June September December
40,678 40,678 40,678 40,679
15,422 15,422 15,422 15,422
2006 March June September December
40,679 39,689 39,689 39,689
15,422 15,144 15,144 15,144
10p
5p
2p
1p
Total
Euro equivalent
9,827
11,186
6,222
6,574
103,013
130,800
13,104 13,104 13,104 13,104
9,827 9,827 9,827 9,827
11,186 11,186 11,186 11,186
6,222 6,222 6,222 6,222
6,574 6,574 6,574 6,574
103,013 103,013 103,013 103,014
130,800 130,800 130,800 130,800
13,104 12,792 12,792 12,792
9,827 9,575 9,575 9,575
11,186 10,957 10,957 10,957
6,222 6,097 6,097 6,097
6,574 6,476 6,476 6,476
103,014 100,730 100,730 100,731
130,800 127,901 127,901 127,902
Notes 1. Consolidated bank notes ceased to be issued on 31 December 1953 and are in course of withdrawal from circulation. The value of these notes outstanding at 31 December 2006 amounted to IR£105,250; this is not included in the total of this table. 2. The issue of legal tender notes by clearing banks in the Republic of Ireland ceased in May 1929. These bank notes are in course of withdrawal from circulation. The value of such notes outstanding at 31 December 2006 amounted to IR£628,000; this is not included in the total of this table. 3. The total value of 1⁄2p, 5p (issued before 29 June 1992) and 10p (issued before 15 November 1991) coins still outstanding at 31 December 2006 amounted to IR£14.35 million; this is not included in the total of this table.
16
Quarterly Bulletin 1 2007
Section B
Interest Rates and Exchange Rates and Balance of Payments
Quarterly Bulletin 1 2007
Table B1: Official and Selected Interest Rates
Per cent per annum
2006
End-month
Aug.
Sept.
Oct.
Nov.
Dec.
1. Eurosystem Official Interest Rates a Marginal lending facility Deposit facility Main refinancing operations
4·00 2·00 3·00
4·00 2·00 3·00
4·25 2·25 3·25
4·25 2·25 3·25
4·50 2·50 3·50
2. Interbank Market — Euribor b Eonia (overnight) 1 month fixed 3 month fixed 12 month fixed
3·04 3·09 3·26 3·63
3·10 3·27 3·42 3·72
3·38 3·38 3·56 3·86
3·34 3·57 3·64 3·86
3·69 3·63 3·73 4·03
3. Clearing Banks’ Prime Rate — Ireland c
3·15−3·63
3·25−3·75
3·45−3·91
3·50−4·00
3·75−4·25
4. House Purchase Loans — Ireland d
3·99−4·53
4·24−4·53
4·24−4·78
4·35−4·78
4·49−5·03
5. Government Securities Market — Ireland g 2 years to maturity 5 years to maturity 10 years to maturity
3·50 3·59 3·75
3·54 3·64 3·67
3·64 3·67 3·78
3·58 3·64 3·70
3·80 3·91 3·95
a On 7 December 2006, the ECB announced an increase of 0·25 of a percentage point in these rates. b Euribor is the rate at which euro interbank term deposits are offered by one prime bank to another, within the euro area. Daily data from 30 December 1998 are available from www.euribor.org. c Rates are representative of those charged to large commercial customers for short-term borrowings. d These are standard variable mortgage rates for ‘‘Credit Institutions: Mortgage Lenders’’ reporting to the Central Bank & Financial Services Authority of Ireland. g The yields shown under this heading are representative.
19
Quarterly Bulletin 1 2007
Table B2.1: Retail Interest Rates a and Volumes for Outstanding Amounts
2006 End-month DEPOSITS Households With agreed maturity — Up to 2 years — Over 2 years Non-financial corporations With agreed maturity — Up to 2 years — Over 2 years LOANS Households For house purchase — Up to 1 year original maturity — Over 1 and up to 5 years original maturity — Over 5 years original maturity For consumer credit and other loans — Up to 1 year original maturity — Over 1 and up to 5 years original maturity — Over 5 years original maturity Non-financial corporations — Up to 1 year original maturity — Over 1 and up to 5 years original maturity — Over 5 years original maturity
June
July
Sept.
Oct.
2·53 17,560 2·64 10,453
2·62 17,942 2·59 9,889
2·76 19,120 2·63 9,635
2·90 19,842 2·68 9,492
3·03 20,937 2·77 9,613
2·76 18,984 2·24 1,974
2·82 20,242 2·34 1,923
2·96 20,550 2·39 1,907
3·06 20,628 3·92 1,909
3·20 21,883 3·84 1,929
4·79 1,105 4·37 1,960 3·93 101,216
4·84 1,082 4·38 2,034 3·95 102,151
5·00 1,083 4·56 2,024 4·12 102,741
5·07 1,170 4·64 2,196 4·15 104,495
5·17 1,190 4·79 2,352 4·31 106,363
8·43 7,336 6·67 7,950 4·95 8,829
8·35 7,563 6·63 8,320 4·99 8,985
8·44 7,426 6·75 8,424 5·13 9,047
8·48 7,788 6·78 8,462 5·19 9,031
8·59 8,026 6·83 8,600 5·31 9,176
5·26 32,602 4·78 31,315 4·52 46,513
5·33 33,480 4·91 32,606 4·53 47,310
5·41 34,336 4·95 33,600 4·69 47,589
5·56 35,334 5·03 34,257 4·74 49,063
5·68 35,999 5·17 36,011 4·82 48,638
a Rates reported are weighted averages for each instrument category. Note: Rates are in bold in percentages per annum; volumes are in italics in \ million.
20
Aug.
Quarterly Bulletin 1 2007
Table B2.2: Retail Interest Rates a and Volumes for New Business
2006 End-month
June
July
Aug.
Sept.
Oct.
0·74 33,346 2·46 13,267 2·24 10,240
0·74 34,218 2·54 13,761 2·35 10,393
0·80 34,915 2·71 15,196 2·51 10,583
0·88 35,605 2·81 14,174 2·67 10,913
0·91 36,141 2·98 16,688 2·85 10,965
0·61 22,240 2·57 16,842
0·58 22,064 2·66 16,951
0·63 22,420 2·84 16,716
0·72 22,508 2·93 16,942
0·67 22,587 3·11 20,019
13·15 2,509
13·11 2,529
13·24 2,476
13·29 2,516
13·31 2,468
For consumption purposes — Floating rate and up to 1 year initial rate fixation — Over 1 year initial rate fixation
5·96 362 8·47 215
5·89 386 8·27 204
6·06 332 8·24 219
6·23 315 8·01 207
5·67 721 8·21 199
For house purchases — Floating rate and up to 1 year initial rate fixation — Over 1 year initial rate fixation
3·90 4,515 4·16 1,306
3·90 3,502 4·28 1,201
4·13 3,843 4·38 1,835
4·12 2,831 4·39 1,184
4·37 4,275 4·54 1,964
4·99 1,043
5·13 681
5·16 519
5·39 653
5·22 952
7·31 4,846
7·15 4,843
7·46 4,778
7·43 4,961
7·69 4,686
Other loans up to \1 million — Floating rate and up to 1 year initial rate fixation — Over 1 and up to 5 years initial rate fixation — Over 5 years initial rate fixation
5·11 832 5·07 99 4·93 100
5·28 795 5·52 98 5·07 101
5·32 739 5·51 109 5·15 91
5·32 909 5·96 66 5·30 104
5·36 1,794 5·38 85 5·30 89
Other loans over \1 million — Floating rate and up to 1 year initial rate fixation — Over 1 and up to 5 years initial rate fixation — Over 5 years initial rate fixation
4·74 3,617 4·31 516 4·40 439
4·84 3,490 4·25 319 4·60 268
4·92 3,142 4·62 706 4·78 321
5·30 2,599 4·65 288 4·87 575
5·19 5,641 5·05 830 4·94 430
7·04 577 3·98 5,822
6·76 590 4·00 4,703
7·05 551 4·20 5,678
7·06 522 4·21 4,015
6·28 920 4·44 6,239
DEPOSITS Households — Overnight b — With agreed maturity — Redeemable at notice b Non-financial corporations — Overnight b — With agreed maturity LOANS Households Bank overdraft b
For other purposes Non-financial corporations Bank overdraft b
APRC for loans to households For consumption purposes For house purchase
a Rates reported are weighted averages for each instrument category. b For these categories, new business is defined as outstanding amounts. Note: Rates are in bold in percentages per annum; volumes are in italics in \ million.
21
Quarterly Bulletin 1 2007
Table B3: Selected International Interest Rates
Per cent per annum
Three-month Interest Rates Euro
Sterling
US dollar
Japanese yen
2·00
4·16
1·05
0.01 0.01
2004 February March
1·94
4·30
1·05
April
2·04
4·38
1·11
0.01
May
2·06
4·59
1·19
−0.04 a
June
2·09
4·76
1·52
−0.06
July
2·09
4·88
1·64
0.02
August
2·10
4·87
1·74
0.02
September
2·09
4·85
1·92
0.01
October
2·12
4·81
2·09
0.01
November
2·14
4·78
2·34
0.01
December
2·12
4·78
2·52
−0.02
January
2·12
4·81
2·69
−0·02
February
2·11
4·90
2·87
−0·02
March
2·09
4·91
3·04
−0·02
April
2·11
4·86
3·17
−0·02
May
2·11
4·80
3·28
−0·02
June
2·09
4·73
3·44
−0·02
July
2·12
4·55
3·68
−0·02
August
2·10
4·53
3·79
−0·02
September
2·16
4·58
4·04
0·03
October
2·16
4·55
4·23
0·00
November
2·44
4·55
4·20
0·03
December
2·49
4·60
4·39
−0·01
January
2·52
4·52
4·65
−0·01
February
2·63
4·52
4·81
−0·01
March
2·79
4·58
4·99
0·01
April
2·81
4·62
5·09
0·01
May
2·88
4·63
5·20
0·20
June
3·02
4·71
5·45
0·27
July
3·13
4·73
5·40
0·35
2005
2006
August
3·23
4·91
5·36
0·37
September
3·39
5·04
5·32
0·41
October
3·52
5·15
5·34
0·38
November
3·60
5·19
5·29
0·44
December
3·71
5·28
5·33
0·52
a Rate refers to 26 May 2004. Note: As far as possible, rates given in this table are those prevailing on the last Friday of each period.
22
Quarterly Bulletin 1 2007
Table B4: Trade-Weighted Competitiveness Indicators for Ireland
1999 Q1 = 100
Nominal TWCI (Monthly average)
Real TWCI (Deflated by consumer prices)
Real TWCI (Deflated by producer prices)
2004 January February March April May June July August September October November December
102·97 102·41 101·42 100·39 101·09 100·92 101·29 101·32 101·85 102·81 103·93 104·66
115·86 115·90 114·77 113·55 114·21 114·56 114·68 115·19 115·76 116·58 118·13 118·87
110·52 109·50 108·33 107·12 107·68 108·13 107·33 106·74 107·11 107·04 108·30 109·16
2005 January February March April May June July August September October November December
104·09 103·60 104·16 103·36 102·77 101·05 101·78 102·18 101·84 101·71 101·32 101·46
117·49 117·53 117·73 117·10 116·48 114·88 115·47 116·10 115·94 115·65 115·33 115·05
108·22 107·74 107·95 107·29 107·15 105·26 105·98 105·73 104·66 104·49 104·85 105·00
2006 January February March April May June July August September October November December
102·06 101·69 102·10 102·89 103·19 103·30 103·49 103·34 103·16 102·89 103·46 104·16
115·39 115·96 116·37 117·16 117·66 117·89 117·96 118·34 117·94 117·69 118·35 N/A
104·87 104·89 105·03 105·15 105·05 105·10 104·76 104·64 105·33 104·88 N/A N/A
Notes: 1. A rise in an indicator implies a disimprovement in competitiveness while a fall in an indicator implies an improvement. 2. These indicators are available from January 1999 in excel format on the Bank’s website. 3. Real TWCIs may be subject to revisions to reflect changes in price data.
23
Quarterly Bulletin 1 2007
Table B5: Exchange Rates: End of Period
Units per Euro
Canada (Dollar)
Denmark (Krone)
Japan (Yen)
Sweden (Krona)
Switzerland (Franc)
United Kingdom (Pound)
United States (Dollar)
SDR
2006 Q1 Q2 Q3 Q4
1·4084 1·4132 1·4136 1·5281
7·4624 7·4592 7·4576 7·4560
142·42 145·75 149·34 156·93
9·4315 9·2385 9·2797 9·0404
1·5801 1·5672 1·5881 1·6069
0·6964 0·6921 0·6777 0·6715
1·2104 1·2713 1·2660 1·3170
0·840062 0·859353 0·857506 0·875431
2005 May June July August September October November December
1·5531 1·4900 1·4856 1·4552 1·4063 1·4161 1·3741 1·3725
7·4423 7·4515 7·4591 7·4582 7·4624 7·4623 7·4537 7·4605
133·47 133·95 135·91 136·06 136·25 139·64 140·80 138·90
9·1608 9·4259 9·4048 9·3401 9·3267 9·5360 9·5272 9·3885
1·5372 1·5499 1·5607 1·5485 1·5561 1·5455 1·5485 1·5551
0·6771 0·6742 0·6893 0·6829 0·6820 0·6767 0·6822 0·6853
1·2331 1·2092 1·2093 1·2198 1·2042 1·2023 1·1769 1·1797
0·836031 0·830145 0·832934 0·835573 0·830790 0·831583 0·826396 0·825389
2006 January February March April May June July August September October November December
1·3870 1·3532 1·4084 1·4097 1·4107 1·4132 1·4346 1·4230 1·4136 1·4331 1·5053 1·5281
7·4639 7·4610 7·4624 7·4608 7·4578 7·4592 7·4618 7·4594 7·4576 7·4538 7·4546 7·4560
142·17 138·18 142·42 143·29 144·32 145·75 145·82 150·56 149·34 149·59 153·29 156·93
9·2503 9·4490 9·4315 9·2970 9·2757 9·2385 9·2330 9·2667 9·2797 9·2120 9·0661 9·0404
1·5547 1·5661 1·5801 1·5713 1·5600 1·5672 1·5713 1·5751 1·5881 1·5887 1·5916 1·6069
0·6843 0·6796 0·6964 0·6942 0·6859 0·6921 0·6843 0·6741 0·6777 0·6685 0·6743 0·6715
1·2118 1·1875 1·2104 1·2537 1·2868 1·2713 1·2767 1·2851 1·2660 1·2696 1·3200 1·3170
0·838385 0·827511 0·840062 0·852241 0·861208 0·859353 0·860389 0·863338 0·857506 0·857815 0·875490 0·875431
Week ended September 1 8 15 22 29
1·4163 1·4155 1·4203 1·4264 1·4136
7·4599 7·4607 7·4606 7·4602 7·4576
150·30 147·91 149·09 148·89 149·34
9·3160 9·3195 9·2250 9·2580 9·2797
1·5791 1·5817 1·5946 1·5812 1·5881
0·6728 0·6793 0·6739 0·6737 0·6777
1·2817 1·2713 1·2675 1·2817 1·2660
0·862439 0·859044 0·857314 0·861474 0·857506
October
6 13 20 27
1·4234 1·4246 1·4156 1·4262
7·4559 7·4547 7·4552 7·4547
149·47 149·84 149·29 150·26
9·2778 9·2564 9·2108 9·2215
1·5881 1·5932 1·5867 1·5911
0·6729 0·6744 0·6693 0·6706
1·2664 1·2550 1·2618 1·2683
0·857369 0·854570 0·855811 0·858185
November
3 10 17 24
1·4402 1·4531 1·4651 1·4817
7·4549 7·4576 7·4582 7·4542
149·62 151·17 151·17 151·36
9·1685 9·0888 9·0621 9·0375
1·5929 1·5933 1·6008 1·5826
0·6688 0·6723 0·6776 0·6769
1·2760 1·2864 1·2774 1·3078
0·859076 0·863469 0·862354 0·870601
December
1 8 15 22 29
1·5139 1·5269 1·5151 1·5240 1·5281
7·4543 7·4561 7·4545 7·4536 7·4560
153·77 153·48 155·04 156·26 156·93
9·0360 9·0555 9·0633 8·9888 9·0404
1·5884 1·5891 1·5977 1·6029 1·6069
0·6729 0·6776 0·6699 0·6715 0·6715
1·3244 1·3276 1·3106 1·3192 1·3170
0·876591 0·877753 0·872641 0·876089 0·875431
Note: Reference rates as published by the European Central Bank. The exchange rate quoted for the SDR is calculated by the IMF.
24
Quarterly Bulletin 1 2007
Table B6: Exchange Rates: Period Averages
Units per Euro
Canada (Dollar)
Denmark (Krone)
Japan (Yen)
Sweden (Krona)
Switzerland (Franc)
United Kingdom (Pound)
United States (Dollar)
SDR
1999 2000 2001 2002 2003a 2004 2005 2006
1·5840 1·3706 1·3864 1·4838 1·5817 1·6167 1·5087 1·4237
7·4355 7·4538 7·4521 7·4305 7·4307 7·4399 7·4518 7·4591
121·32 99·47 108·68 118·06 130·97 134·44 136·85 146·02
8·8075 8·4452 9·2551 9·1611 9·1242 9·1243 9·2822 9·2544
1·6003 1·5579 1·5105 1·4670 1·5212 1·5438 1·5483 1·5729
0·6587 0·6095 0·6219 0·6288 0·6920 0·6787 0·6838 0·6817
1·0658 0·9236 0·8956 0·9456 1·1312 1·2439 1·2441 1·2556
0·779552 0·694207 0·697777 0·729141 0·806933r 0·839406 0·841933 0·853046
2006 Q1 Q2 Q3 Q4
1·3894 1·4108 1·4283 1·4669
7·4621 7·4581 7·4604 7·4557
140·51 143·81 148·09 151·72
9·3525 9·2979 9·2304 9·1350
1·5590 1·5631 1·5768 1·5928
0·6862 0·6878 0·6798 0·6731
1·2023 1·2582 1·2743 1·2887
0·834528 0·853315 0·859693 0·865029
2006 January February March April May June July August September October November December
1·4025 1·3723 1·3919 1·4052 1·4173 1·4089 1·4303 1·4338 1·4203 1·4235 1·4635 1·5212
7·4613 7·4641 7·4612 7·4618 7·4565 7·4566 7·4602 7·4609 7·4601 7·4555 7·4564 7·4549
139·82 140·77 140·96 143·59 142·70 145·11 146·70 148·53 148·99 149·65 151·11 154·82
9·3111 9·3414 9·4017 9·3346 9·3310 9·2349 9·2170 9·2098 9·2665 9·2533 9·1008 9·0377
1·5494 1·5580 1·5691 1·5748 1·5564 1·5601 1·5687 1·5775 1·5841 1·5898 1·5922 1·5969
0·6860 0·6830 0·6893 0·6946 0·6833 0·6867 0·6878 0·6767 0·6751 0·6725 0·6740 0·6729
1·2103 1·1938 1·2020 1·2271 1·2770 1·2650 1·2684 1·2811 1·2727 1·2611 1·2881 1·3213
0·836439 0·831579 0·835265 0·845230 0·857392 0·855854 0·858334 0·861541 0·859026 0·855862 0·864671 0·876058
2006 Week ended September 1 8 15 22 29
1·4195 1·4182 1·4222 1·4253 1·4164
7·4601 7·4605 7·4604 7·4604 7·4591
150·07 148·58 149·31 148·94 148·88
9·2661 9·3179 9·2438 9·2122 9·2821
1·5777 1·5821 1·5861 1·5873 1·5818
0·6742 0·6775 0·6770 0·6731 0·6733
1·2819 1·2780 1·2699 1·2709 1·2704
0·862436 0·860236 0·858777 0·858352 0·858056
October
6 13 20 27
1·4265 1·4209 1·4234 1·4210
7·4565 7·4556 7·4555 7·4551
149·71 149·95 149·00 150·06
9·3095 9·2613 9·2469 9·2130
1·5869 1·5919 1·5895 1·5915
0·6751 0·6752 0·6710 0·6706
1·2698 1·2553 1·2552 1·2603
0·858816 0·854482 0·853691 0·855639
November
3 10 17 24
1·4390 1·4454 1·4594 1·4725
7·4544 7·4576 7·4584 7·4557
149·40 150·70 151·10 151·11
9·1972 9·1292 9·0771 9·0726
1·5894 1·5956 1·5974 1·5883
0·6686 0·6709 0·6768 0·6760
1·2739 1·2779 1·2805 1·2914
0·858681 0·860880 0·862969 0·866099
December
1 8 15 22 29
1·4975 1·5227 1·5209 1·5173 1·5282
7·4546 7·4562 7·4545 7·4537 7·4559
153·06 153·13 154·94 155·59 156·55
9·0586 9·0496 9·0566 9·0079 9·0366
1·5882 1·5894 1·5952 1·6023 1·6062
0·6751 0·6754 0·6730 0·6712 0·6712
1·3172 1·3297 1·3197 1·3165 1·3167
0·874410 0·877835 0·875719 0·874784 0·875609
Note: Reference rates published by the European Central Bank. The exchange rate quoted for the SDR is calculated by the IMF. a The figure for SDR has been updated in light of revised data received from the IMF.
25
Quarterly Bulletin 1 2007
Table B7: Balance of Payments
\ million
2005 Year
Current account Merchandisea
2006 Q4
Q1
Q2
Q3
29,606 −10,091 −24,316 601
7,705 −2,889 −5,956 833
6,442 −1,905 −6,177 −384
7,106 −2,332 −6,263 −281
7,587 −1,733 −6,780 −229
Balance on current account
−4,200
−307
−2,024
−1,770
−1,155
Balance on capital account
266
189
73
3
5
Direct investment: • Equity • Reinvested earnings • Other capital
−35,944 −2,850 * *
−14,293 1,314 * *
241 −1,963 4,574 −2,369
−5,634 −2,740 * *
4,547 −6,414 3,950 7,010
Portfolio investment: • Equity • Debt instruments Bonds and notes Money market instruments
53,560 27,698 25,865 −12,971 38,836
22,243 9,485 12,759 −2,767 15,526
−25,948 18,081 −44,030 −25,922 −18,108
−13,144 9,229 −22,373 −2,888 −19,485
163 25,856 −25,693 −7,634 −18,059
Other investment: • Loans, currency and deposits • Other
−20,040 −2,179 −17,862
−9,683 −3,781 −5,901
28,766 16,504 12,262
20,085 21,560 −1,475
−2,292 −7,320 5,027
Reserve assetsb: • Monetary gold • Special drawing rights • Reserve position in the IMF • Foreign exchange • Other
1,472 14 −8 165 1,301 —
1,345 — −1 108 1,238 —
83 — −1 62 22 —
−58 — — −45 −13 —
68 — −1 17 52 —
Balance on financial account
−954
−388
3,142
1,250
2,486
4,889
506
−1,190
518
−1,335
Services Income Current transfers
Financial account
Net errors and omissions
a Adjusted for balance-of-payments purposes. b Computed on a transactions basis, i.e., change in total reserves less valuation changes and allocation of SDRs. * Suppressed for confidentiality reasons. Source: Central Statistics Office.
26
Quarterly Bulletin 1 2007
Section C
Banking and Other Financial Institutions
Quarterly Bulletin 1 2007
Table C1: Irish Monetary Sector: Consolidated Balance Sheet
\ million
2006
Return dates
30 June
31 July
31 Aug.
29 Sept.
31 Oct.
30 Nov.
Liabilities 1. Capital and reserves
33,505
33,983
34,252
34,809
37,570
37,836
2. Government deposits at Central Bank
6,386
5,766
5,987
4,857
4,775
8,893
3. Currency
6,671
6,754
6,652
6,750
6,718
6,831
156,704
160,057
162,156
164,061
166,679
165,164
806
898
957
978
1,041
1,099
1,097
1,283
1,412
1,515
1,312
1,548
2
2
10
3
3
3
8. Net external liability of all credit institutions
70,591
67,589
70,723
65,065
66,262
75,242
9. Other liabilities
49,340
46,357
47,295
50,614
51,103
51,727
325,102
322,690
329,444
328,654
335,462
348,343
287,862
292,221
295,716
301,673
307,831
314,069
775
1,151
1,225
1,057
1,216
1,366
5,706
4,697
5,245
4,534
4,522
4,209
724
737
741
729
729
664
5. Fixed assets
2,055
2,064
2,074
2,154
2,141
2,076
6. Other assets
27,980
21,820
24,443
18,508
19,023
25,960
4. Non-Government deposit accounts 5. Interest payable on non-Government deposits 6. Other general government deposits 7. Interest on general government deposits
Total
Assets 1. Non-Government credit 2. Accrued interest receivable on non-Government credit 3. Government credit 4. Official external reserves
Note: The data in the table relating to credit institutions refer only to their within-the-State offices.
29
Quarterly Bulletin 1 2007
Table C2: Financial Statement of the Central Bank and Financial Services Authority of Ireland a
\ million
1. Assets Gold and gold receivables
Claims on non-euro area residents in foreign currency
Claims on euro area residents in foreign currency
Claims on non-euro area residents in euro
Lending to euro area credit institutions in euro
of which: Main refinancing operations
Longer-term refinancing operations
Fine-tuning reverse operations
1
2
3
4
5
6
7
8
2005 25 November 30 December
76 76
790 641
26 47
2,323 2,142
21,391 20,990
8,869 10,099
12,522 10,891
— —
2006 27 January 24 February 31 March 28 April 26 May 30 June 28 July 25 August 29 September 27 October 24 November
84 84 93 93 93 91 91 91 91 92 92
618 653 611 641 639 614 636 638 623 526 561
31 32 29 36 38 37 38 38 38 70 37
2,449 2,418 2,092 2,257 2,143 2,220 2,155 2,347 2,423 2,367 3,167
20,282 20,845 23,729 22,126 22,890 26,001 26,269 27,608 30,360 28,024 28,882
9,546 9,566 10,800 9,455 10,219 11,594 10,835 12,174 14,316 11,928 12,765
10,736 11,279 12,929 12,671 12,671 14,407 15,434 15,434 16,044 16,096 16,096
— — — — — — — — — — —
2. Liabilities Banknotes in circulation
Liabilities to euro area credit institutions in euro
of which: Current Deposit accounts facility (covering the minimum reserve system)
Fixed-term deposits
Deposits related to margin calls
Fine-tuning reverse operations
1
2
3
5
6
4
Other liabilities to euro area credit institutions in euro
Debt Certificates issued
7
8
9
2005 25 November 30 December
6,493 6,706
7,893 8,252
7,893 8,252
— —
— —
— —
— —
— —
— —
2006 27 January 24 February 31 March 28 April 26 May 30 June 28 July 25 August 29 September 27 October 24 November
6,084 6,624 6,611 6,946 6,877 6,883 7,266 7,184 6,991 7,315 7,134
7,378 7,903 7,028 6,857 8,391 10,753 8,858 7,610 10,770 7,463 7,698
7,378 7,903 7,028 6,597 8,291 10,573 8,858 7,610 10,425 7,463 7,698
— — — 260 — 180 — — 345 — —
— — — — — — — — — — —
— — — — — — — — — — —
— — — — — — — — — — —
— — — — — — — — — — —
— — — — — — — — — — —
a Data relate to the last Friday of the month, except for December when they relate to the last working day. Note: An advance release calendar for the publication of the analytical accounts of the central bank and of the banking sector that meets the IMF’s SDDS requirements is published on the IMF Bulletin Board (internet address: http://dsbb.imf.org).
30
Quarterly Bulletin 1 2007
1. Assets
Structural reverse operations
Marginal Lending Facility
Credits related to margin calls
Other claims on euro area credit institutions in euro
Securities of euro area residents in euro
General government debt in euro
Other assets
Total assets
9
10
11
12
13
14
15
16
— —
— —
— —
847 945
4,964 5,016
— —
3,030 3,024
33,447 32,881
2005 25 November 30 December
— — — — — — — — — — —
— — — — — — — — — — 21
— — — — — — — — — — —
968 866 1,217 843 931 913 847 955 925 796 887
4,726 4,867 4,874 5,084 5,143 5,043 5,277 4,999 5,004 5,183 5,306
— — — — — — — — — — —
3,097 2,968 3,046 3,015 2,970 3,148 3,209 3,098 3,078 3,324 3,105
32,255 32,733 35,691 34,095 34,847 38,067 38,522 39,774 42,542 40,382 42,037
2006 27 January 24 February 31 March 28 April 26 May 30 June 28 July 25 August 29 September 27 October 24 November
2. Liabilities Liabilities to other euro area residents in euro
Liabilities to non-euro area residents in euro
Liabilities to euro area residents in foreign currency
Liabilities to non-euro area residents in foreign currency
Counterpart Revaluaof Special tion Drawing Rights accounts allocated by the IMF
Capital and reserves
Other liabilities
Total liabilities
10
11
12
13
14
15
16
17
18
7,799 4,240
24 11
— —
— —
105 105
313 313
1,267 1,234
9,553 12,020
33,447 32,881
2005 25 November 30 December
6,022 7,605 8,836 5,950 6,409 6,386 5,853 6,006 4,857 4,494 8,716
11 24 16 15 13 20 28 45 19 8 10
— — — — — — — — — — —
— — — — — — — — — — —
106 106 104 104 104 102 102 102 102 102 102
293 293 65 65 65 74 74 74 74 62 62
1,253 1,252 1,117 1,118 1,119 1,114 1,115 1,118 1,123 1,126 1,134
11,108 8,926 11,914 13,040 11,969 12,735 15,226 17,635 18,606 19,812 17,181
32,255 32,733 35,691 34,095 34,847 38,067 38,522 39,774 42,542 40,382 42,037
2006 27 January 24 February 31 March 28 April 26 May 30 June 28 July 25 August 29 September 27 October 24 November
31
Quarterly Bulletin 1 2007
Table C3: Credit Institutions: Aggregate Balance Sheet
\ million
30 June 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
35,323 123,704 26,001 26,001 — 2,438 156,704 33,336 36,911 53,018 2,836 19,895 10,615 24 69 17,574 1,254 3,430 12,890 24,474
7,721 130,410 — — — 2,651 24,500 483 1,500 14,159 553 7,714 90 — — 40,273 11,592 3,041 25,640 10,810
12,393 160,234 — — — 8,420 65,936 10,118 5,091 26,428 640 3,932 827 3 18,897 134,876 55,215 6,112 73,549 66,525
55,438 414,349 26,001 26,001 — 13,508 247,139 43,937 43,502 93,606 4,029 31,541 11,533 27 18,966 192,723 68,061 12,584 112,079 101,809
386,218
216,365
448,384
1,050,968
765 123,704 11,258 11,248 10 2,062 282,994 7,121 218 39,895 108,566 3,643 104,338 12,880 6,333 8,874 5,230 3,644 10 3,634 7,248 2,380 4,868 1,990 17,915
— 55,972 142 — 142 17,428 58,831 28 — 1,697 17,606 409 78 351 38,662 124,970 60,979 63,992 — 63,992 2,468 1,738 729 302 11,285
23 95,819 — — — 7,480 92,651 1,202 4,480 4,202 23,832 331 849 127 57,628 71,526 41,133 30,393 1,631 28,762 3,828 1,802 2,026 195 51,239
788 275,495 11,400 11,248 152 26,969 434,476 8,351 4,697 45,794 150,004 4,384 105,265 13,358 102,624 205,370 107,342 98,028 1,641 96,388 13,544 5,921 7,623 2,487 80,439
456,809
271,398
322,760
1,050,968
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
32
Quarterly Bulletin 1 2007
\ million
31 July 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
35,801 123,733 26,270 26,270 — 2,956 160,057 34,516 36,952 55,565 2,863 19,256 10,817 26 62 17,773 1,432 3,307 13,034 20,795
9,011 124,417 — — — 1,602 26,197 423 1,366 15,666 556 8,096 90 — — 40,413 10,975 2,752 26,686 10,301
12,437 164,184 — — — 6,981 65,684 6,555 5,377 28,992 733 4,092 784 3 19,148 142,284 55,398 6,192 80,694 62,494
57,249 412,335 26,270 26,270 — 11,538 251,938 41,495 43,695 100,223 4,152 31,444 11,692 29 19,210 200,470 67,804 12,251 120,414 93,590
387,385
211,940
454,063
1,053,388
793 123,733 7,823 7,823 — 1,053 287,352 7,343 166 39,708 111,349 3,671 105,324 13,483 6,309 8,838 5,194 3,644 10 3,634 7,249 2,380 4,870 1,998 16,135
— 54,030 142 — 142 17,395 62,883 65 — 1,848 17,915 418 75 279 42,284 127,197 63,451 63,746 — 63,746 3,111 1,670 1,441 306 10,532
25 99,284 — — — 7,562 95,497 1,443 5,815 4,369 24,714 329 863 128 57,837 75,305 42,711 32,594 3,759 28,836 3,852 1,847 2,005 199 41,095
818 277,047 7,965 7,823 142 26,010 445,732 8,850 5,981 45,925 153,978 4,418 106,261 13,889 106,430 211,340 111,356 99,984 3,769 96,215 14,212 5,897 8,316 2,502 67,762
454,974
275,596
322,819
1,053,388
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
33
Quarterly Bulletin 1 2007
Table C3: Credit Institutions: Aggregate Balance Sheet
\ million
31 August 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
Rest of World residents
36,082 125,703 28,028 28,028 — 2,692 162,156 34,654 38,036 56,638 2,818 18,968 10,981 26 34 18,210 1,627 3,376 13,208 21,449
9,055 123,187 — — — 2,521 26,577 426 1,482 15,378 551 8,491 248 — — 41,675 11,382 2,752 27,540 10,685
12,488 163,872 — — — 7,806 65,985 5,420 6,125 29,503 880 4,182 784 3 19,089 149,651 63,441 5,527 80,683 63,716
57,626 412,762 28,028 28,028 — 13,019 254,718 40,500 45,643 101,519 4,249 31,641 12,013 29 19,123 209,536 76,450 11,655 121,431 95,850
394,321
213,700
463,518
1,071,539
852 125,703 9,653 9,653 — 1,731 290,844 7,438 147 40,485 112,186 3,681 105,901 14,462 6,544 9,073 5,559 3,514 10 3,504 7,264 2,392 4,872 2,007 17,918
— 57,665 142 — 142 17,551 62,568 46 — 1,916 18,002 424 79 281 41,819 127,369 64,051 63,319 — 63,319 3,695 1,679 2,016 294 10,875
25 102,118 — — — 7,610 97,068 1,084 5,605 4,587 25,259 327 878 129 59,199 75,280 43,399 31,881 2,930 28,951 3,859 1,853 2,006 193 40,183
876 285,485 9,795 9,653 142 26,892 450,480 8,568 5,752 46,988 155,448 4,432 106,858 14,872 107,563 211,722 113,009 98,713 2,940 95,774 14,818 5,924 8,894 2,493 68,976
465,043
280,160
326,336
1,071,539
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
34
Quarterly Bulletin 1 2007
\ million
29 September 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
36,687 128,976 30,360 30,360 — 3,190 164,061 34,616 38,724 57,659 2,868 18,833 11,322 30 10 19,147 1,519 3,377 14,251 23,390
9,219 119,916 — — — 2,650 26,327 341 1,395 15,251 560 8,527 253 — — 42,138 11,375 2,752 28,011 10,870
12,427 171,035 — — — 7,876 63,266 5,260 5,416 29,591 1,748 3,807 766 4 16,673 157,129 67,750 5,290 84,089 63,630
58,333 419,927 30,360 30,360 — 13,715 253,654 40,217 45,534 102,501 5,177 31,167 12,341 35 16,683 218,414 80,644 11,420 126,350 97,890
405,811
211,120
475,363
1,092,294
802 128,976 11,222 10,877 345 1,049 296,649 7,862 162 40,674 114,263 3,667 107,965 14,946 7,110 9,020 5,535 3,485 10 3,475 7,462 2,438 5,023 2,088 13,609
— 60,630 143 — 143 17,546 62,905 33 — 2,123 17,815 422 87 281 42,145 128,813 64,889 63,924 — 7 63,924 2,951 1,670 1,281 296 10,640
23 101,765 2 — 2 7,657 101,418 1,358 6,175 5,178 25,098 322 916 127 62,243 80,027 45,358 34,669 3,997 29,672 3,678 1,851 1,828 193 42,730
825 291,371 11,367 10,877 490 26,251 460,972 9,253 6,337 47,975 157,176 4,412 108,968 15,354 111,499 217,860 115,782 102,077 5,007 97,070 14,091 5,959 8,312 2,577 66,979
470,877
283,924
337,493
1,092,294
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
35
Quarterly Bulletin 1 2007
Table C3: Credit Institutions: Aggregate Balance Sheet
\ million
31 October 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
39,490 134,228 28,024 28,024 — 3,010 166,679 35,289 38,753 59,475 2,912 18,880 11,304 28 38 19,654 1,466 3,483 14,705 23,159
9,266 119,047 — — — 2,368 27,102 471 1,054 16,051 558 8,712 256 — — 41,863 11,221 2,108 28,533 10,635
13,948 175,531 — — — 8,274 71,491 13,636 7,270 28,977 1,335 3,893 771 2 15,607 165,995 75,145 5,112 85,738 59,795
62,704 428,806 28,024 28,024 — 13,652 265,271 49,395 47,077 104,503 4,804 31,485 12,332 31 15,645 227,512 87,832 10,704 128,975 93,589
414,245
210,280
495,033
1,119,557
905 134,228 8,086 7,856 230 1,131 302,751 7,548 153 41,567 117,289 3,609 110,007 15,133 7,446 9,332 5,941 3,391 10 3,381 7,560 2,480 5,080 2,075 14,437
— 58,707 144 — 144 17,890 63,906 33 — 1,796 18,433 420 88 286 42,850 127,776 65,783 61,993 — 61,993 2,944 1,662 1,282 328 10,376
17 124,742 — — — 7,532 103,802 1,120 4,310 5,108 26,731 339 930 129 65,135 78,565 45,005 33,560 3,516 30,044 4,341 1,857 2,484 203 37,778
922 317,678 8,230 7,856 374 26,553 470,459 8,701 4,463 48,470 162,454 4,368 111,025 15,549 115,430 215,672 116,729 98,944 3,526 95,417 14,845 5,999 8,846 2,606 62,592
480,507
282,071
356,980
1,119,557
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
36
Quarterly Bulletin 1 2007
\ million
30 November 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
39,662 140,877 27,939 27,939 — 3,152 165,164 34,560 38,673 58,566 3,454 18,562 11,313 34 1 20,163 1,417 3,773 14,974 23,990
9,360 117,285 — — — 2,720 26,787 382 1,285 15,585 543 8,742 250 — — 44,052 11,129 2,107 30,816 9,281
12,145 198,933 — — — 7,804 69,189 13,130 7,363 27,047 1,518 3,981 731 2 15,417 170,877 76,018 5,185 89,674 62,933
61,167 457,094 27,939 27,939 — 13,677 261,139 48,072 47,321 101,198 5,515 31,285 12,294 36 15,418 235,093 88,564 11,065 135,464 96,204
420,946
209,485
521,881
1,152,312
837 140,877 8,983 8,983 — 1,067 308,983 7,618 19 42,283 120,244 3,587 112,205 15,685 7,343 9,580 6,438 3,142 10 3,132 7,480 2,394 5,086 2,009 16,373
— 62,862 140 — 140 17,742 65,206 57 — 1,413 18,917 403 94 286 44,037 127,513 66,159 61,354 — 61,354 2,945 1,662 1,283 323 9,637
21 135,328 2 — 2 7,311 104,174 1,135 4,813 5,746 25,755 336 960 129 65,300 77,979 45,188 32,791 2,753 30,038 4,344 1,852 2,492 202 40,394
858 339,067 9,125 8,983 142 26,121 478,363 8,809 4,832 49,442 164,916 4,326 113,258 16,099 116,681 215,072 117,785 97,288 2,763 94,525 14,769 5,908 8,862 2,535 66,403
496,188
286,368
369,755
1,152,312
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
Liabilities a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
37
Quarterly Bulletin 1 2007
Table C4: Credit Institutions: Retail Clearing: Aggregate Balance Sheet
\ million
30 June 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
13,556 52,448 6,249 6,249 — 1,910 90,806 28,639 25,890 21,822 886 10,493 3,005 2 69 11,674 77 2,871 8,726 10,980
— 17,342 — — — 1,450 2,268 49 96 2,070 1 46 6 — — 5,648 1,829 — 3,819 1,760
3,869 56,811 — — — 4,502 14,318 532 2,094 5,675 33 2,141 128 2 3,713 25,641 13,425 38 12,178 11,252
17,425 126,600 6,249 6,249 — 7,862 107,392 29,220 28,079 29,567 920 12,681 3,139 4 3,782 42,963 15,332 2,909 24,722 23,992
187,623
28,467
116,394
332,484
702 60,968 5,130 5,119 10 1,361 139,638 6,100 218 20,278 65,685 1,412 41,530 3,279 1,137 4,930 1,909 3,021 — 3,021 2,180 1,607 574 1,298 6,597
— 5,108 — — — — 3,368 2 — 16 1,285 — 29 — 2,035 22,109 13,746 8,363 — 8,363 — — — — 804
20 46,761 — — — 1 10,740 373 32 257 6,543 — 470 9 3,057 17,926 14,450 3,476 1 3,475 964 896 68 — 1,877
722 112,838 5,130 5,119 10 1,363 153,747 6,475 250 20,551 73,512 1,412 42,029 3,288 6,229 44,965 30,104 14,861 1 14,859 3,144 2,503 642 1,299 9,278
222,805
31,389
78,290
332,484
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
38
Quarterly Bulletin 1 2007
\ million
31 July 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
13,928 57,176 5,491 5,491 — 2,111 92,023 29,338 25,671 22,970 930 10,108 2,943 2 62 11,764 53 2,848 8,863 9,434
— 14,505 — — — 480 2,313 49 104 2,108 1 46 5 — — 6,907 2,084 — 4,823 1,674
3,903 59,161 — — — 2,905 13,658 581 2,025 6,138 15 2,201 124 2 2,572 28,584 13,962 38 14,584 10,985
17,831 130,842 5,491 5,491 — 5,495 107,995 29,969 27,800 31,216 946 12,355 3,073 4 2,634 47,255 16,099 2,886 28,270 22,093
191,927
25,880
119,195
337,002
742 65,579 1,918 1,918 — 334 142,652 6,373 166 20,451 67,102 1,434 42,372 3,651 1,105 4,901 1,881 3,020 — 3,020 2,181 1,607 574 1,311 6,399
— 1,632 — — — — 3,371 2 — 18 1,374 — 30 — 1,946 23,218 14,979 8,239 — 8,239 — — — — 768
21 48,803 — — — 1 10,974 312 52 207 6,770 — 480 9 3,145 19,272 15,576 3,696 1 3,695 964 896 68 — 1,959
763 116,014 1,918 1,918 — 336 156,997 6,687 218 20,676 75,245 1,434 42,882 3,660 6,195 47,391 32,436 14,955 1 14,954 3,145 2,503 643 1,311 9,127
226,018
28,990
81,994
337,002
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
39
Quarterly Bulletin 1 2007
Table C4: Credit Institutions: Retail Clearing: Aggregate Balance Sheet
\ million
31 August 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
14,021 56,065 5,896 5,896 — 2,067 93,041 29,536 26,422 23,172 946 10,034 2,894 2 34 11,876 60 2,849 8,967 10,272
— 14,429 — — — 952 2,435 49 127 2,207 1 46 5 — — 6,988 1,523 — 5,465 1,923
3,938 59,086 — — — 3,556 13,887 582 1,994 6,676 16 2,205 121 2 2,291 30,793 16,061 63 14,669 12,395
17,959 129,580 5,896 5,896 — 6,576 109,363 30,167 28,544 32,055 963 12,285 3,020 4 2,326 49,658 17,645 2,912 29,101 24,591
193,238
26,727
123,656
343,621
781 64,176 2,834 2,834 — 999 145,030 6,446 147 20,710 68,523 1,436 43,148 3,458 1,161 5,174 2,227 2,946 — 2,946 2,182 1,607 575 1,323 6,837
— 1,788 — — — — 3,628 2 — 109 1,543 — 31 — 1,943 24,138 15,496 8,642 — 8,642 — — — — 822
22 49,632 — — — 2 11,354 297 178 253 6,908 — 488 10 3,222 19,856 16,113 3,743 1 3,742 965 896 69 — 2,079
803 115,596 2,834 2,834 — 1,001 160,013 6,744 325 21,073 76,974 1,436 43,667 3,468 6,325 49,168 33,836 15,332 1 15,330 3,146 2,503 644 1,323 9,739
229,334
30,377
83,910
343,621
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
40
Quarterly Bulletin 1 2007
\ million
29 September 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
13,957 56,880 6,357 6,357 — 2,364 93,718 29,361 27,035 23,508 967 9,981 2,854 2 10 13,357 53 2,849 10,455 11,118
— 13,070 — — — 957 1,398 42 83 1,221 2 46 4 — — 6,968 1,500 — 5,468 2,034
3,946 61,290 — — — 3,650 12,832 552 2,041 6,084 19 2,219 120 2 1,795 34,444 17,861 63 16,519 12,421
17,903 131,240 6,357 6,357 — 6,971 107,948 29,955 29,158 30,813 987 12,246 2,979 4 1,806 54,769 19,414 2,912 32,443 25,573
197,750
24,427
128,583
350,760
734 65,064 4,139 4,139 — 316 148,041 6,741 162 20,947 70,056 1,439 43,934 3,531 1,231 5,093 2,175 2,918 — 2,918 2,225 1,650 575 1,390 6,123
— 2,759 — — — — 3,722 1 — 127 1,538 — 33 — 2,022 24,497 15,607 8,890 — 8,890 — — — — 1,014
20 50,706 2 — 2 2 11,080 248 178 257 6,387 — 504 10 3,497 20,478 16,669 3,809 — 3,809 965 896 69 — 2,389
755 118,530 4,141 4,139 2 318 162,843 6,990 340 21,331 77,980 1,439 44,471 3,541 6,750 50,068 34,451 15,617 — 15,617 3,190 2,546 644 1,390 9,526
233,126
31,991
85,643
350,760
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
41
Quarterly Bulletin 1 2007
Table C4: Credit Institutions: Retail Clearing: Aggregate Balance Sheet
\ million
31 October 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
14,260 57,606 6,520 6,520 — 2,235 95,463 30,308 26,971 24,333 1,014 9,965 2,832 2 38 13,658 53 2,952 10,653 11,723
— 14,355 — — — 675 1,995 44 142 1,756 2 47 4 — — 6,824 1,359 — 5,465 1,983
3,977 63,828 — — — 3,338 13,413 1,250 2,531 5,514 21 2,243 117 2 1,735 34,351 17,509 79 16,763 13,163
18,237 135,789 6,520 6,520 — 6,249 110,871 31,603 29,644 31,602 1,037 12,254 2,954 4 1,773 54,834 18,921 3,031 32,881 26,869
201,466
25,833
132,072
359,371
841 66,003 1,343 1,343 — 397 151,010 6,665 153 20,154 72,589 1,431 44,554 3,702 1,761 5,388 2,453 2,934 — 2,934 2,266 1,690 576 1,411 6,436
— 3,688 — — — — 3,913 2 — 134 1,566 — 32 — 2,178 25,438 16,289 9,148 — 9,148 — — — — 1,125
14 53,697 — — — 1 11,734 223 31 315 7,213 — 517 11 3,423 20,712 16,577 4,135 — 4,135 1,413 896 517 — 2,542
854 123,388 1,343 1,343 — 398 166,656 6,890 184 20,603 81,368 1,431 45,103 3,714 7,362 51,537 35,319 16,218 — 16,218 3,679 2,586 1,092 1,411 10,103
235,094
34,164
90,113
359,371
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
42
Quarterly Bulletin 1 2007
\ million
30 November 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
14,232 59,345 6,078 6,078 — 2,273 94,832 29,678 26,832 24,757 999 9,829 2,733 2 1 14,149 51 3,248 10,850 12,154
— 11,993 — — — 1,415 1,509 42 64 1,349 2 47 4 — — 6,959 1,493 — 5,466 1,972
3,923 68,631 — — — 3,150 14,144 904 3,532 5,231 41 2,241 115 2 2,078 33,702 17,101 128 16,472 13,076
18,155 139,969 6,078 6,078 — 6,839 110,484 30,625 30,428 31,338 1,041 12,116 2,853 4 2,079 54,810 18,645 3,375 32,789 27,202
203,063
23,847
136,626
363,536
754 68,394 2,373 2,373 — 329 154,897 6,779 19 21,272 74,510 1,421 45,432 3,695 1,768 5,277 2,617 2,659 — 2,659 2,253 1,677 576 1,333 6,436
— 3,282 — — — — 4,003 2 — 127 1,604 — 34 — 2,236 25,990 16,448 9,542 — 9,542 — — — — 991
17 53,072 2 — 2 1 10,749 185 — 255 6,385 — 531 11 3,382 19,613 15,531 4,082 — 4,082 1,413 896 516 — 2,359
771 124,747 2,375 2,373 2 330 169,649 6,966 19 21,654 82,499 1,421 45,998 3,707 7,386 50,880 34,597 16,283 — 16,283 3,666 2,573 1,092 1,333 9,786
242,045
34,266
87,226
363,536
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
43
Quarterly Bulletin 1 2007
Table C5: Credit Institutions: Non-Clearing with Predominantly Domestic Business: Aggregate Balance Sheet
\ million
30 June 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
12,562 36,024 7,303 7,303 — 483 56,571 3,735 9,539 24,927 1,950 8,797 7,601 22 — 5,409 928 559 3,922 4,820
2,709 35,374 — — — 551 6,020 31 18 5,545 4 337 85 — — 12,616 7,740 754 4,122 3,185
4,155 54,565 — — — 2,715 24,375 116 1,581 11,093 533 637 266 1 10,147 55,062 30,999 3,881 20,181 10,815
19,426 125,963 7,303 7,303 — 3,750 86,966 3,882 11,139 41,565 2,487 9,771 7,952 23 10,147 73,086 39,667 5,194 28,225 18,820
123,171
60,454
151,688
335,314
63 39,514 3,200 3,200 — 124 125,170 686 — 13,768 34,375 2,222 62,808 9,600 1,711 1,694 1,265 429 10 419 4,347 682 3,665 646 3,899
— 11,862 33 — 33 6,098 9,802 — — 385 2,214 — 35 29 7,138 34,366 6,680 27,686 — 27,686 1,498 1,483 15 — 2,532
3 28,766 — — — 3,830 32,292 39 709 2,518 11,757 6 379 108 16,776 18,772 8,377 10,395 — 10,395 975 620 355 — 5,828
66 80,142 3,232 3,200 33 10,052 167,264 725 709 16,672 48,346 2,228 63,221 9,738 25,625 54,832 16,323 38,509 10 38,499 6,820 2,784 4,036 646 12,258
178,657
66,190
90,467
335,314
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
44
Quarterly Bulletin 1 2007
\ million
31 July 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
12,687 34,590 7,488 7,488 — 571 58,291 3,838 9,669 26,441 1,933 8,562 7,824 24 — 5,420 1,032 459 3,929 3,959
2,729 34,576 — — — 1 6,219 31 19 5,742 4 338 85 — — 10,802 6,211 465 4,125 3,212
4,165 57,254 — — — 2,846 27,413 89 2,295 13,404 643 676 285 1 10,021 56,414 30,575 4,027 21,812 12,289
19,581 126,420 7,488 7,488 — 3,419 91,922 3,957 11,983 45,586 2,580 9,576 8,193 25 10,021 72,636 37,818 4,951 29,867 19,460
123,006
57,539
160,381
340,925
51 36,775 3,146 3,146 — 127 126,682 656 — 14,182 35,073 2,228 62,952 9,832 1,760 1,695 1,266 429 10 419 4,348 681 3,667 643 4,123
— 11,534 33 — 33 6,102 13,342 1 — 439 2,337 — 27 28 10,510 34,733 6,862 27,872 — 27,872 1,458 1,443 15 — 2,377
4 31,523 — — — 3,857 33,902 19 816 2,611 12,327 9 383 108 17,630 19,025 8,709 10,317 — 10,317 1,021 662 359 — 4,424
54 79,832 3,179 3,146 33 10,086 173,926 675 816 17,232 49,736 2,237 63,361 9,969 29,901 55,454 16,836 38,617 10 38,607 6,827 2,787 4,041 643 10,924
177,590
69,578
93,757
340,925
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
45
Quarterly Bulletin 1 2007
Table C5: Credit Institutions: Non-Clearing with Predominantly Domestic Business: Aggregate Balance Sheet
\ million
31 August 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
12,802 34,607 7,960 7,960 — 516 59,233 3,965 9,843 27,099 1,863 8,367 8,073 24 — 5,699 1,189 511 3,999 4,219
2,760 35,504 — — — 1 6,629 29 26 6,066 4 418 84 — — 11,793 7,195 465 4,133 3,331
4,179 55,552 — — — 3,026 27,165 101 2,055 13,179 790 766 289 1 9,984 61,260 36,025 3,440 21,794 13,385
19,741 125,663 7,960 7,960 — 3,543 93,027 4,095 11,924 46,344 2,657 9,552 8,446 25 9,984 78,752 44,409 4,416 29,926 20,934
125,035
60,017
164,567
349,619
71 38,405 3,264 3,264 — 127 127,668 677 — 14,645 34,617 2,235 62,753 11,004 1,738 1,641 1,259 382 10 372 4,356 688 3,668 643 3,258
— 14,060 33 — 33 6,313 13,124 — — 367 2,328 — 27 29 10,373 33,884 7,022 26,862 — 26,862 1,467 1,443 25 — 2,482
3 33,373 — — — 3,872 35,515 30 1,091 2,689 12,420 9 390 109 18,777 19,200 8,829 10,370 — 10,370 1,030 666 364 — 5,830
74 85,838 3,297 3,264 33 10,312 176,306 707 1,091 17,701 49,365 2,244 63,170 11,141 30,887 54,724 17,110 37,614 10 37,604 6,854 2,797 4,057 643 11,570
179,433
71,364
98,822
349,619
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
46
Quarterly Bulletin 1 2007
\ million
29 September 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
12,936 33,259 9,791 9,791 — 766 60,709 3,885 10,050 28,107 1,893 8,293 8,453 28 — 5,297 1,231 513 3,554 4,575
2,783 31,285 — — — 251 7,183 21 14 6,636 4 421 87 — — 11,507 6,431 465 4,610 3,278
4,170 59,434 — — — 2,982 26,626 98 1,934 13,625 1,151 782 293 3 8,741 64,069 38,584 3,496 21,988 13,799
19,889 123,978 9,791 9,791 — 4,000 94,518 4,004 11,998 48,368 3,049 9,496 8,832 31 8,741 80,873 46,246 4,474 30,152 21,652
127,334
56,287
171,080
354,701
68 41,270 3,736 3,736 — 127 129,852 725 — 14,663 34,987 2,218 64,031 11,415 1,813 1,644 1,262 382 10 372 4,510 691 3,819 658 3,406
— 13,210 33 — 33 5,657 10,655 1 — 667 2,050 — 30 29 7,880 34,616 7,147 27,469 — 27,469 1,458 1,443 15 — 2,408
3 31,844 — — — 3,853 37,986 8 1,241 3,214 12,665 11 412 108 20,326 20,025 9,308 10,717 — 10,717 879 664 215 — 6,803
71 86,324 3,769 3,736 33 9,637 178,493 733 1,241 18,544 49,702 2,230 64,473 11,551 30,019 56,285 17,717 38,568 10 38,558 6,847 2,798 4,049 658 12,618
185,271
68,037
101,392
354,701
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
47
Quarterly Bulletin 1 2007
Table C5: Credit Institutions: Non-Clearing with Predominantly Domestic Business: Aggregate Balance Sheet
\ million
31 October 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
13,037 35,725 7,668 7,668 — 755 61,251 3,854 10,039 28,668 1,891 8,358 8,415 26 — 5,395 1,070 516 3,810 4,501
2,788 29,893 — — — 312 7,645 28 15 7,135 5 372 89 — — 11,156 6,017 521 4,619 3,086
4,190 59,918 — — — 3,532 25,279 100 2,092 13,335 724 845 302 1 7,879 69,508 42,623 3,804 23,081 12,413
20,015 125,536 7,668 7,668 — 4,599 94,175 3,982 12,146 49,139 2,620 9,576 8,806 27 7,879 86,060 49,710 4,841 31,509 20,000
128,333
54,880
174,840
358,053
65 42,630 3,691 3,461 230 127 133,119 570 — 16,091 35,642 2,164 65,452 11,431 1,769 1,675 1,294 382 10 372 4,568 693 3,875 626 3,554
— 11,659 34 — 34 5,966 10,772 3 — 372 2,476 — 30 29 7,861 32,557 7,367 25,191 — 25,191 1,458 1,443 15 — 2,448
3 34,247 — — — 3,627 38,201 14 685 2,892 13,054 11 413 108 21,025 20,248 9,389 10,859 — 10,859 885 668 217 — 5,894
68 88,536 3,724 3,461 264 9,720 182,092 588 685 19,355 51,172 2,175 65,895 11,568 30,655 54,481 18,049 36,431 10 36,421 6,910 2,803 4,107 626 11,896
190,054
64,892
103,106
358,053
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
48
Quarterly Bulletin 1 2007
\ million
30 November 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
13,369 40,035 7,563 7,563 — 789 61,272 3,999 9,988 28,433 2,110 8,184 8,526 31 — 5,413 1,021 510 3,881 4,638
2,814 29,743 — — — 617 7,858 27 21 7,344 4 373 89 — — 11,044 5,797 521 4,726 2,642
4,178 62,260 — — — 3,253 22,524 116 1,888 12,211 895 912 304 1 6,197 69,973 41,478 3,996 24,499 12,299
20,362 132,039 7,563 7,563 — 4,659 91,653 4,142 11,896 47,988 3,009 9,469 8,919 32 6,197 86,429 48,296 5,027 33,106 19,578
133,078
54,718
174,487
362,283
83 45,725 3,461 3,461 — 127 135,678 509 — 15,772 36,690 2,157 66,772 11,990 1,789 1,744 1,363 381 10 371 4,567 693 3,874 640 3,319
— 11,306 33 — 33 5,868 10,611 3 — 380 2,543 — 31 29 7,626 32,018 7,327 24,690 — 24,690 1,458 1,443 15 — 2,461
4 33,839 — — — 3,469 38,089 31 121 3,491 12,585 11 429 108 21,314 20,676 9,637 11,039 — 11,039 881 665 216 — 6,227
86 90,870 3,494 3,461 33 9,464 184,378 543 121 19,643 51,818 2,168 67,232 12,126 30,728 54,438 18,328 36,111 10 36,101 6,906 2,801 4,104 640 12,007
195,345
63,754
103,184
362,283
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
49
Quarterly Bulletin 1 2007
Table C6: Credit Institutions: Non-Clearing with Predominantly Foreign Business: Aggregate Balance Sheet
\ million
30 June 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
9,206 35,233 12,449 12,449 — 45 9,327 963 1,481 6,270 — 604 9 — — 490 248 — 242 8,674
5,012 77,695 — — — 649 16,212 403 1,386 6,544 548 7,331 — — — 22,010 2,024 2,287 17,699 5,866
4,369 48,858 — — — 1,202 27,243 9,470 1,416 9,660 74 1,154 433 — 5,036 54,174 10,791 2,193 41,190 44,458
18,587 161,785 12,449 12,449 — 1,896 52,781 10,835 4,284 22,473 622 9,089 442 — 5,036 76,674 13,062 4,480 59,131 58,997
75,424
127,444
180,302
383,170
— 23,222 2,928 2,928 — 577 18,186 336 — 5,848 8,506 9 — — 3,486 2,250 2,056 194 — 194 720 91 629 45 7,419
— 39,001 109 — 109 11,330 45,661 26 — 1,295 14,107 409 14 322 29,488 68,496 40,553 27,943 — 27,943 970 256 714 302 7,949
— 20,291 — — — 3,648 49,618 790 3,738 1,427 5,532 326 — 10 37,795 34,827 18,306 16,521 1,630 14,892 1,889 286 1,603 195 43,535
— 82,515 3,038 2,928 109 15,555 113,465 1,152 3,738 8,570 28,145 744 14 332 70,769 105,573 60,915 44,659 1,630 43,029 3,579 633 2,946 542 58,903
55,348
173,819
154,003
383,170
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
50
Quarterly Bulletin 1 2007
\ million
31 July 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
9,186 31,968 13,291 13,291 — 274 9,744 1,341 1,613 6,153 — 586 50 — — 588 346 — 242 7,402
6,282 75,336 — — — 1,120 17,665 343 1,242 7,817 551 7,712 — — — 22,704 2,679 2,287 17,737 5,414
4,369 47,769 — — — 1,230 24,613 5,885 1,057 9,451 74 1,215 376 — 6,555 57,286 10,861 2,127 44,298 39,220
19,837 155,073 13,291 13,291 — 2,624 52,021 7,569 3,912 23,421 625 9,513 425 — 6,555 80,579 13,887 4,414 62,278 52,036
72,452
128,522
174,487
375,461
— 21,380 2,759 2,759 — 591 18,017 315 — 5,075 9,174 9 — — 3,444 2,242 2,046 195 — 195 720 91 629 44 5,614
— 40,864 109 — 109 11,293 46,170 62 — 1,391 14,205 418 18 250 29,827 69,246 41,611 27,635 — 27,635 1,653 227 1,426 306 7,386
— 18,958 — — — 3,704 50,621 1,111 4,948 1,551 5,618 320 — 10 37,063 37,008 18,426 18,582 3,757 14,824 1,867 288 1,578 199 34,712
— 81,202 2,868 2,759 109 15,588 114,809 1,488 4,948 8,017 28,997 747 18 260 70,334 108,495 62,084 46,412 3,757 42,654 4,240 607 3,632 548 47,712
51,366
177,027
147,068
375,461
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
51
Quarterly Bulletin 1 2007
Table C6: Credit Institutions: Non-Clearing with Predominantly Foreign Business: Aggregate Balance Sheet
\ million
31 August 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
9,260 35,030 14,172 14,172 — 109 9,883 1,153 1,772 6,368 9 567 14 — — 635 378 16 242 6,958
6,296 73,254 — — — 1,568 17,513 347 1,329 7,105 546 8,027 159 — — 22,894 2,664 2,287 17,942 5,432
4,371 49,234 — — — 1,225 24,932 4,738 2,075 9,647 74 1,210 374 — 6,813 57,598 11,354 2,024 44,220 37,936
19,926 157,519 14,172 14,172 — 2,901 52,328 6,238 5,176 23,120 630 9,804 547 — 6,813 81,127 14,396 4,327 62,404 50,326
76,047
126,956
175,295
378,298
— 23,122 3,555 3,555 — 604 18,147 315 — 5,130 9,046 10 — — 3,645 2,259 2,072 186 — 186 727 97 629 41 7,822
— 41,816 109 — 109 11,238 45,816 44 — 1,439 14,132 424 21 252 29,504 69,348 41,533 27,814 — 27,814 2,228 236 1,991 294 7,571
— 19,113 — — — 3,737 50,199 758 4,336 1,645 5,931 319 — 10 37,201 36,224 18,456 17,767 2,929 14,839 1,864 291 1,573 193 32,274
— 84,051 3,664 3,555 109 15,579 114,162 1,117 4,336 8,214 29,109 753 21 263 70,350 107,830 62,062 45,768 2,929 42,839 4,818 625 4,193 527 47,667
56,276
178,419
143,604
378,298
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
52
Quarterly Bulletin 1 2007
\ million
29 September 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
9,794 38,837 14,212 14,212 — 60 9,635 1,370 1,638 6,043 9 559 15 — — 493 235 16 242 7,696
6,436 75,561 — — — 1,441 17,746 278 1,298 7,395 554 8,060 162 — — 23,664 3,444 2,287 17,932 5,559
4,311 50,311 — — — 1,243 23,808 4,610 1,442 9,882 578 806 353 — 6,137 58,616 11,304 1,730 45,581 37,411
20,541 164,709 14,212 14,212 — 2,744 51,189 6,258 4,378 23,320 1,141 9,425 530 — 6,137 82,772 14,983 4,033 63,755 50,666
80,727
130,406
175,700
386,833
— 22,641 3,347 3,002 345 605 18,757 397 — 5,064 9,220 9 — — 4,066 2,283 2,097 186 — 186 727 97 629 39 4,080
— 44,660 110 — 110 11,889 48,528 31 — 1,329 14,228 422 23 252 32,243 69,700 42,136 27,564 — 27,564 1,494 228 1,266 296 7,218
— 19,215 — — — 3,803 52,352 1,103 4,755 1,706 6,047 311 — 10 38,420 39,523 19,381 20,143 4,997 15,146 1,835 290 1,545 193 33,537
— 86,517 3,457 3,002 455 16,297 119,637 1,530 4,755 8,100 29,494 743 24 262 74,730 111,506 63,614 47,892 4,997 42,895 4,055 615 3,440 529 44,835
52,480
183,895
150,458
386,833
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
53
Quarterly Bulletin 1 2007
Table C6: Credit Institutions: Non-Clearing with Predominantly Foreign Business: Aggregate Balance Sheet
\ million
31 October 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
12,192 40,898 13,836 13,836 — 20 9,965 1,127 1,744 6,474 6 557 57 — — 601 343 16 242 6,935
6,479 74,798 — — — 1,380 17,462 399 896 7,160 552 8,293 162 — — 23,882 3,845 1,587 18,449 5,566
5,780 51,785 — — — 1,403 32,799 12,285 2,647 10,127 589 804 353 — 5,993 62.136 15,013 1,229 45,893 34,218
24,452 167,481 13,836 13,836 — 2,803 60,226 13,810 5,287 23,762 1,147 9,655 572 — 5,993 86,618 19,201 2,832 64,585 46,720
84,446
129,567
188,121
402,134
— 25,595 3,052 3,052 — 607 18,623 312 — 5,322 9,059 13 — — 3, 916 2,269 2,194 75 — 75 726 97 629 37 4,448
— 43,361 110 — 110 11,924 49,221 28 — 1,289 14,391 420 26 257 32,810 69,781 42,127 27,654 — 27,654 1,487 220 1,267 328 6,803
— 36,798 — — — 3,903 53,867 883 3,594 1,901 6,463 328 — 10 40,687 37,604 19,039 18,566 3,516 15,050 2,044 293 1,751 203 29,342
— 105,754 3,162 3,052 110 16,435 121,711 1,223 3,594 8,512 29,913 761 27 267 77,413 109,654 63,360 46,295 3,516 42,778 4,257 610 3,647 569 40,593
55,358
183,015
163,761
402,134
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
54
Quarterly Bulletin 1 2007
\ million
30 November 2006
Vis-a`-vis
Irish residents
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Other Monetary Union residents
Rest of World residents
Total
12,061 41,496 14,298 14,298 — 90 9,060 883 1,853 5,376 346 549 54 — — 602 345 15 242 7,198
6,545 75,548 — — — 688 17,420 313 1,200 6,892 536 8,322 157 — — 26,049 3,840 1,586 20,624 4,668
4,044 68,042 — — — 1,400 32,521 12,110 1,943 9,605 583 828 311 — 7,141 67,203 17,438 1,062 48,703 37,558
22,650 185,086 14,298 14,298 — 2,179 59,001 13,305 4,996 21,873 1,465 9,699 522 — 7,141 93,854 21,623 2,663 69,569 49,424
84,806
130,919
210,767
426,492
— 26,758 3,149 3,149 — 611 18,407 329 — 5,239 9,043 9 — — 3,786 2,559 2,458 102 — 102 660 23 636 37 6,617
— 48,274 106 — 106 11,874 50,592 52 — 906 14,770 403 29 257 34,176 69,506 42,384 27,122 — 27,122 1,487 219 1,268 323 6,185
— 48,417 — — — 3,842 55,336 919 4,692 2,000 6,786 325 — 10 40,604 37,689 20,019 17,670 2,753 14,918 2,051 290 1,760 202 31,808
— 123,450 3,255 3,149 106 16,327 124,336 1,300 4,692 8,145 30,599 737 29 267 78,566 109,754 64,860 44,894 2,753 42,141 4,198 533 3,665 562 44,610
58,798
188,348
179,346
426,492
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
55
Quarterly Bulletin 1 2007
Table C7: Credit Institutions: Mortgage Lenders: Aggregate Balance Sheet
\ million
30 June 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
20,479 73,887 7,972 7,972 — 2,187 130,682 31,221 33,156 38,343 2,668 18,124 7,076 24 69 16,257 234 3,430 12,592 12,830
2,239 24,709 — — — 1,450 5,786 53 105 5,289 5 322 13 — — 9,424 1,850 554 7,020 2,056
5,705 80,950 — — — 6,052 22,168 565 2,749 12,010 180 2,411 263 3 3,987 44,882 22,563 1,076 21,243 12,252
28,423 179,547 7,972 7,972 — 9,689 158,636 31,839 36,011 55,643 2,854 20,857 7,351 27 4,056 70,562 24,647 5,061 40,854 27,137
264,293
45,663
172,009
481,966
764 76,247 6,978 6,968 10 1,395 236,147 6,465 218 21,232 85,137 3,326 104,217 12,879 2,673 6,266 2,890 3,375 — 3,375 5,819 1,741 4,078 1,909 9,324
— 6,119 — — — — 3,542 2 — 18 1,386 — 56 29 2,050 27,693 16,077 11,615 — 11,615 15 — 15 — 991
23 60,010 — — — 7 15,795 376 32 263 7,553 6 820 117 6,628 20,181 16,571 3,610 1 3,609 1,040 940 100 — 1,700
787 142,376 6,978 6,968 10 1,401 255,485 6,844 250 21,513 94,076 3,332 105,093 13,026 11,352 54,139 35,539 18,600 1 18,599 6,874 2,681 4,194 1,910 12,016
344,850
38,360
98,756
481,966
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
56
Quarterly Bulletin 1 2007
\ million
31 July 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
20,892 78,908 7,463 7,463 — 2,480 132,780 31,983 33,032 40,361 2,702 17,499 7,116 26 62 16,305 261 3,307 12,737 11,349
2,261 21,706 — — — 480 6,023 53 113 5,519 5 320 13 — — 10,399 2,106 265 8,028 1,902
5,737 83,412 — — — 4,669 21,670 616 2,852 12,431 192 2,472 259 3 2,846 48,045 23,257 1,077 23,710 11,979
28,890 184,026 7,463 7,463 — 7,629 160,472 32,652 35,996 58,311 2,899 20,291 7,387 29 2,907 74,748 25,625 4,649 44,475 25,230
270,177
42,770
175,512
488,459
792 80,977 3,589 3,589 — 371 240,215 6,732 166 21,478 87,094 3,357 105,227 13,483 2,681 6,218 2,844 3,374 — 3,374 5,819 1,740 4,079 1,916 8,996
— 2,537 — — — — 3,535 2 — 18 1,468 — 57 29 1,961 28,787 17,277 11,510 — 11,510 15 — 15 — 1,000
24 62,784 — — — 7 16,395 315 52 212 7,822 9 834 117 7,035 21,622 17,805 3,817 1 3,815 1,041 940 101 — 1,817
817 146,297 3,589 3,589 — 378 260,146 7,049 218 21,709 96,383 3,365 106,117 13,629 11,677 56,627 37,927 18,700 1 18,699 6,876 2,681 4,195 1,916 11,813
348,894
35,875
103,690
488,459
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
57
Quarterly Bulletin 1 2007
Table C7: Credit Institutions: Mortgage Lenders: Aggregate Balance Sheet
\ million
31 August 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
21,030 77,083 7,821 7,821 — 2,443 134,167 32,221 33,848 40,899 2,665 17,331 7,141 26 34 16,575 321 3,360 12,893 12,193
2,293 21,091 — — — 952 6,432 53 137 5,905 5 320 12 — — 10,536 1,585 265 8,687 2,180
5,764 83,754 — — — 5,408 21,986 619 2,792 13,160 205 2,459 257 3 2,491 51,392 26,841 741 23,810 13,448
29,087 181,928 7,821 7,821 — 8,803 162,584 32,892 36,777 59,964 2,875 20,111 7,410 29 2,525 78,503 28,747 4,366 45,390 27,820
271,310
43,484
181,751
496,546
851 79,178 4,529 4,529 — 1,036 242,780 6,796 147 21,781 87,707 3,369 105,805 14,462 2,714 6,445 3,191 3,254 — 3,254 5,826 1,747 4,079 1,926 8,655
— 4,066 — — — — 3,796 2 — 109 1,640 — 58 29 1,958 29,647 17,841 11,806 — 11,806 25 — 25 — 976
25 63,678 — — — 7 16,981 300 178 269 7,955 9 847 118 7,305 22,152 18,290 3,862 1 3,861 1,043 941 102 — 2,925
875 146,922 4,529 4,529 — 1,043 263,557 7,097 325 22,159 97,302 3,377 106,711 14,609 11,976 58,244 39,322 18,921 1 18,920 6,894 2,688 4,206 1,926 12,556
351,226
38,510
106,809
496,546
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
58
Quarterly Bulletin 1 2007
\ million
29 September 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
21,029 77,474 8,413 8,413 — 2,740 135,684 32,074 34,598 41,721 2,701 17,207 7,348 25 10 17,608 315 3,362 13,932 13,095
2,313 19,067 — — — 957 5,778 45 92 5,302 6 320 12 — — 10,894 1,521 265 9,108 2,294
5,773 87,738 — — — 5,546 20,865 590 2,899 12,455 212 2,471 261 4 1,974 56,281 29,690 711 25,880 13,490
29,115 184,279 8,413 8,413 — 9,244 162,327 32,710 37,588 59,478 2,919 19,997 7,621 30 1,984 84,783 31,526 4,337 48,920 28,878
276,042
41,303
189,693
507,039
801 80,514 6,460 6,460 — 353 247,838 7,099 162 22,214 89,435 3,361 107,862 14,946 2,759 6,392 3,167 3,225 — 3,225 5,871 1,793 4,078 2,010 8,050
— 4,226 — — — — 3,881 1 — 132 1,618 — 63 29 2,037 29,823 17,950 11,873 — 11,873 15 — 15 — 1,161
23 65,695 2 — 2 7 16,837 251 178 276 7,426 11 881 117 7,696 22,817 18,888 3,929 — 3,929 1,042 941 101 — 3,222
824 150,435 6,462 6,460 2 360 268,555 7,351 340 22,621 98,479 3,372 108,806 15,092 12,493 59,032 40,006 19,027 — 19,027 6,929 2,734 4,194 2,010 12,432
358,289
39,105
109,645
507,039
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
59
Quarterly Bulletin 1 2007
Table C7: Credit Institutions: Mortgage Lenders: Aggregate Balance Sheet
\ million
31 October 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
21,313 79,548 8,607 8,607 — 2,670 138,078 33,143 34,367 43,162 2,723 17,308 7,313 23 38 18,117 253 3,468 14,396 13,311
2,319 20,051 — — — 675 7,273 47 152 6,743 6 312 12 — — 10,797 1,369 265 9,163 2,249
5,803 90,309 — — — 5,301 21,102 1,294 3,506 11,419 198 2,508 260 2 1,914 56,336 29,321 765 26,250 14,224
29,435 189,908 8,607 8,607 — 8,647 166,453 34,484 38,026 61,324 2,927 20,128 7,586 26 1,952 85,249 30,944 4,497 49,808 29,784
281,645
43,363
193,074
518,083
905 81,074 2,953 2,953 — 434 252,188 7,014 153 21,403 92,006 3,326 109,905 15,133 3,249 6,718 3,476 3,242 — 3,242 5,946 1,835 4,112 2,002 8,626
— 5,577 — — — — 4,121 2 — 134 1,700 — 62 29 2,193 30,798 18,598 12,200 — 12,200 15 — 15 — 1,277
17 69,799 — — — 7 17,643 226 31 323 8,191 11 895 119 7,847 23,100 18,846 4,255 — 4,255 1,492 942 550 — 3,392
922 156,450 2,953 2,953 — 440 273,952 7,242 184 21,860 101,897 3,337 110,861 15,281 13,289 60,616 40,920 19,696 — 19,696 7,453 2,777 4,677 2,002 13,295
360,846
41,788
115,449
518,083
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
60
Quarterly Bulletin 1 2007
\ million
30 November 2006
Vis-a`-vis
Irish residents
Other Monetary Union residents
21,586 82,250 8,007 8,007 — 2,800 137,112 32,486 34,209 43,139 2,932 17,025 7,289 31 1 18,677 251 3,758 14,668 13,746
2,349 18,095 — — — 1,415 7,085 45 78 6,630 6 312 13 — — 11,043 1,502 265 9,276 2,201
5,735 95,688 — — — 5,052 22,133 946 4,399 11,480 211 2,504 261 2 2,330 56,680 29,517 882 26,281 14,291
29,670 196,033 8,007 8,007 — 9,267 166,330 33,478 38,686 61,249 3,149 19,842 7,562 33 2,331 86,400 31,270 4,905 50,225 30,239
284,178
42,187
199,580
525,946
836 84,616 4,141 4,141 — 365 258,450 7,136 19 22,640 94,289 3,313 112,102 15,684 3,267 6,665 3,699 2,966 — 2,966 5,934 1,823 4,111 1,948 8,133
— 4,987 — — — — 4,213 2 — 127 1,739 — 65 29 2,251 31,219 18,747 12,472 — 12,472 15 — 15 — 1,136
21 69,678 2 — 2 7 16,796 188 — 263 7,405 11 923 119 7,886 22,043 17,845 4,198 — 4,198 1,490 941 549 — 3,251
856 159,281 4,143 4,141 2 372 279,459 7,326 19 23,031 103,433 3,324 113,090 15,832 13,403 59,927 40,291 19,636 — 19,636 7,440 2,764 4,676 1,948 12,520
371,089
41,570
113,287
525,946
Liabilities 1. Capital and reserves 2. Deposits from credit institutions and other MFIsa (excluding Central Bank) 3. Deposits from Central Bank 3.1 Short-term 3.2 Other 4. Deposits from general government (central, regional and local) 5. Deposits from other residents (non-MFIs, non-Government entities) 5.1 Overnight: Current accounts Demand accountsb 5.2 Agreed maturity: Up to and including 1 year 1 to 2 years Over 2 years 5.3 Notice: Up to and including 3 months Over 3 months 5.4 Repurchase agreements 6. Debt securities issuedc 6.1 Up to and including 1 year 6.2 1 to 2 years 6.3 Over 2 years 7. Remaining liabilities Total liabilities Assets 1. Holdings of notes and coin 2. Loans to credit institutions and other MFIsa (excluding Central Bank) 3. Balances with Central Bank 3.1 Mandatory balances 3.2 Other 4. Loans to general government (central, regional and local) 5. Loans to other residents (non-MFI, non-Government entities) 5.1 Overdrafts 5.2 Repurchase agreements 5.3 Loans up to and including 1 year 5.4 Term/revolving loans 5.5 Instalment credit/hire-purchase/leases 5.6 Residential mortgages 5.7 Other mortgages 5.8 Other loans and securities issued to other residents 6. Holdings of securitiesc 6.1 Issued by MFIs 6.2 Issued by general government 6.2.1 Exchequer notes 6.2.2 Securities 7. Holdings of shares and other equity 7.1 Issued by MFIs 7.2 Issued by other residents (non-MFI, non-Government entities) 8. Fixed assets 9. Remaining assets Total assets
Rest of World residents
Total
a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b In line with Eurosystem requirements, demand accounts have been reclassified from deposits redeemable at notice to overnight deposits. c Money-market paper is included in the category ‘Up to and including 1 year’.
61
Quarterly Bulletin 1 2007
Table C8: All Credit Institutions: Sectoral Distribution of Advances
\ million
Resident Non-Government Credit 30 June 2006
1. Agriculture and forestry 1.1 Farming of cattle and other animals
29 September 2006
4,115 1,284
4,273 1,283
974 1,675 182
1,032 1,770 188
2. Fishing
421
410
3. Mining and quarrying
346
342
6,278 1,890 466 1,424
6,418 1,952 466 1,486
4.2 Food (non-agricultural activities), beverages/tobacco 4.3 Textiles, textile products, leather and leather products 4.4 Wood, pulp, paper products, publishing/printing
812 104 783
818 121 850
4.5 Chemicals, man-made fibres, rubber/plastic products 4.6 Machinery/equipment 4.7 Computers and office machinery
433 723 54
520 753 51
1,480
1,352
1,169
1,264
6. Construction
17,962
19,857
7. Wholesale/retail trade and repairs 7.1 Sale/maintenance/repair of vehicles, retail sale of fuel
10,433 1,425
10,860 1,452
7.2 Wholesale/commission trade (except vehicles) 7.3 Retail trade, repair of personal/household goods 7.4 Other wholesale/retail, not included elsewhere
2,398 5,515 1,095
2,581 5,695 1,133
8. Hotels and restaurants
9,887
10,247
8.1 Hotels 8.2 Restaurants 8.3 Public houses
5,466 648 3,166
5,758 668 3,198
8.4 Other accommodation and catering
607
623
9. Transport, storage and communications
2,766
2,531
1.2 Dairy farming 1.3 Other agricultural activities 1.4 Forestry and logging
4. Manufacturing 4.1 Food products derived from agricultural activities 4.1.1 Processing of meat 4.1.2 Processing of dairy products and other food products
4.8 Other manufacturing 5. Electricity, gas and water supply
62
Quarterly Bulletin 1 2007
\ million
Resident Non-Government Credit 30 June 2006
10. Financial intermediation 10.1 Financial leasing
29 September 2006
48,059 3,033
48,394 2,823
15,831 979 1,288 1,247
16,001 1,006 1,295 1,240
4,006 224 119 341
3,707 273 66 324
20,990
21,659
55,951
61,425
49,783 162 48
55,310 183 71
1,401 25 4,531
1,527 29 4,306
623
649
13. Health and social work
1,368
1,520
14. Other community, social and personal services 14.1 Recreational, cultural, sporting and other service activities 14.2 Churches/religious organisations and charities
2,478 2,343 134
2,372 2,237 135
126,006 104,303
131,110 107,965
972 4,478
1,007 4,831
16,253
17,307
287,862
301,673
10.2 10.3 10.4 10.5
Non-bank credit grantors, including credit unions Investment and unit trusts Holding companies Hire-purchase finance companies
10.6 10.7 10.8 10.9
Life insurance companies Pension funds Non-life insurance companies Security broker/fund management
10.10 Other financial intermediation
11. Real estate and business activities 11.1 Real estate activities 11.2 Computer and related services 11.3 Research and development 11.4 Legal, accounting and consulting 11.5 Advertising 11.6 Other business activities 12. Education (schools and colleges)
15. Personal (private households) 15.1 House mortgage finance 15.2 Other housing finance 15.3 Finance for investment 15.4 Other personal Total
63
Quarterly Bulletin 1 2007
Table C9: All Credit Institutions: Sectoral Distribution of Advances and Deposits
\ million
June 2006 Non-resident non-Government credit
1. Agriculture and forestry
Non-resident non-Government deposits
Resident non-Government deposits
217
199
3,103
13
4
107
484
1,040
363
4. Manufacturing
5,010
2,730
5,209
5. Electricity, gas and water supply
4,553
732
285
6. Construction
4,600
718
4,032
7. Wholesale/retail trade and repairs
1,890
1,947
3,932
8. Hotels and restaurants
1,470
88
814
15,714
2,506
3,689
100,633
69,192
46,809
11,881
3,044
14,728
879
542
1,309
13. Health and social work
1,955
221
898
14. Other community, social and personal services
1,529
2,085
4,131
15. Personal (private households)
3,407
5,417
67,295
154,237
90,466
156,704
2. Fishing
3. Mining and quarrying
9. Transport, storage and communications
10. Financial intermediation
11. Real estate and business activities
12. Education (schools and colleges)
Total
64
Quarterly Bulletin 1 2007
\ million
September 2006 Non-resident non-Government credit
1. Agriculture and forestry
Non-resident non-Government deposits
Resident non-Government deposits
429
125
3,111
14
5
91
331
781
424
4. Manufacturing
5,337
3,160
5,440
5. Electricity, gas and water supply
5,792
494
392
6. Construction
5,158
655
4,064
7. Wholesale/retail trade and repairs
2,113
1,780
4,287
8. Hotels and restaurants
1,587
600
886
15,592
3,236
3,406
110,702
67,185
48,179
12,463
3,011
16,096
938
572
1,273
13. Health and social work
1,997
284
896
14. Other community, social and personal services
1,499
2,388
4,283
15. Personal (private households)
3,478
5,315
71,233
167,432
89,593
164,061
2. Fishing
3. Mining and quarrying
9. Transport, storage and communications
10. Financial intermediation
11. Real estate and business activities
12. Education (schools and colleges)
Total
65
Quarterly Bulletin 1 2007
Table C10: All Credit Institutions: International Business: Analysis by Currency, Sector and Maturity
\ million
30 June 2006
29 September 2006
Liabilities 1. Analysis by currency Irish residents in non-euro
34,098
36,493
US dollar
18,099
19,189
Sterling
12,852
13,466
3,147
3,838
276,271
295,422
149,551
165,263
Sterling
83,767
86,078
Other
42,953
44,081
307,124
315,253
Monetary financial institutions
15,576
16,038
Non-monetary financial institutions
18,523
20,455
198,696
209,021
77,576
86,401
225,096
235,964
82,029
79,289
Up to 8 days
122,120
105,999
Over 8 days and up to 3 months
263,281
295,724
Over 3 months and up to 1 year
90,538
90,277
141,555
155,168
617,494
647,168
Other Non-residents in non-euro US dollar
Non-residents in euro 2. Analysis by sector Irish residents in non-euro
Non-residents in non-euro Monetary financial institutions Non-monetary financial institutions Non-residents in euro Monetary financial institutions Non-monetary financial institutions 3. Analysis by maturity
Over 1 year
4. Total international business
66
Quarterly Bulletin 1 2007
\ million
30 June 2006
29 September 2006
Assets 1. Analysis by currency Irish residents in non-euro
52,042
52,965
US dollar
22,403
23,198
Sterling
25,659
25,102
3,980
4,666
242,446
266,461
117,107
129,544
Sterling
84,390
94,441
Other
40,949
42,476
285,126
297,553
Monetary financial institutions
16,013
17,057
Non-monetary financial institutions
36,029
35,908
Monetary financial institutions
117,728
131,626
Non-monetary financial institutions
124,718
134,835
Monetary financial institutions
136,316
141,161
Non-monetary financial institutions
148,810
156,392
Up to 8 days
61,015
60,642
Over 8 days and up to 3 months
73,862
88,442
Over 3 months and up to 1 year
62,958
69,572
381,779
398,324
579,615
616,980
Other Non-residents in non-euro US dollar
Non-residents in euro 2. Analysis by sector Irish residents in non-euro
Non-residents in non-euro
Non-residents in euro
3. Analysis by maturity
Over 1 year
4. Total international business
67
Quarterly Bulletin 1 2007
Table C11: All Credit Institutions: International Business: Analysis by Geographic Area
\ million
Liabilities Denominated in: Euro
Return dates
1. MU Countries Austria Belgium/Luxembourg Finland
Non-euro
Total
2006
2006
2006
2006
2006
2006
June
September
June
September
June
September
155,596
154,253
77,708
79,974
233,303
234,228
2,115
2,376
1,339
7,198
3,454
9,574
38,300
39,810
23,383
19,032
61,683
58,842
505
290
110
102
615
393
France
25,099
27,277
4,348
4,059
29,447
31,335
Germany
63,548
61,886
5,245
4,673
68,793
66,540
Greece
221
186
97
102
318
288
Ireland
..
..
34,098
36,493
34,098
36,493
Italy Netherlands
3,653
3,987
836
811
4,488
4,798
14,044
11,752
6,046
6,090
20,090
17,842
Portugal
1,667
876
583
208
2,250
1,084
Spain
6,443
5,833
1,622
1,208
8,066
7,041
133,861
141,873
124,200
137,082
258,062
278,955
1,969
2,465
1,616
1,491
3,585
3,956
230
212
2,806
3,075
3,036
3,287
131,662
139,196
119,779
132,516
251,441
271,712
3. Other Europe
8,353
11,115
10,152
10,086
18,505
21,021
Switzerland
1,608
1,724
6,046
6,251
7,655
7,974
Other Western Europe
1,977
2,526
1,227
1,474
3,204
4,001
Eastern Europe
4,767
6,865
2,879
2,361
7,647
9,226
4,671
3,464
64,731r
71,369
69,403r
74,833
Australia, New Zealand, South Africa
184
260
421
241
605
501
Canada
213
164
3,972
3,875
4,185
4,039
60
84
5,491
5,596
5,550
5,680
4,215
2,956
54,847r
61,657
59,062r
64,613
5. Offshore Centres
1,762
1,591
24,054r
24,458
25,816r
26,049
6. Other
2,881
2,957
9,524
8,945
12,405
11,902
307,124
315,253
310,370
331,915
617,494
647,168
596
801
1,764
2,041
2,360
2,842
2. Other EU Denmark Sweden United Kingdom
4. Other industrial countries
Japan United States
7. Total international business of which: Oil producing and exporting countries (OPEC)
68
Quarterly Bulletin 1 2007
Assets
Net external liabilitiesa
Denominated in: Euro
Non-euro
Total
2006
2006
2006
2006
2006
2006
2006
2006
June
September
June
September
June
September
June
September
224,440
230,613
85,683
93,788
310,124
324,401
−58,877
4,681
5,171
1,997
1,964
6,678
7,135
−3,223
2,438
8,065
8,149
3,636
4,943
11,701
13,093
49,982
45,750
2,222
2,256
376
323
2,598
2,579
−1,983
−2,187
20,842
20,308
2,940
4,375
23,782
24,683
5,665
6,652
50,598
51,042
5,392
5,013
55,990
56,056
12,804
10,484
8,438
6,901
−8,954
−7,436
..
..
833
823
9,272
7,724
52,042
52,965
52,042
52,965
..
−73,699
..
65,949
69,319
10,835
14,676
76,784
83,995
−72,295
−79,197
16,437
18,008
5,423
6,216
21,860
24,224
−1,771
−6,382
5,951
6,190
388
335
6,339
6,524
−4,089
−5,440
41,257
43,268
1,821
2,154
43,078
45,422
−35,013
−38,381
37,278
40,743
95,398
103,397
132,676
144,140
125,386
134,815
1,591
2,449
1,569
1,581
3,160
4,030
425
−74
1,547
1,538
4,019
4,624
5,566
6,162
−2,530
−2,875
34,141
36,757
89,809
97,191
123,950
133,948
127,491
137,764
9,279
9,726
13,285
13,736
22,565
23,462
−4,060
−2,261
294
275
3,783
3,914
4,077
4,190
3,578
3,785
4,577
4,854
4,674
4,938
9,251
9,792
−6,047
−5,791
4,408
4,597
4,829
4,884
9,237
9,481
−1,590
−254
10,523
12,778
83,389
90,895
93,913
103,672
2,096
2,272
5,611
5,763
7,707
1,244
1.395
8,144
8,515
624
618
8,485
8,870
6,559
8,493
61,151
2,537
2,552
1,068
−24,510r
−28,839
8,035
−7,102
−7,534
9,388
9,910
−5,203
−5,871
9,109
9,488
67,746
67,710
76,239
−3,558 8,647r
−11,627
10,922
11,298
13,460
13,850
12,356r
12,199
1,141
5,810
6,313
6,878
7,454
5,527
4,448
285,126
297,553
294,488
319,426
579,615
616,980
37,879
30,189
139
110
632
793
771
903
1,589
1,939
−3,808
a Net external liabilities are based on the selected assets and liabilities which are included in this table. A plus sign denotes net external liabilities; a minus sign net external assets.
69
Quarterly Bulletin 1 2007
Table C12: Credit Institutions: Selected Off-Balance-Sheet Business
\ million
Derivative Contracts Single-currency interest-rate related Forward rate agreements Swaps — Fixed/floating — Floating/fixed — Floating/floating Options — Bought — Sold Futures — Bought — Sold
June 2006
September 2006
Irish residents
Other Monetary Union residents
598,627
795,806
974
24,948
249,889 249,639 45,862
238,923 241,546 28,364
22,511 11,702
135,702 22,150
270,290 333,705
3,330 3,448
— —
Rest of World residents
Total nominal value
Irish residents
Other Monetary Union residents
939,011
648,681
184,933
7,161
14,631
1,548,817 2,037,629 1,570,146 2,061,331 118,131 192,357
375,970 390,244 84,005
258,851 262,217 31,666
428,503 367,556
29,910 29,374
25,230 17,019
153,897 348,903
209,036 395,296
67,384 377,489
70,714 380,936
21 —
4,393 5,296
81,165 313,769
85,579 319,065
4,799,901 6,194,334 159,010
Rest of World residents
Total nominal value
4,380,687 5,968,378 123,991
145,783
1,497,649 2,132,469 1,494,811 2,147,272 114,103 229,773
Other
18,050
97,396
354,929
470,375
22,326
29,380
252,400
304,105
Cross-currency interest-rate related
13,414
29,932
146,095
189,441
62,949
31,020
375,027
468,995
4,135 3,665 5,613
10,833 2,831 9,458
43,230 30,517 63,679
58,198 37,014 78,751
11,789 11,270 36,641
9,849 3,773 11,025
34,146 29,037 39,576
55,784 44,079 87,242
6,810
8,669
15,479
3,249
6,373
272,268
281,890
Swaps — Fixed/floating — Floating/fixed — Floating/floating Other
—
Other FX-related
38,839
60,082
200,687
299,608
41,745
72,444
214,084
328,274
Forward foreign-exchange purchased — Outright forwards — FX swaps
6,576 11,895
6,624 19,143
26,701 52,914
39,900 83,953
7,667 10,642
9,745 22,563
33,836 57,425
51,248 90,630
Forward foreign-exchange sold — Outright forwards — FX swaps
6,319 12,185
6,663 18,836
25,518 51,350
38,500 82,371
7,505 10,763
9,734 22,478
28,874 55,877
46,114 89,118
Currency swaps
874
690
1,317
2,881
782
1,660
1,222
3,664
Currency options — Purchased — Sold
418 402
4,270 1,272
26,018 8,955
30,706 10,629
1,886 1,999
2,779 1,154
20,555 7,146
25,220 10,298
Other
170
2,585
7,914
10,669
503
2,331
9,148
11,982
4,769 1,458
5,229 8
11,403 682
21,401 2,148
4,974 1,498
5,011 9
10,778 714
20,763 2,221
369 75 379 14 30 409 11,622 41,518
236 — 259 — — — 9,906 4,161
1,749 22 2,022 — — — 23,632 11,932
2,354 96 2,660 14 30 409 45,160 57,611
392 71 490 14 26 409 13,520 42,855
248 — 229 — — — 10,643 4,351
2,024 22 2,269 — — — 24,728 12,372
2,664 93 2,988 14 26 409 48,891 59,578
Other Guarantees Performance bonds Stand-by letters of credit serving as financial guarantees Intervention guarantees Documentary credits Asset sales with recourse/endorsements Note issuance facilities Revolving underwriting facilities Other irrevocable facilities Other revocable facilities
70
Quarterly Bulletin 1 2007
Table C13: Analysis of Residential Mortgages vis-a `-vis Irish Residents
\ million
Variable rate
Fixed rate
of which: Over 1 and up to 3 years
Total Over 3 and up to 5 years
Over 5 years
2001 30 March
21,146
9,486
4,474
3,510
1,502
30,632
29 June 28 September 28 December
21,395 23,100 24,378
9,665 9,663 9,647
4,625 4,953 5,031
3,366 2,963 2,811
1,674 1,748 1,805
31,060 33,764 34,025
2002 28 March 28 June 30 September
25,488 27,582 30,422
10,099 10,296 10,125
5,337 5,608 5,426
2,741 2,699 2,632
2,022 1,989 2,067
35,588 37,878 40,547
31 December
33,137
10,279
5,475
2,698
2,106
43,416
34,716 36,467 40,318 44,007
10,767 10,445 10,299 10,607
6,219 6,034 6,642 7,077
2,552 2,539 2,348 2,299
1,996 1,871 1,309 1,231
45,483 46,912 50,617 54,614
2004 31 March 30 June
46,809 50,843
11,083 10,994
7,220 7,444
2,176 1,930
1,687 1,620
57,892 61,837
30 September 31 December
55,731 60,563
12,887 12,557
9,313 9,234
1,880 1,673
1,694 1,650
68,618 73,120
2004 31 March
64,448
12,359
9,065
1,633
1,661
76,807
30 June
69,961
12,269
8,994
1,681
1,594
82,230
30 September 30 December
75,605 79,720
12,522 14,539
9,032 10,171
1,827 2,553
1,664 1,815
88,127 94,259
2006 31 March
84,045
16,037
11,731
2,682
1,623
100,082
30 June 29 September
87,124 89,257
17,214 18,708
12,071 12,667
3,333 4,074
1,810 1,967
104,338 107,965
2003 31 30 30 31
March June September December
Notes: 1. Data relate to residential mortgages as reported on the balance sheets of within-the-State offices of credit institutions, i.e., mortgages extended on a cross-border basis are not included. The total reported above is the same figure as that reported vis-a`-vis Irish residents under item 5.6 (Assets) of Table C3: Credit Institutions: Aggregate Balance Sheet and so does not include securitised mortgages. 2. Variable rate includes fixed rate mortgages of up to and including 1 year. 3. Fixed rate mortgages are classified according to the term over which the interest rate is fixed and not the term of the mortgage, e.g., a 20-year mortgage with a two-year fixed interest rate is included under Fixed Rate: Over 1 and up to 3 years.
71
Quarterly Bulletin 1 2007
Table C14: Credit Card Statistics
Vis-a`-vis Irish Residents
No. of credit cards in issuea
of which:
New spending during monthb
of which:
End-month
(000)
Personal cards
Business cards
\ million
Personal cards
2003 March
1,873
1,766
June September December
1,913 1,945 1,993
1,806 1,835 1,879
107
599·0
520·5
78·5
107 110 114
672·6 731·0 879·5
587·9 637·3 769·2
84·6 93·7 110·3
2004 January February March
1,988 1,917 1,913
1,875 1,820 1,814
112 97 98
680·9 649·8 763·6
595·0 559·7 667·3
85·9 90·1 96·3
April May June July
1,942 1,941 1,920 1,934
1,843 1,842 1,819 1,832
99 100 101 102
744·1 749·2 781·6 803·3
647·6 650·6 682·3 713·6
96·6 98·6 99·3 89·7
August September October
1,949 1,962 1,975
1,846 1,858 1,870
103 104 105
812·9 794·7 763·4
724·4 697·3 666·8
88·5 97·4 96·5
November December
1,992 2,002
1,885 1,895
106 107
849·1 953·1
745·2 845·8
103·9 107·2
2005 January February March April
2,015 2,028 2,036 2,050
1,907 1,918 1,925 1,938
108 110 111 112
780·0 755·1 839·4 817·7
687·5 655·3 735·6 713·6
92·5 99·8 103·8 104·2
May June July
2,063 2,076 2,088
1,950 1,961 1,973
113 114 116
901·7 895·2 895·3
792·1 788·4 794·9
109·7 106·8 100·4
August September October
2,104 2,117 2,010
1,987 1,998 1,901
117 119 109
966·2 910·0 870·5
859·8 795·6 758·1
106·4 114·4 112·4
November December
2,018 2,028
1,908 1,917
110 111
998·3 1,050·8
874·6 928·1
123·7 122·7
2006 January
2,036
1,921
115
994·8
875·8
119·1
February March April
2,046 2,057 2,064
1,929 1,939 1,945
116 118 119
870·9 981·7 933·5
756·0 852·8 820·6
114·9 128·9 112·9
May June July
2,078 2,091 2,102
1,958 1,970 1,980
120 121 122
1,101·1 1,041·1 1,065·2
963·5 916·0 942·6
137·6 125·2 122·6
August September October November
2,108 2,123 2,137 2,154
1,985 1,998 2,011 2,027
123 125 126 128
1,108·3 1,028·3 1,081·0 1,144·3
984·7 898·7 940·4 1,001·7
123·6 129·7 140·7 142·6
Business cards
a Data relate to credit cards (i.e. Visa, MasterCard) in issue by credit institutions resident in Ireland. Debit cards or store cards are excluded. b Data refer to new spending on all credit cards during the reference period and not just spending on new credit cards. c Data refer to debt outstanding on all credit cards at month-end and includes balances that may be paid in full at the payment due date.
72
Quarterly Bulletin 1 2007
Payment received during month of which:
\ million
Personal cards
Outstanding indebtedness on credit cardsc Business cards
of which:
\ million
Personal cards
Business cards
Outstanding indebtedness year-to-year change %
634·2
558·9
75·3
1,443·2
n.a.
n.a.
18·5
2003 March
667·0 712·7 787·4
591·7 631·5 697·0
75·3 81·2 90·5
1,524·3 1,604·6 1,722·5
n.a. n.a. n.a.
n.a. n.a. n.a.
19·3 17·8 13·9
June September December
740·5 667·7 782·0
655·8 586·5 689·4
84·8 81·2 92·6
1,711·8 1,699·9 1,689·9
n.a. n.a. n.a.
n.a. n.a. n.a.
13·8 16·1 17·1
2004 January February March
722·3 751·3 796·0 802·4
631·2 663·7 699·5 712·7
91·1 87·6 96·5 89·6
1,768·2 1,769·0 1,770·0 1,794·3
n.a. 1,688·5 1,692·0 1,722·6
n.a. 80·6 78·1 71·7
15·6 16·9 16·1 16·1
April May June July
795·7 785·7 755·9
706·1 693·9 662·4
89·6 91·9 93·5
1,823·1 1,850·5 1,879·3
1,752·9 1,775·4 1,796·7
70·2 75·0 82·6
15·6 15·3 16·4
August September October
840·5 850·0
735·5 747·5
105·0 102·5
1,900·0 1,997·0
1,820·1 1,914·3
79·9 82·7
15·4 15·9
November December
853·7 790·5 868·7 809·5
755·8 687·3 765·9 712·2
97·9 103·3 102·8 97·4
2,001·3 1,971·4 1,956·2 2,033·1
1,922·4 1,893·6 1,868·4 1,934·4
79·0 77·9 87·8 98·7
16·9 16·0 15·8 15·0
2005 January February March April
919·8 891·0 895·9
809·4 779·8 793·3
110·4 111·1 102·6
2,039·0 2,063·1 2,080·2
1,940·7 1,969·0 1,988·5
98·3 94·1 91·7
15·3 16·6 15·9
May June July
956·6 890·8 874·4
849·2 788·1 759·7
107·4 102·7 114·7
2,106·6 2,145·4 2,166·5
2,015·6 2,042·5 2,063·9
91·0 102·9 102·6
15·6 15·9 15·3
August September October
974·5 966·4
853·3 847·9
121·2 118·5
2,200·5 2,304·6
2,096·4 2,195·9
104·1 108·7
15·8 15·4
November December
1,031·0
907·3
123·7
2,286·7
2,182·4
104·3
14·3
2006 January
901·7 1,022·6 884·3
781·3 901·9 761·9
120·4 120·6 122·5
2,275·0 2,257·0 2,384·8
2,175·8 2,149·0 2,282·1
99·2 108·0 102·7
15·4 15·4 17·3
February March April
1,112·8 1,028·4 1,088·3
986·1 900·1 961·5
126·8 128·3 126·8
2,396·9 2,435·0 2,435·0
2,283·2 2,323·2 2,326·8
113·7 111·8 108·2
17·6 18·0 17·1
May June July
1,090·7 999·4 1,116·7 1,111·2
963·4 883·0 975·9 971·4
127·3 116·4 140·7 139·8
2,473·6 2,525·5 2,521·2 2,579·5
2,368·9 2,407·0 2,402·4 2,457·3
104·7 118·5 118·9 122·2
17·4 17·7 16·4 17·2
August September October November
73
Quarterly Bulletin 1 2007
Table C15: Irish Stock Exchange
Irish Government Bonds
Turnover (\m)
Amount Raised (\m)
Number of Issues
0-3 Years
3-7 Years
7-12 Years
2004 Q3 Q4
168 3,643
4,304 3,307
3,885 5,743
2,255 1,762
— —
32,682 33,031
16 15
2005 Q1 Q2 Q3 Q4
2,353 1,460 895 2,601
3,024 1,503 1,990 1,839
7,105 2,516 5,031 5,702
1,698 7,347 2,337 3,896
— — 600 840
33,075 34,075 34,869 33,031
15 15 15 13
2006 Q1 Q2 Q3 Q4
1,265 3,039 2,556 4,524
1,975 2,557 1,483 2,087
4,638 2,336 1,541 1,995
1,911 2,218 1,384 1,948
— — — —
32,941 32,623 33,051 32,413
13 13 11 11
Equity Market
OFFICIAL LIST
Market Capitalisation (\m)
Number of Issues
Turnover (\m)
Amount Raised (\m)
12+ Years
Market Capitalisation (\m)
ITEQ, ESM, DCM Market Capitalisation (\m)
Number of Issues
Turnover (\m)
Amount Raised (\m)
2004 Q3 Q4
16,355 18,544
238 199
170,237 175,404
63 61
67 49
2 2
881 1,181
12 13
2005 Q1 Q2 Q3 Q4
26,637 27,742 25,766 27,949
296 506 143 51
172,649 181,300 183,921 191,100
57 59 63 61
184 117 139 144
1 16 51 1
1,184 1,209 766 850
13 14 12 13
2006 Q1 Q2 Q3 Q4
32,956 32,042 28,241 34,467
507 55 80 2,127
198,796 191,507 199,890 197,047
60 57 55 53
311 246 264 435
151 441 313 82
1,141 1,443 1,998 2,464
14 17 22 23
ISEQ Indices at End Quarter
ISEQ Overall
ISEQ Financial
ISEQ General
ISEQ SmallCap
ITEQ
ISEQ 20
2005 Q1 Q2 Q3 Q4
5,985 6,541 6,839 7,364
11,422 12,477 12,759 13,442
3,937 4,305 4,591 5,039
2,307 2,563 2,965 3,141
290 264 323 325
954 1,042 1,073 1,163
2006 Q1 Q2 Q3 Q4
8,066 7,516 8,223 9,408
14,905 13,796 15,110 16,864
5,461 5,119 5,599 6,545
3,421 3,240 3,477 4,202
355 366 430 467
1,278 1,193 1,305 1,486
Source: The Irish Stock Exchange.
74
Quarterly Bulletin 1 2007
Section D
Public Finances
Quarterly Bulletin 1 2007
Table D1: Government Debt and Government-Guaranteed Debt a
\ million
2006
End-quarter
31 Mar.
30 June
29 Sept.
29 Dec.
31,554 812 2,215 572 1,619 383 3,251 — 5 1,033 349 25 — 2 — 463
31,551 414 2,215 582 1,663 379 2,889 — 5 1,534 257 25 — 2 — 463
31,645 518 2,217 586 1,702 386 3,065 — 5 674 220 25 — 2 — 463
31,189 118 2,216 589 1,709 394 2,661 — 5 — 133 25 — 2 — 463
42,283
41,978
41,509
39,505
92 37 — 483 −483 218 −350
92 37 — 462 −462 125 −256
94 38 — 462 −462 86 −219
95 38 — 443 −443 — −133
−3
−2
−1
42,280
41,976
41,508
39,505
5,568 14,754 8,938 13,021
5,102 14,776 8,971 13,127
4,239 15,016 9,149 13,104
9,324 8,565 14,529 7,087
42,280
41,976
41,508
39,505
3,633
3,271
3,563
Government Debt Amount outstanding (gross) Euro-denominated debt Government stock Exchequer Bills/Notes, Central Treasury Notes Savings Certificates/Stamps Prize Bonds Savings Bonds National Instalment Savings Ways and means Borrowings from Central Bank, etc. Local loans funds Short-term paper FX contracts EIB loans Public bond issues Private placements Medium-term notes Swaps Total euro-denominated debt
Non-euro-denominated debt EIB loans Public bond issues Private placements Medium-term notes Swaps Short-term paper FX contracts Total non-euro-denominated debt
Gross debt
—
Residual Maturity Profile Amounts due to mature in: — ≤ 1 year — Over 1 year but ≤ 5 years — Over 5 years but ≤ 10 years — Over 10 years Total
Government-guaranteed debt
3,600e
a The term Government debt refers to central government debt. The data provided on Government-guaranteed debt refer mainly to State-sponsored bodies. An advance release calendar for central government debt is shown on the IMF Special Data Dissemination Standards (SDDS) Bulletin Board. Sources: NTMA and Department of Finance.
77
Quarterly Bulletin 1 2007
Table D2: Government Stock — Nominal Holdings
\ million
2005
2006
End-quarter
December
March
June
September
1. Resident a — MFIs and Central Bank — General government — Financial intermediaries i) Financial auxiliaries ii) Insurance corporations and pension funds iii) Other financial intermediaries — Non-financial corporations — Households 2. Rest of world
4,921 3,448 81 1,224 78 1,053 93 30 138 26,390
5,112 3,310 55 1,521 254 1,167 100 63 163 26,442
5,159 3,472 52 1,417 231 1,088 98 59 159 26,391
4,875 3,311 48 1,317 246 1,046 25 57 142 26,770
31,311
31,554
31,550
31,645
6,199 6,087 6,068 12,957 —
6,200 6,123 6,210 13,021 —
11,314 1,014 12,020 7,202 —
11,413 1,010 12,035 7,187 —
31,311
31,554
31,550
31,645
Total 3. Amounts due to mature in: — Less than 3 years — 3 or more years but less than 5 years — 5 or more years but less than 10 years — 10 or more years but less than 15 years — 15 or more years Total
a Above conform to ESA95 standard. Financial auxiliaries include, for example, insurance and security brokers and investment advisors, etc. Other financial intermediaries include mutual funds, financial leasing, etc.
78
Quarterly Bulletin 1 2007
Table D3: Servicing of Government Non-Euro Debt
\ million
Principal repayments
Interest payments
Total servicing
2007
−133
12
−121
2008
92
12
104
2009
41
2
43
2010
—
—
—
2011
—
—
—
2012
—
—
—
2013
—
—
—
Notes: 1. The figures shown in this table exclude principal and interest on debt with an original maturity of less than one year. The interest forecast figures are based on ESA 95 standards. 2. The schedule of payments shown in this table relates to the amount of Government non-euro debt outstanding at 29 December 2006 and is calculated by reference to the exchange rates and interest rates prevailing at that date. Actual debt servicing in the years in question may differ from that indicated in the table because of net new debt contracted or because of restructuring of existing debt. Source: NTMA.
79
Quarterly Bulletin 1 2007
Table D4: Government Revenue, Expenditure and Borrowing
\ million
1. Current Government Revenue Customs and Excise
2005 — Outturn
2006 — Outturn
2007 — Budget
5,459
5,846
6,354
12,089 11,266 5,492 2,725
13,448 12,390 6,683 3,717
14,870 13,555 6,650 3,925
Other tax revenue
2,223
3,456
3,721
Total tax revenue Non-tax revenue
39,254 595
45,539 606
49,075 565
Total
39,849
46,145
49,640
3,895 29,601
4,079 32,915
4,425 37,165
33,496
36,994
41,590
3. Current Budget Balance (1−2)
6,353
9,151
8,050
4. Exchequer Borrowing for Capital Purposes
(6,852)
(6,886)
(8,597)
Value-added tax Income tax Corporation tax Stamp duties
2. Current Government Expenditure Central Fund Services Non-capital supply services Total
5. Total Exchequer Balance (3+4)
Sources: Iris Oifigiu ´il and Budget Statements.
80
(499)
2,265
(547)
Quarterly Bulletin 1 2007
Table D5: Source and Application of Exchequer Funds
\ million
1. Borrowing (−)/repayments (+): Irish Government bonds listed on the Irish Stock Exchange Other Irish Government public bond issues EIB loans Medium-term notes Private placements National saving schemes Commercial paper Miscellaneous debt Borrowing from ministerial funds 2. Increase (+)/decrease (−) in Exchequer deposits and other balances: Increase (+)/decrease (−) in Exchequer balance Increase (+)/decrease (−) in other bank deposits Increase (+)/decrease (−) in other balances Exchequer surplus/deficit (1+2)
2006 1 January to: 31 Mar.
30 June
29 Sept.
−1,935 −254
−1,671 −240
−1,370 −345
— — — —
— — — —
— — — —
29 Dec.
422 125 — — — —
−99 −1,949 — 367
−172 −1,961 1 702
−209 −1,165 1 349
−210 −6 1 513
4,354 4,351 —
2,551 2,498 —
1,234 934 85
1,842 1,404 —
3
53
215
438
2,420
880
−136
2,265
Source: Department of Finance.
81
Quarterly Bulletin 1 2007
Table D6: Government Savings Schemes Amounts Outstanding
\ million
National InstalmentSaving
Index-linked savings bonds
Savings Certificatesa
Prize Bonds
Total outstanding
2005 September December
369 375
1,548 1,582
3,642e 3,610e
551 561
6,110e 6,129e
2006 March June September
374 369 376
1,617 1,656 1,660
3,540e 3,446e 3,293e
572 582 586
6,102e 6,054e 5,916e
Return dates
82
Quarterly Bulletin 1 2007
Table D7: Exchequer Bills and Exchequer Notes
\ million
Holdings of Exchequer Bills and Exchequer Notes Irish resident Credit institutions
Non-Irish resident
Total outstanding
Other
Return Dates 2003 31 March
84
369
—
453
120
437
—
557
30 September
98
323
—
421
31 December
92
103
—
195
15
717
—
732
2
571
—
573
30 September
20
344
—
364
31 December
35
37
—
72
30 June
2004 31 March 30 June
2005 31 March
65
227
—
292
30 June
108
188
—
296
30 September
124
144
—
268
30 December
14
50
—
64
31 January
10
531
—
541
28 February
30
265
—
295
31 March
30
741
—
771
28 April
10
254
—
264
31 May
10
708
—
718
30 June
10
363
—
373
31 July
10
315
—
325
2006
31 August
10
384
—
394
29 September
10
447
—
457
31 October
10
554
—
564
30 November
10
303
—
313
Note: Exchequer Notes are short-term negotiable promissory notes. They are issued at a discount and have a maturity of not less than 7 days and not more than 360 days. Source: Data on the total Exchequer Bills and Notes outstanding are provided by the NTMA and relate to the nominal amount outstanding. All other data are calculated by the Central Bank of Ireland.
83
Quarterly Bulletin 1 2007
Table D8: Sources of Funds for Servicing Government Debt
End-year
Debt servicea
Sources of funds
Interest payments Domestic
Sinking funds, etc.
Total
External
Revenue from State assets
Amount charged to taxation £ millionb
as % of total tax revenue
as % of GNP
£ million 31 Dec. 1975 1976 1977 1978
163 215 261 346
33 53 78 96
45 69 64 68
241 337 403 510
64 79 98 114
177 258 305 396
19·1 20·4 20·6 22·9
4·7 5·6 5·5 6·1
1979 1980 1981 1982
442 535 687 807
103 164 250 516
77 93 116 137
622 792 1,053 1,460
126 159 185 253
496 633 868 1,207
24·7 24·2 26·2 29·8
6·5 7·0 8·0 9·7
1983 1984 1985 1986
985 1,042 1,261 1,309
579 702 783 716
149 156 159 195
1,713 1,900 2,203 2,220
296 390 443 416
1,417 1,510 1,760 1,804
30·3 28·5 31·5 29·6
10·4 10·2 11·1 10·2
1987 1988 1989
1,437 1,266 1,227
722 703 736
202 183 187
2,361 2,152 2,150
451 112 99
1,910 2,040 2,051
29·4 27·9 27·6
10·1 10·2 9·3
1990 1991 1992
1,378 1,395 1,370
730 736 736
194 205 213
2,302 2,336 2,319
119 123 139
2,183 2,213 2,180
27·6 26·5 24·5
8·6 8·4 7·8
1993 1994 1995 1996 1997
1,301 1,294 1,315 1,557 1,933
776 796 777 657 537
231 223 249 261 285
2,308 2,313 2,341 2,475 2,755
94 96 68 52 77
2,214 2,217 2,273 2,423 2,678
22·8 20·5 20·1 19·4 18·8
7·3 6·7 6·2 6·0 5·8
1998 1999 c 2000
1,566 1,706 1,491
530 145 139
314 354 398
2,410 2,205 2,028
71 80 34
2,339 2,125 1,994
14·5 11·4 9·4
4·4 3·5 2·9
2001
1,376
101
397
1,874
52
1,822
8·3
2·4
2002 2003
1,500 1,680
160 85
509 512
2,169 2,277
55 49
2,114 2,228
7·2 6·9
2·0 2·0
2004 2005
1,628 1,695
49 26
526 517
2,203 2,238
91 88
2,112 2,150
5·9 5·5
1·7 1·6
\ million
a Including subsidy on loan charges for housing and for sanitary services. b Up to 2001 this table is denominated in Irish pounds, from 2002 the data are in euro. c Before 1999, ‘domestic’ and ‘external’ referred to Irish pound and foreign-currency denominated debt, respectively. Since then ‘domestic’ refers to euro-denominated debt, ‘external’ refers to non-euro debt. Source: Finance Accounts.
84
Quarterly Bulletin 1 2007
Section E
Economic Indicators
Quarterly Bulletin 1 2007
Table E1: Price Indices
1995 = 100
Consumer Prices
General Wholesale Prices
Manufacturing Output Pricesa
Agricultural Output Prices
Export Unit Values*
Import Unit Values*
Terms of Trade*
Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
100·0 101·7 103·1 105·6 107·4 113·3 118·9 124·3 128·7 131·5 134·7
100·0 99·6 100·0 102·9 104·8 112·2 115·5 115·7 109·3 111·1 n.a.
100·0 99·5 99·8 102·5 104·4 112·2 114·1 112·8 103·7 101·2 101·1
100·0 95·5 89·6 88·9 85·3 90·7 94·8 90·7 90·2 92·4 92·8
100·0 99·4 100·6 103·2 103·6 108·8 114·4 112·1 102·2 98·4 98·9
100·0 98·8 99·4 101·7 104·7 113·6 116·9 112·4 103·0 100·7 101·5
100·0 100·6 101·2 101·5 98·9 95·8 97·8 99·7 99·2 97·7 97·4
2004 January February March April May June
128·9 130·0 130·5 131·0 131·2 132·0
108·8 109·3 110·7 111·6 111·6 111·4
99·9 100·0 101·1 102·2 102·9 102·6
92·0 93·7 94·5 94·7 95·7 96·0
98·3 97·2 100·6 99·8 99·4 99·6
100·4 99·9 101·7 101·7 100·1 99·4
97·9 97·2 98·9 98·2 99·3 100·2
July August September October November December
131·6 132·3 132·4 132·6 132·8 132·9
111·6 112·6 112·3 111·6 111·1 110·3
101·7 102·0 102·0 101·2 99·7 98·8
93·8 91·2 92·2 89·5 90·2 89·8
97·8 99·8 99·2 98·3 95·6 95·4
101·3 102·9 101·5 100·3 100·1 99·3
96·5 97·0 97·8 98·0 95·6 96·0
2005 January February March April May June
131·8 132·9 133·3 133·9 134·4 134·7
112·0 112·0 111·8 112·5 112·6 114·2
99·4 99·5 98·7 100·4 100·6 102·2
94.9 95·1 95·3 94·2 94·1 94·5
94·4 96·9 96·3 95·4 98·0 100·1
101·9 100·4 101·4 101·3 100·7 104·4
92·7 96·5 95·0 94·1 97·3 95·8
July August September October November December
134·7 135·4 136·4 136·6 136·3 136·2
113·7 113·1 113·8 114·8 115·9 115·6
101·9 100·9 101·8 102·1 103·2 102·3
91·8 89·0 91·8 90·8 92·9 95·2
101·0 100·9 99·0 100·2 101·5 101·7
101·2 101·2 100·7 102·2 102·5 105·2
99·9 99·7 98·3 98·0 99·1 96·6
2006 January February March April May June
135·8 137·3 137·9 139·0 139·6 140·0
115·9 116·7 116·2 n.a. n.a. n.a.
102·1 102·8 102·3 102·1 101·2 101·8
96·7 96·9 97·7 98·6 99·0 97·9
99·8 102·5 101·2 99·7 98·1 98·0
104·7 105·9 104·8 105·7 104·9 105·3
95·3 96·8 96·6 94·4 93·5 93·1
July August September October November
140·4 141·4 141·9 141·9 142·4
n.a. n.a. n.a. n.a. n.a.
101·7 101·8 101·9 102·2 101·1
95·3 94·0 98·5 97·4 n.a.
97·8. 98·4 99·7 n.a. n.a.
105·4 105·4 102·9 n.a. n.a.
92·8 93·3 96·9 n.a. n.a.
* Annual data not an average. a Wholesale Price Index for the output of manufacturing industry. Source: Central Statistics Office.
86
Quarterly Bulletin 1 2007
Table E2: Indices of Relative Wage Costs in Manufacturing Industry Average Hourly Earningsa
Unit Wage Costsa
1995 = 100
Ireland
Major Trading Partners
Irelandc
Major Trading Partners
Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006f 2007f
82 86 90 95 97 100 104 107 112 118 126 139 149 156 163 169 174 180
80 85 90 93 97 100 104 107 110 113 118 122 126 131 134 138 142 148
122 126 120 121 114 100 100 92 81 74 71 70 65 64 64 64 63 62
91 96 98 101 99 100 102 101 102 102 101 103 103 103 101 101 101 101
1995 = 100
Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006e 2007f
Relative Hourly Earningsb
Relative Unit Wage Costsb
National Currencies
Common Currency (\)
National Currencies
Common Currency (\)
102 101 101 102 100 100 100 100 102 105 107 114 118 119 121 122 122 122
108 105 108 101 100 100 102 103 100 99 94 101 107 116 120 121 122 123
134 132 122 120 115 100 98 91 79 73 70 68 63 62 64 64 62 62
143 137 131 119 114 100 101 94 78 69 61 60 57 60 63 63 62 62
a In national currencies. b A rise in the index implies a disimprovement in competitiveness while a fall in the index implies an improvement. c Changes in domestic unit wage costs should be interpreted with caution because of the strong influence of the chemicals sector in recent years. A unit wage costs series, excluding chemicals, is presented in Chart 6 of the Domestic Economy, Costs and Competitiveness chapter. Sources: Ireland — Central Statistics Office and Central Bank & Financial Services Authority of Ireland estimates. Major trading partners comprise the United Kingdom, the United States, Germany, France, Italy, Belgium, the Netherlands, Spain and Singapore. Data on these were derived from the OECD and other sources.
87
Quarterly Bulletin 1 2007
Table E3: National Accounts
Current Prices (euro millions)
Personal Government Consumption Expenditure
Investment
Exports
Imports
Stocks
GDP
Net Factor Income
GNP
2000 2001 2002 2003 2004 2005
50,561 55,584 60,730 65,136 68,719 74,114
13,068 15,381 17,601 18,839 20,785 22,952
25,373 27,120 29,059 31,964 36,243 43,582
102,885 116,975 121,723 116,379 124,049 131,001
−88,697 −98,657 −99,524 −94,087 −102,096 −110,553
819 378 645 1,197 248 98
104,553 116,756 129,947 138,941 147,569 161,163
−15,488 −18,975 −23,699 −21,723 −23,215 −25,248
89,065 97,779 106,248 117,218 124,354 135,914
Seasonally Adjusted 2003 Q1 Q2 Q3 Q4
15,705 16,013 15,871 17,547
4,581 4,554 4,758 4,946
7,184 7,422 7,953 9,405
27,943 28,794 28,601 31,042
−22,605 −22,927 −23,156 −25,399
271 648 −141 418
32,964 34,383 33,767 37,826
−5,716 −5,538 −4,975 −5,495
27,249 28,846 28,793 32,332
2004 Q1 Q2 Q3 Q4
16,525 16,746 16,855 18,594
4,994 5,000 5,270 5,520
8,305 9,014 8,968 9,955
29,855 31,529 30,612 32,053
−24,123 −25,688 −25,368 −26,917
56 389 −266 70
35,520 36,896 35,978 39,175
−5,784 −6,059 −5,586 −5,787
29,736 30,837 30,392 33,388
2005 Q1 Q2 Q3 Q4
17,721 17,925 18,404 20,065
5,525 5,522 5,839 6,065
9,931 11,192 10,410 12,048
30,458 32,839 32,385 35,319
−25,724 −27,245 −27,331 −30,253
253 220 −633 258
38,157 40,446 39,066 43,494
−6,178 −7,288 −5,597 −6,185
31,979 33,158 33,469 37,308
2006 Q1 Q2 Q3
19,341 19,697 19,824
6,018 6,120 6,462
11,322 11,457 12,117
33,833 34,811 34,453
−29,057 −29,789 −29,346
546 878 −297
41,994 43,166 44,213
−6,414 −6,503 −7,040
35,581 36,663 37,173
Constant (2004) Prices (euro millions)
Personal Government Consumption Expenditure
Investment
Exports
Imports
Stocks
GDP
Net Factor Income
GNP
2000 2001 2002 2003 2004 2005
58,669 61,833 64,176 66,231 68,719 73,282
16,826 18,483 19,794 20,424 20,785 21,751
30,913 30,853 31,925 33,747 36,243 40,869
101,259 110,003 114,985 115,608 124,049 128,861
−86,669 −92,897 −95,154 −93,974 −102,096 −108,710
1,251 481 591 1,272 248 166
120,865 127,931 135,649 141,472 147,569 155,723
−15,318 −17,932 −22,022 −21,782 −23,215 −24,790
106,260 110,399 113,466 119,699 124,354 130,932
Seasonally Adjusted 2003 Q1 Q2 Q3 Q4
16,129 16,182 16,232 17,688
5,025 4,941 5,164 5,294
7,812 7,889 8,352 9,693
27,204 28,635 28,491 31,277
−22,315 −22,836 −23,240 −25,583
291 663 −118 437
33,963 35,265 34,445 37,798
−5,623 −5,565 −5,004 −5,590
28,284 29,682 29,488 32,245
2004 Q1 Q2 Q3 Q4
16,679 16,753 16,949 18,338
5,106 5,044 5,247 5,388
8,550 9,097 8,931 9,665
30,158 31,325 30,393 32,172
−24,291 −25,724 −25,093 −26,988
339 705 −564 −231
36,320 37,040 35,979 38,230
−5,862 −6,013 −5,530 −5,811
30,456 31,024 30,451 32,423
2005 Q1 Q2 Q3 Q4
17,690 17,777 18,241 19,574
5,362 5,266 5,529 5,594
9,597 10,559 9,714 10,999
30,527 32,453 31,735 34,146
−25,621 −26,890 −26,799 −29,400
394 249 −629 153
37,768 39,117 38,104 40,734
−6,196 −7,189 −5,443 −5,962
31,572 31,928 32,660 34,772
2006 Q1 Q2 Q3
18,919 19,045 19,056
5,539 5,567 5,848
10,388 10,152 10,507
32,870 33,808 33,820
−27,876 −28,376 −27,783
374 775 −200
39,970 41,051 41,049
−6,188 −6,255 −6,627
33,782 34,795 34,423
Source: Central Statistics Office.
88
Quarterly Bulletin 1 2007
Current Prices (% Change Year−on−Year)
Personal Consumption
Government Expenditure
Investment
Exports
Imports
GDP
GNP
2000 2001 2002 2003 2004 2005
13·7 9·9 9·3 7·3 5·5 7·9
14·6 17·7 14·4 7·0 10·3 10·4
16·9 6·9 7·2 10·0 13·4 20·2
27·5 13·7 4·1 −4·4 6·6 5·6
30·5 11·2 0·9 −5·5 8·5 8·3
16·3 11·7 11·3 6·9 6·2 9·2
16·6 9·8 8·7 10·3 6·1 9·3
Unadjusted data 2003 Q1 Q2 Q3 Q4
9·5 9·0 5·5 5·4
9·2 6·1 7·6 5·4
−0·5 4·9 7·9 27·2
−10·9 −7·6 −3·4 4·8
−13·3 −12·1 −2·3 7·4
6·7 9·0 3·9 8·0
9·4 12·5 7·3 12·0
2004 Q1 Q2 Q3 Q4
5·2 4·6 6·2 6·0
9·0 9·8 10·8 11·6
15·6 21·5 12·8 5·9
6·8 9·5 7·0 3·3
6·7 12·0 9·6 6·0
7·8 7·3 6·5 3·6
9·1 6·9 5·6 3·3
2005 Q1 Q2 Q3 Q4
7·2 7·0 9·2 7·9
10·6 10·4 10·8 9·9
19·6 24·2 16·1 21·0
2·0 4·2 5·8 10·2
6·6 6·1 7·7 12·4
7·4 9·6 8·6 11·0
7·5 7·5 10·1 11·7
2006 Q1 Q2 Q3
9·1 9·9 7·7
8·9 10·8 10·7
14·0 2·4 16·4
11·1 6·0 9·5
13·0 9·3 7·4
10·1 6·7 13·2
11·3 10·6 11·1
Government Expenditure
Investment
Exports
Imports
GDP
GNP
Constant Prices (% Change Year−on−Year)
Personal Consumption
2000 2001 2002 2003 2004 2005
8·4 5·4 3·8 3·2 3·8 6·6
8·2 9·8 7·1 3·2 1·8 4·6
7·5 −0·2 3·5 5·7 7·4 12·8
20·2 8·6 4·5 0·5 7·3 3·9
21·6 7·2 2·4 −1·2 8·6 6·5
9·3 5·8 6·0 4·3 4·3 5·5
9·5 3·9 2·8 5·5 3·9 5·3
Unadjusted data 2003 Q1 Q2 Q3 Q4
3·7 4·0 2·1 3·0
4·7 2·2 2·7 3·2
−3·9 1·4 4·1 21·3
−7·3 −2·1 0·6 11·4
−10·3 −8·5 2·0 13·5
3·9 4·9 1·5 6·7
4·3 5·6 3·1 8·7
2004 Q1 Q2 Q3 Q4
3·4 3·5 4·4 3·7
1·6 2·1 1·6 1·8
9·4 15·3 6·9 −0·3
10·9 9·4 6·7 2·9
8·9 12·6 8·0 5·5
6·9 5·0 4·5 1·1
7·7 4·5 3·3 0·6
2005 Q1 Q2 Q3 Q4
6·1 6·1 7·6 6·7
5·0 4·4 5·4 3·8
12·3 16·1 8·8 13·8
1·2 3·6 4·4 6·1
5·5 4·5 6·8 8·9
4·0 5·6 5·9 6·5
3·7 2·9 7·3 7·2
2006 Q1 Q2 Q3
6·9 7·1 4·5
3·3 5·7 5·8
8·2 −3·9 8·2
7·7 4·2 6·6
8·8 5·5 3·7
5·8 4·9 7·7
7·0 9·0 5·4
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Table E4: Selected Economic Indicators
2000=100
Industrial Production Index
Retail Sales
External Trade Volume
Modern
All Other Sectors
Total
Core
Total
Exports
Imports
1997 1998 1999 2000 2001 2002 2003 2004 2005
52·6 68·6 83·2 100·0 114·7 128·6 136·3 135·7 141·5
88·1 92·0 94·8 100·0 101·8 100·3 102·3 105·0 105·4
63·0 75·5 86·7 100·0 109·7 117·7 123·3 123·9 127·6
79·0 85·0 91·8 100·0 107·1 108·9 110·6 113·9 119·6
75·6 81·6 89·4 100·0 101·5 101·7 102·6 105·7 110·8
57·9 72·0 83·8 100·0 105·1 108·4 104·2 111·2 116·7
67·2 79·3 85·9 100·0 99·6 100·5 94·4 103·1 114·7
Seasonally Adjusted 2004 January February March April May June
131·8 134·1 138·2 143·0 132·3 133·1
107·0 106·7 105·9 104·5 106·7 108·4
122·8 123·9 126·2 128·4 122·5 123·3
111·9 111·0 112·4 113·0 112·1 113·2
103·3 101·1 105·5 105·6 104·6 106·0
105·7 113·1 114·0 111·4 101·6 110·5
95·8 96·8 94·8 99·6 102·8 103·1
159·2 117·1 135·2 135·2 129·0 142·0
105·9 104·3 102·0 104·0 100·5 103·5
138·3 111·8 122·3 123·2 118·0 126·7
112·3 113·9 113·9 114·2 115·5 114·9
104·8 106·8 106·2 106·0 107·7 107·2
113·6 114·6 106·2 101·4 117·0 118·0
102·3 105·1 105·1 110·2 106·4 111·6
145·0 140·7 135·9 139·0 142·9 139·6
101·7 102·6 102·2 103·9 104·8 109·9
128·8 126·3 123·3 125·6 128·4 127·8
115·2 118·0 117·1 115·8 117·8 119·6
108·6 109·6 110·0 109·8 109·3 109·7
116·3 111·9 112·5 120·2 115·6 110·0
105·2 106·9 100·3 112·7 106·3 110·3
143·2 144·3 135·4 138·0 154·8 139·4
105·8 106·8 107·4 105·1 107·1 107·2
129·0 129·3 124·4 125·3 136·5 126·6
119·4 119·5 120·3 120·0 120·7 121·1
110·1 111·4 111·6 111·0 112·4 112·6
109·7 114·7 116·5 114·1 118·7 116·4
110·6 112·7 115·7 117·0 113·6 126·9
162·5 125·9 143·8 151·1 157·4 148·8
105·5 107·2 104·6 109·9 108·0 109·5
141·0 118·9 129·0 135·5 138·6 133·3
124·3 124·8 122·6 125·7 126·3 127·4
118·1 116·3 116·3 117·0 114·0 116·8
126·9 107·1 116·3 106·0 124·9 116·8
113·5 116·7 119·8 104·1 110·6 117·4
156·1 155·9 146·3 147·1 131·8
110·8 107·9 116·4 107·8 105·5
138·8 136·8 134·5 131·9 121·7
127·2 128·4 127·1 130·0 —
115·7 117·0 115·7 121·2 —
111·0 121·2 101·9 — —
113·0 126·9 116·5 — —
July August September October November December 2005 January February March April May June July August September October November December 2006 January February March April May June July August September October November
Source: Central Statistics Office.
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% Change
Industrial Production Index Modern
All Other Sectors
Retail Sales
External Trade Volume
Total
Core
Total
Exports
Imports
1997 1998 1999 2000 2001 2002 2003 2004 2005
29·2 30·4 21·3 20·2 14·7 12·1 6·0 −0·4 4·3
4·0 4·4 3·0 5·5 1·8 −1·5 2·0 2·6 0·4
17·5 19·8 14·8 15·3 9·7 7·3 4·8 0·5 3·0
6·9 7·6 8·0 8·9 7·1 1·7 1·6 3·0 5·0
7·4 7·9 9·6 11·9 1·5 0·2 0·9 3·0 4·8
14·9 24·5 16·3 19·3 5·1 3·1 −3·8 6·7 4·9
14·8 18·1 8·4 16·3 −0·4 0·9 −6·1 9·2 11·4
(% Change Year-on-Year) 2004 January February March April May June
1·9 0·5 7·2 8·7 −1·5 −0·6
11·6 5·0 3·1 1·2 6·3 9·3
5·0 1·9 5·9 6·4 1·1 2·3
2·2 1·2 3·2 0·7 4·7 2·9
0·1 1·5 4·6 1·9 5·7 2·9
5·6 12·5 18·0 10·5 −0·3 7·2
4·0 5·9 3·8 12·8 13·8 12·8
July August September October November December
14·8 −19·2 7·4 −10·3 −11·4 −0·5
5·9 −3·7 −1·2 −0·8 −6·2 0·4
11·7 −14·3 4·5 −7·4 −9·8 0·1
2·5 4·6 3·2 2·8 4·9 3·5
1·9 4·0 3·3 1·7 4·6 3·3
10·5 11·6 −4·0 −5·4 7·1 7·2
9·4 10·4 7·9 15·4 0·3 11·3
10·0 4·9 −1·7 −2·8 8·0 4·9
−5·0 −3·8 −3·5 −0·6 −1·8 1·4
4·9 1·9 −2·3 −2·2 4·8 3·6
2·9 6·3 4·2 2·5 5·1 5·7
5·1 8·4 4·3 4·0 4·5 3·5
10·1 −1·1 0·0 8·7 14·4 −0·5
9·8 10·5 9·7 15·1 7·7 7·0
−10·1 23·2 0·1 2·1 20·0 −2·0
−0·1 2·4 5·3 1·1 6·6 3·6
−6·7 15·7 1·7 1·7 15·7 −0·1
6·3 4·9 5·6 5·1 4·5 5·4
5·1 4·3 5·1 4·7 4·4 5·0
−3·5 0·1 9·7 7·0 1·4 −1·3
8·2 7·2 10·1 6·2 6·7 13·8
12·1 −10·5 5·7 8·7 10·1 6·6
3·7 4·5 2·3 5·8 3·1 −0·4
9·5 −5·9 4·6 7·9 7·9 4·3
7·9 5·8 4·7 8·5 7·2 6·5
8·7 6·1 5·7 6·6 4·3 6·5
9·1 −4·2 2·0 −12·6 7·5 6·1
7·9 5·9 15·2 −9·2 −0·0 6·4
9·0 8·0 8·1 6·6 −14·9
4·7 1·0 8·4 2·6 −1·5
7·6 5·8 8·1 5·3 −10·8
6·5 7·4 5·7 8·3 —
5·1 5·0 3·7 9·2 —
9·7 10·1 −2·7 — —
2·7 6·2 3·8 — —
2005 January February March April May June July August September October November December 2006 January February March April May June July August September October November
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Table E5: Labour Costs — Average Earnings
\ per week
Industry
Construction
Public Sector
Distribution and Business Services
Banking and Financial Services
2000 2001 2002 2003 2004 2005
436·21 470·97 501·51 535·74 560·77 580·88
539·74 586·69 644·68 671·59 703·87 754·36
611·54 671·78 704·28 734·86 797·09 844·16
505·02 545·41 563·70 589·40 619·41 644·70
593·32 658·10 686·91 698·16 737·52 769·47
2003 Q1 Q2 Q3 Q4
516·90 537·50 537·13 551·44
657·49 664·41 672·72 691·72
720·93 734·02 737·58 746·91
582·08 583·63 585·01 606·86
683·90 707·81 689·92 711·01
2004 Q1 Q2 Q3 Q4
544·22 562·21 562·36 574·29
678·22 698·25 712·62 726·38
773·05 794·34 803·50 817·47
611·04 617·76 617·68 631·16
727·23 736·26 741·75 744·84
2005 Q1 Q2 Q3 Q4
572·67 577·74 580·56 592·56
737·19 758·23 745·97 776·05
820·83 838·35 848·94 868·51
630·08 638·69 644·48 665·56
763·90 776·42 754·62 782·92
2006 Q1 Q2 Q3
585·56 597·70 600·99
743·78 761·83 770·35
867·62 878·65 —
664·35 673·48 —
796·35 833·45 821·20
% Change Year-on-Year
Industry
Construction
Public Sector
Distribution and Business Services
Banking and Financial Services
2000 2001 2002 2003 2004 2005
6·6 8·0 6·5 6·8 4·7 3·6
12·4 8·7 9·9 4·2 4·8 7·2
5·7 9·9 4·8 4·3 8·5 5·9
8·3 8·0 3·4 4·6 5·1 4·1
6·2 10·9 4·4 1·6 5·6 4·3
2003 Q1 Q2 Q3 Q4
7·4 8·7 5·7 5·6
5·4 4·2 1·3 6·0
3·6 5·0 5·2 3·6
5·6 4·8 4·3 3·6
−1·6 −0·2 3·9 4·6
2004 Q1 Q2 Q3 Q4
5·3 4·6 4·7 4·1
3·2 5·1 5·9 5·0
7·2 8·2 8·9 9·4
5·0 5·8 5·6 4·0
6·3 4·0 7·5 4·8
2005 Q1 Q2 Q3 Q4
5·2 2·8 3·2 3·2
8·7 8·6 4·7 6·8
6·2 5·5 5·7 6·2
3·1 3·4 4·3 5·5
5·0 5·5 1·7 5·1
2006 Q1 Q2 Q3
2·3 3·5 3·5
0·9 0·5 3·3
5·7 4·8 —
5·4 5·4 —
4·2 7·3 8·8
Source: Central Statistics Office.
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per hour
Industry \
Industry % Change YoY
Construction \
Construction % Change YoY
2000 2001 2002 2003 2004 2005
10·66 11·76 12·69 13·37 14·02 14·43
6·1 10·3 7·9 5·4 4·8 2·9
11·82 13·16 14·54 15·30 15·99 17·13
12·4 11·4 10·5 5·2 4·5 7·1
2003 Q1 Q2 Q3 Q4
13·02 13·42 13·39 13·65
6·3 7·3 3·9 4·3
14·96 15·27 15·28 15·68
6·1 4·5 3·9 6·3
2004 Q1 Q2 Q3 Q4
13·65 14·00 14·12 14·29
4·8 4·3 5·5 4·7
15·67 15·89 16·14 16·25
4·7 4·1 5·6 3·6
2005 Q1 Q2 Q3 Q4
14·29 14·34 14·44 14·63
4·7 2·4 2·3 2·4
16·67 17·31 17·05 17·49
6·4 8·9 5·6 7·6
2006 Q1 Q2 Q3
14·74 14·91 14·96
3·1 4·0 3·6
17·29 17·29 17·47
3·7 −0·1 2·5
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Table E6: Labour Market Indicators
Labour Force ’000s persons
Employment ’000s persons
Unemployment ’000s persons
Unemployment Rate %
Participation Rate %
Annual Averages 1998 1999 2000 2001 2002 2003 2004 2005
1,645·7 1,709·6 1,767·5 1,815·6 1,858·6 1,898·6 1,951·8 2,040·9
1,520·8 1,614·5 1,692·2 1,745·4 1,777·0 1,810·6 1,865·0 1,952·0
125·0 95·1 75·3 70·2 81·6 88·0 86·8 88·9
7·6 5·6 4·3 3·9 4·4 4·7 4·5 4·3
57·2 58·5 59·5 59·9 60·0 60·2 60·7 62·0
Seasonally Adjusted 2003 Q1 Q2 Q3 Q4
1,883·6 1,891·7 1,901·9 1,917·8
1,796·8 1,806·0 1,809·1 1,831·4
87·7 85·7 91·2 86·9
4·7 4·5 4·8 4·5
60·0 60·1 60·1 60·4
2004 Q1 Q2 Q3 Q4
1,933·5 1,936·3 1,954·9 1,982·5
1,847·5 1,848·8 1,867·6 1,896·5
86·5 87·7 86·5 86·5
4·5 4·5 4·4 4·3
60·6 60·4 60·7 61·2
2005 Q1 Q2 Q3 Q4
2,004·3 2,031·1 2,053·4 2,074·7
1,918·9 1,942·3 1,963·8 1,983·0
85·4 88·8 89·1 92·1
4·2 4·3 4·3 4·4
61·5 61·9 62·1 62·4
2006 Q1 Q2 Q3
2,100·6 2,125·0 2,143·7
2,008·3 2,030·8 2,046·6
92·1 94·6 96·5
4·4 4·4 4·5
62·7 63·0 63·0
% Change Year-on-Year
Labour Force
Employment
Annual Averages 1999 2000 2001 2002 2003 2004 2005
3·9 3·4 2·7 2·4 2·1 2·8 4·6
6·2 4·8 3·1 1·8 1·9 3·0 4·7
Unadjusted data 2003 Q1 Q2 Q3 Q4
2·0 1·9 2·1 2·6
1·7 1·7 1·5 2·6
2004 Q1 Q2 Q3 Q4
2·7 2·4 2·7 3·4
2·9 2·4 3·1 3·6
2005 Q1 Q2 Q3 Q4
3·7 4·9 5·0 4·7
3·9 5·1 5·1 4·6
2006 Q1 Q2 Q3
4·8 4·6 4·4
4·7 4·6 4·2
Source: Central Statistics Office.
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Explanatory Notes
The Central Bank of Ireland became the Central Bank & Financial Services Authority of Ireland (the ‘Bank’) on 1 May 2003. However, in order to ensure clarity and continuity in the statistical tables and Explanatory Notes the term ‘Central Bank’ is generally used.
Section A: Main Monetary Indicators Official External Reserves Official external reserves data include a quarterly valuation adjustment. Selected Monetary Aggregates 1. Selected Measures of Private-Sector Credit Private-sector credit of all credit institutions comprises all forms of lending, including accrued interest thereon, by withinthe-State offices of all credit institutions to Irish resident entities other than credit institutions, the Central Bank and the General Government. 2. Monetary Aggregates The Irish contribution to narrow money supply M1, contains two components, namely currency in circulation and overnight deposits. Currency in circulation comprises the Bank’s share of euro banknotes issued in the Eurosystem, in proportion to the Bank’s paid-up shares in the capital of the ECB, plus coin issued by the Central Bank less holdings by within-the-State offices of MFIs of issued euro banknotes and coin. Overnight deposits comprise sight/demand deposits held at within-the-State offices of all credit institutions and the Post Office Savings Bank by Irish and other monetary union resident private-sector entities, i.e., by Irish and other monetary union resident entities other than credit institutions, the Central Bank and Central Government. The Irish contribution to the intermediate money supply M2, comprises M1 plus deposits with an agreed maturity of up to 2 years, deposits with a period of notice of up to 3 months denominated in both euro and foreign currency held at within-the-State offices of all credit institutions and the Post Office Savings Bank, by Irish and other monetary union resident private-sector entities, i.e., by Irish and other monetary union resident entities other than credit institutions, the Central Bank and Central Government. The Irish contribution to the broad money supply M3, covers M2, repurchase agreements and debt securities with a maturity of up to 2 years issued by within-the-State offices of all credit institutions to Irish and other monetary union resident private-sector entities minus holdings by credit institutions of securities issued by euro-area MFIs. It also includes money market fund (MMF) shares/units issued by resident MMFs to Irish and other euro-area residents.
Section B: Interest Rates and Exchange Rates and Balance of Payments Official and Selected Interest Rates Table B1 includes key ECB and money-market interest rates and selected domestic rates, which were previously in Tables B1 and B2. Retail Interest Rates Tables B2.1 and B2.2 show retail interest rates and volumes for outstanding amounts and new business collected under Regulation ECB/2001/18. This regulation provides a framework for collecting harmonised interest-rate data for eurodenominated loans and deposits vis-a`-vis households and non-financial corporations resident in the euro area. Rates are calculated as weighted averages for all products within each instrument category. For all instrument categories except the APRC, the rate relates to the interest component only. The APRC includes the interest component plus any other charges applied by the lending institution.
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Trade-Weighted Competitiveness Indicators for Ireland 1. Weights (%) UK (27.66), US (18.31), Germany (16.22), France (9.12), Japan (8.57), Netherlands (5.67), Italy (5.43), Belgium (3.51), Singapore (2.93) and Spain (2.58). 2. Deflators Consumer Prices — Harmonised Indices of Consumer Prices (HICP) are used for Ireland and the other EU countries. CPI indices are used for the remaining three countries. Producer Prices — Indices of domestic output prices for manufacturing are used for Ireland, the other EU countries and Japan. The index for finished goods is used for the US while the wholesale index is used for Singapore. Since seasonally-adjusted data are not universally available, non-seasonally adjusted price indices are used. Section C: Banking and Other Financial Institutions Credit Institutions: Monthly Balance-Sheet Statistics 1. Coverage The monthly balance-sheet statistics relate to liabilities and assets, classified on a residency basis in respect of withinthe-State offices. 2. Residency The residency classification is based on the residency of a customer and not on the location of the particular branch in which the account is maintained. Irish residents comprise the General Government, individuals living in the State for at least one year, private non-profit-making bodies, and enterprises, both public and private, that operate within the State. The definition of residency conforms to international balance-of-payments convention. 3. Valuation Unless otherwise specified, all liabilities and assets are recorded at the value standing in reporting institutions’ books (‘‘book value’’) on return dates. In some cases, book value will reflect not only the cash value but also revaluations and internal transfers. All non-euro liabilities and assets, regardless of residency classification, are valued at mid-spot rates on return dates and recorded in the tables as euro equivalents of the amounts outstanding on those days. The valuation of liabilities and assets would not normally include accrued interest payable or receivable on relevant accounts, nor would it include unearned interest or charges. However, where a liability or asset is valued at market price which indistinguishably includes interest, such accrued interest may form part of the valuation; where interest is paid by means of discount (for example, Exchequer Notes), such interest may also be included in book value, if it is the accounting practice of institutions to do so. Other aspects which impinge on the method of measuring various liabilities and assets are the treatment accorded to provisions for bad and doubtful debts, offsets and items in transit. Provision for bad and doubtful debts comprise specific and general provisions and interest suspense accounts. These are defined in accordance with a provision in the Companies Act, 1963, and have been deducted from the loans to which they refer. Offsets: Certain credit and debit balances, which satisfy precise conditions specified by the Central Bank have been offset. Items in transit: Credit institutions’ current accounts and overdrafts have been adjusted for net debit items in transit by deducting 60 per cent of the figure from current accounts and adding 40 per cent to overdrafts. 4. Monetary Financial Institutions Credit institutions, as defined in Community Law, and all other resident financial institutions whose business is to receive deposits and/or close substitutes for deposits from entities other than monetary financial institutions (MFIs), and, for their own account (at least in economic terms), to grant credits and/or make investments in securities.
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5. Credit Institutions The definition of credit institutions corresponds with that of the EEC First Banking Directive. In the Irish case, resident credit institutions comprise licensed banks and building societies. 6. Government entities 6.1 General Government comprises all institutional units under public control that are principally engaged in: i) the production of goods and services not usually sold on a market; and/or ii) the redistribution of national income and wealth. They are mainly financed by compulsory payments by the population. General Government is sub-divided as follows: (i) central government: all administrative departments, agencies, foundations, institutes and similar state bodies, whose competence extends over the whole economic territory. (ii) other general government comprises state/regional government (institutional units exercising some of the functions of government at a level below central government but above local government); local government (administrative department, agencies etc. whose competence covers only a restricted part of the economic territory; and social security funds (schemes whose principal objective is to provide social benefits to the population). The Irish Central Government includes all government departments, the National Treasury Management Agency (NTMA) and the Post Office Savings Bank (POSB). 7. Other resident (non-Government) entities Other resident (non-Government) entities are personal and corporate clients, credit unions, commercial State-sponsored bodies, hire-purchase and other finance companies. They do not include the Central Bank, the General Government or credit institutions. 8. All Credit Institutions: Aggregate Balance Sheet — Liabilities 8.1 Capital and reserves comprise all capital (including capital contributions, i.e., payments into the reserves of a reporting institution by its parent for no consideration, which are not repayable except at the option of the reporting institution), reserves (except taxation reserve), accumulated retained profits, preference shares and subordinated loan capital, including floating rate notes. 8.2 Deposits from credit institutions and other MFIs (excluding Central Bank) comprise all funds placed with reporting institutions by monetary financial institutions. It includes: current accounts, money market deposits and other term deposits of MFIs with the reporting institution. 8.3 Deposits from Central Bank comprises drawings on the European System of Central Banks’ Marginal Lending Facility, sale and repurchase agreements and other advances extended by the European System of Central Banks or other central banks. 8.4 Deposits from General Government comprises overnight (current) and deposit account balances held by the General Government (including government departments and the National Treasury Management Agency) with credit institutions. 8.5 Deposits from other residents comprise overnight (current) accounts and deposit accounts held with credit institutions by resident entities, as defined in item 7. (i) Overnight accounts comprise demand deposits, including those bearing interest, which are transferable by cheque or electronic equivalent, and suspense accounts. This item is reported net of the adjustment for items in transit, as defined in item 3. (ii) Agreed maturity comprise non-transferable deposits which cannot be converted into currency before that agreed fixed term or which can only be converted into currency before that agreed term provided that the account holder is charged some kind of penalty.
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(iii) Notice comprise deposits which are without any agreed maturity and cannot be converted into currency without a period of prior notice, before which the conversion into cash is not possible or possible only with a penalty. (iv) Repurchase agreements comprise funds received as part of ‘repo-like’ agreements. These agreements involve the receipt of cash by the reporting institution in exchange for securities with a simultaneous commitment to reverse the transaction at a future date. ‘Repo-like’ agreements include genuine repos, sale and buy-backs, and securities lending agreements with cash collateral. 8.6 Debt securities issued comprise funds received in exchange for non-equity debt securities issued by the reporting institution. Such instruments are usually negotiable and traded on secondary markets, and do not grant the holder any ownership rights over the issuing institution. All non-equity bearer securities which have been issued by the reporting institution are reported here, e.g., all commercial paper, certificates of deposit, notes and bonds which have been issued by the reporting institution to non-Government entities or in bearer form. 8.7 Remaining liabilities are the sum of all other liabilities of credit institutions. These include accrued interest payable, taxation provisions and reserves, sundry credit items such as: accrued expenses or net credit balances on accounts relating to the operating costs of the reporting institution such as salaries, wages, rent, rates, stationery, heating and lighting, insurance, stamp duty, PAYE, VAT, etc.; any gross credit balances on impersonal accounts not relating to customers’ funds; any leasing rentals paid in advance by customers; any commissions and any net liability to nonresident offices. 9. All Credit Institutions: Aggregate Balance Sheet — Assets 9.1 Holdings of notes and coin comprise holdings of cash at branches and at the head office of the reporting institution. Cash in transit between branches and head office and cash held in ATMs are included. 9.2 Loans to credit institutions and other MFIs (excluding Central Bank) comprise all funds placed by reporting institutions with monetary financial institutions. It includes: current accounts, money market deposits and other term deposits of the reporting institution with MFIs. 9.3 Balances with Central Bank comprise any deposit which the reporting institution must maintain with the Central Bank of Ireland pursuant to the European Communities (Deposit Guarantee Schemes) Regulations, 1995 and funds placed by reporting institutions in their reserve requirement deposit accounts. It also includes discretionary term deposits, overnight and current/settlement account balances and any special supplementary deposits which reporting institutions have been requested to place with the European Systems of Central Banks or other central banks. 9.4 Loans to General Government comprise credit extended by credit institutions to General Government including advances under revolving credit facilities. 9.5 Loans to other residents comprise all forms of lending, i.e., funds lent by the reporting institution which are not evidenced by negotiable documents, to resident entities, as defined in item 7. Lending to credit institutions, the Central Bank and Central Government is excluded. All loans are reported net of any provisions for bad and doubtful debts and net of any unearned interest and charges. (i) Overdrafts comprise utilised facilities granted by way of accommodation to clients on accounts which show frequent fluctuations between debit and credit balances. Such facilities are usually negotiated for a period of one year and are repayable on demand. Only debit balances are reported here. This item is reported net of the adjustment for items in transit, as defined in item 3.
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(ii) Repurchase agreements comprise funds advanced under ‘reverse repo-like’ agreements. These agreements involve the lending of cash by the reporting institution in exchange for securities with a simultaneous commitment to reverse the transaction at a future date. ‘Reverse repo-like’ agreements include genuine reverse repos, buy and sell-backs, and securities borrowing agreements with cash collateral. (iii) Loans up to and including one year comprises loans, other than overdraft facilities, with an original maturity of up to and including one year. Any loans to resident entities, as defined in item 7, at a money-market rate and with an original maturity of up to and including one year are reported here. (iv) Term/revolving loans comprise loans which are repayable by negotiated amounts and which at the time when they were originally contracted (or renegotiated if applicable) had a maturity in excess of one year; loans to resident entities, as defined in item 7, at a money-market rate and with an original maturity of more than one year; loans which are rolled over after specified periods under loan agreements which at the time of original contraction (or renegotiation if applicable) are for periods in excess of one year; instalment-credit type financing with fixed monthly repayments whereby, as the monthly payment reduces the amount outstanding on the loan, the borrower may obtain further advances by topping up to his credit limit without increasing the amount of his monthly payment; and aggregate amount of net indebtedness of credit-card holders arising from the usage of credit cards. (v) Instalment-credit/Hire-purchase/Leases comprise agreements where the amount borrowed is repayable with interest by equal instalments over an agreed period. In the case of hire-purchase agreements ownership remains with the reporting institution until the customer has paid the required number of instalments and exercised his right to purchase the goods. In the case of instalment-credit agreements ownership of the goods passes to the customer from the supplier, with the reporting institution making its advance on the completion of the documentation. Unearned interest and charges are not included. In the case of leases, the lease transfers substantially all the risks and rewards of ownership of the asset to the leasee. It is presumed that such a transfer of risks and rewards occurs if at the inception of the lease the present value of minimum lease payments, including any initial payment, amounts to substantially all (90 per cent or more) of the fair value of the leased asset. Unearned interest and charges are not included. (vi) Residential mortgages comprise lending to private individuals for house purchase, repair, development or improvement, secured by a mortgage on the property which is or will be occupied by the borrower or which the borrower will rent out for residential purposes. This includes mortgages, for example, for holiday or second homes. ‘Top up’ mortgages or ‘equity release’ mortgages, whereby a mortgage is increased to allow funds to be used for purposes other than purchase of residential property are not included. Such mortgages are reported under Other Mortgages. (vii) Other mortgages comprise commercial mortgages and all other loans secured by mortgage on property, other than those mentioned above. (viii) Other loans and securities issued comprises all other forms of lending by credit institutions to non-Government entities. 9.6 Holdings of securities comprise funds lent in exchange for non-equity debt securities. Such instruments are usually negotiable and traded on secondary markets, and do not grant the holder any ownership rights over the issuing institution. The category Issued by general government includes Exchequer Notes and other government Securities (stock) held by credit institutions, including any government securities lent by reporting institutions as part of sale and repurchase agreements or securities lending agreements. 9.7 Shares and other equity comprise holdings of securities which represent property rights in corporations. These securities generally entitle the holders to a share in profits of the corporation or share in their own funds in the event of liquidation.
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9.8 Fixed assets comprise premises, equipment, furniture, fixtures and fittings, company cars, etc., owned by reporting institutions for their own use. These assets are reported net of accumulated depreciation. 9.9 Remaining assets are the sum of all other assets of credit institutions. These include accrued interest receivable, sundry debit items such as: prepayments or debit balances on operating accounts of the reporting institution such as salaries, wages, rent, rates, stationery, heating and lighting, insurance, stamp duty, PAYE, VAT, etc.; any net claim on non-resident offices. 10. Retail Clearing Institutions: Aggregate Balance Sheet The items reported in this balance sheet consist of the items defined for all credit institutions, reported for retail clearing institutions only. 11. Non-Retail Clearing Institutions with Predominantly Domestic Business: Aggregate Balance Sheet The items reported in this balance sheet consist of the items defined for all credit institutions, reported for non-clearing institutions with predominantly domestic business only. 12. Non-Retail Clearing Institutions with Predominantly Foreign Business: Aggregate Balance Sheet The items reported in this balance sheet consist of the items defined for all credit institutions, reported for non-retail clearing institutions with predominantly foreign business only. 13. Mortgage Lenders: Aggregate Balance Sheet The items reported in this balance sheet consist of the items defined for all credit institutions, reported for mortgage lenders only. 14. All Credit Institutions: Selected Off-Balance-Sheet Business Derivative Contracts Single-Currency Interest-Rate-Related Derivative Contracts All derivative contracts recorded here are based on interest rates which are denominated in a single currency. All such contracts are recorded here even if they are hedged or matched by other transactions. Forward Rate Agreements A Forward Rate Agreement (FRA) is an interest-rate agreement based on a notional principal amount under which a buyer and seller agree to exchange the difference between the current interest rate and a pre-agreed fixed rate, struck on the transaction date of the FRA, for a specified future period (e.g., 3 months), starting at the settlement date (e.g., 6 months from the transaction date). No principal changes hands — only the difference between the rate prevailing on the settlement date and the agreed rate is paid/received at the settlement date. If rates have risen, then at settlement the purchaser of the FRA receives the difference in rates from the seller. If they have fallen, the seller receives the difference from the buyer. Swaps — The amount recorded here is the notional principal (or ‘nominal value’) of the swap. If a swap involves exchanging interest on a notional principal of euro equivalent 1 million, the swap is reported as having a nominal value of euro equivalent 1 million. Swaps — Fixed/Floating A contract where the reporting institution has agreed to pay to its counterparty a fixed-rate interest stream based on a notional principal over a specified period of time in exchange for a floating-rate interest stream on that same notional principal. Only contracts where both interest streams are denominated in the same currency are recorded here. The principal is not exchanged either at the beginning or end of the transaction and the contract is settled by the periodic exchange of the net interest flow between the counterparties.
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Swaps — Floating/Fixed A contract where the reporting institution has agreed to pay to its counterparty a floating-rate interest stream based on a notional principal over a specified period of time in exchange for a fixed-rate interest stream on that same notional principal. Only contracts where both interest streams are denominated in the same currency are recorded here. The principal is not exchanged either at the beginning or end of the transaction and the contract is settled by the periodic exchange of the net interest flow between the counterparties. Swaps — Floating/Floating A contract where the reporting institution has agreed to pay to its counterparty a floating-rate interest stream based on a notional principal over a specified period of time in exchange for a floating-rate interest stream (based on a different reference rate) on that same notional principal. This is sometimes called a basis swap. Only contracts where both interest streams are denominated in the same currency are recorded here. The principal is not exchanged either at the beginning or end of the transaction and the contract is settled by the periodic exchange of the net interest flow between the counterparties. Options — The amount recorded here is the notional principal underlying the option. For example, if the option allows the reporting institution to lock into an interest rate of 7 per cent calculated on a notional principal of \1 million, the option is recorded here as \1 million. Options — Bought (Purchased) An interest-rate option contract purchased by the reporting institution which gives it the right (but not the obligation) to lock into a predetermined interest rate either at a fixed point in the future (European style) or at a time chosen by the reporting institution up to the maturity of the option (American style). If the reporting institution has bought a swaption which gives it an option on a single-currency interest-rate swap, it is recorded here until the swaption has been exercised. Options — Sold (Written) An interest-rate option contract in which the reporting institution is required to carry out the terms of the contract if called upon by the option holder, thus enabling the option holder to lock into a predetermined interest rate either at a fixed point in the future (European style) or at a time chosen by the option holder up to the maturity of the option (American style). Futures — An interest-rate futures contract is an exchange-traded contract in which the parties agree to pay/receive a specified rate of interest on a specified amount for a specified period, starting at some future date. The reference rate may be short-term, typically based on a 3-month Treasury Bill or interbank rate, or longer-term, based on five-year, tenyear or twenty-year bonds. The total nominal amount of all contracts sold is reported. Futures — Bought (Purchased) A purchaser of a contract agrees to receive an interest rate (which is equivalent to placing a deposit or purchasing a bond). Therefore, interest-rate futures contracts are recorded here if the reporting institution has agreed to receive an interest rate. Futures — Sold A seller of a contract agrees to pay an interest rate (receive a deposit or sell a bond). Therefore, interest-rate futures contracts are recorded here if the reporting institution has agreed to pay an interest rate.
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Quarterly Bulletin 1 2007
Cross-Currency Interest-Rate-Related Derivative Contracts All derivative contracts recorded here are based on interest rates but should also have exposure to more than one currency (for example, an interest-rate swap where the pay-leg is denominated in a different currency to the receiveleg). All such contracts are recorded here even if they are hedged or matched by other transactions. Note that currency swaps whereby fixed interest-rate payments in one currency are exchanged for fixed interest-rate payments in another currency are not recorded here. These are recorded under ‘Other FX-Related: Currency Swaps’. Swaps — The amount recorded here is the ‘nominal value’ of the swap. If the swap involves exchanging interest payments based on a principal of euro equivalent 1 million, the swap is reported as having a nominal value of euro equivalent 1 million. Swaps — Fixed/Floating Cross-currency interest-rate swaps are reported here. These are contracts where the reporting institution has agreed to pay to its counterparty a stream of fixed-rate interest payments denominated in one currency over a specified period of time in exchange for a stream of floating-rate interest payments denominated in another currency. Swaps — Floating/Fixed Cross-currency interest-rate swaps are reported here. These are contracts where the reporting institution has agreed to pay to its counterparty a stream of floating-rate interest payments denominated in one currency over a specified period of time in exchange for a stream of fixed-rate interest payments denominated in another currency. Swaps — Floating/Floating This is a pay floating/receive floating interest-rate swap with payments denominated in different currencies. It is sometimes referred to as a cross-currency basis swap. This category also includes interest-rate basis swaps in which the buyer pays an interest rate in one currency (e.g., EURIBOR) and receives a second currency’s interest rate (e.g., LIBOR) plus or minus a spread with all payment streams denominated in the same currency. Although these swaps are sometimes referred to as Currency-Protected Swaps, the swap participant is still exposed to the correlation between interest rates and exchange rates. Other Any other derivative contracts based on interest-rates but which also have exposure to more than one currency and which have not been included above are recorded here. Other FX-Related Contracts are recorded here if they represent derivative contracts based on foreign-exchange (FX) rates. All such contracts are recorded here even if they are hedged or matched by other transactions. Forward Foreign Exchange Purchased This category concerns all contracts whereby the reporting institution agrees to purchase a specified amount of one currency against another at a fixed future date at an agreed exchange rate. It is recorded here according to the euro equivalent value of the specified amount of the currency that the reporting institution has agreed to purchase. — Outright Forwards Some forward foreign-exchange (FX) purchases may be carried out with a corresponding simultaneous spot sale of that currency. Such transactions are called FX Swaps. Only those forward FX purchases that are not FX Swaps are recorded here. These are referred to as ‘Outright’ Forwards. They are recorded here according to the euro equivalent value of the specified amount of the currency that the reporting institution has agreed to purchase.
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— FX Swaps Some forward foreign-exchange (FX) purchases may be carried out with a corresponding simultaneous spot sale of that currency. Such transactions are called FX Swaps. They are recorded according to the euro equivalent value of the specified amount of the currency that the reporting institution has agreed to purchase. Forward Foreign Exchange Sold This category concerns all contracts whereby the reporting institution agrees to sell a specified amount of one currency against another at a fixed future date at an agreed exchange rate. It is recorded here according to the euro equivalent value of the specified amount of the currency that the reporting institution has agreed to sell. — Outright Forwards Some forward foreign-exchange (FX) sales may be carried out with a corresponding simultaneous spot purchase of that currency. Such transactions are called FX Swaps. Only those forward FX sales that are not FX Swaps are recorded here. These are referred to as ‘Outright’ Forwards. They are recorded here according to the euro equivalent value of the specified amount of the currency that the reporting institution has agreed to sell. — FX Swaps Some forward foreign-exchange (FX) sales may be carried out with a corresponding simultaneous spot purchase of that currency. Such transactions are called FX Swaps. They are recorded according to the euro equivalent value of the specified amount of the currency that the reporting institution has agreed to sell. Currency Swaps A contract whereby fixed interest payments in one currency are exchanged for fixed interest payments in another currency. This is equivalent to a ‘pay fixed/receive fixed’ cross-currency interest-rate swap. There is normally a final exchange of principal and often an initial exchange of principal. A currency swap is recorded here according to its ‘nominal value’. If the swap involves exchanging interest payments based on a principal of euro equivalent 1 million, the swap should be reported as having a nominal value of euro equivalent 1 million. Currency Options — The amount recorded here is the notional principal underlying the option. For example, if the option allows the reporting institution to buy a certain amount of foreign currency in exchange for \1 million, the option should be recorded here as \1 million. Currency Options — Purchased An option contract purchased by the reporting institution which gives it the right (but not the obligation) to buy a predetermined amount of a set currency at a set exchange rate either at a fixed point in the future (European style) or at a time chosen by the reporting institution up to the maturity of the option (American style). Currency Options — Written A currency option contract in which the writer is required to carry out the terms of the contract if called upon by the option holder, thus enabling the option holder to buy a predetermined amount of a set currency at a set exchange rate either at a fixed point in the future (European style) or at a time chosen by the reporting institution up to the maturity of the option (American style). Other All other derivative contracts based on foreign-exchange (FX) rates and which have not been included above are recorded here.
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Equity-Related Derivative Contracts All derivative contracts based on equities are recorded here. All such contracts are shown even if they are hedged or matched by other transactions. Equity Index Contracts All derivative contracts based on an equity index, sub-index or customised basket of equities are recorded here. Equity Contracts All derivative contracts based on an equity holding are recorded here. Commodity-Related Derivative Contracts Commodity contracts All derivative contracts based on commodities are recorded here. All such contracts are shown even if they are hedged or matched by other transactions. Other Guarantee — A written undertaking, guarantee or bond issued by a reporting institution, which guarantees a beneficiary against specified losses thereby creating a contingent liability. Performance Bond — A bond issued by the reporting institution on behalf of a company undertaking a contract, which can be called upon by the other party to the contract in the event of specified degrees of non-performance by the company. Standby Letter of Credit serving as Financial Guarantees — A written undertaking or instrument issued by the reporting institution, to a designated beneficiary, guaranteeing, and giving the backing of the reporting institution to, financial obligations undertaken by its customers (such as the redemption of commercial paper). Intervention Guarantee — A guarantee provided by the reporting institution to the EU Intervention Agency, which in Ireland is the Department of Agriculture, on behalf of a customer, in respect of commodities placed into intervention. Documentary Credit — A letter of credit guaranteeing payment by the reporting institution in favour of a beneficiary against presentation of shipping and other documents in which the underlying shipment acts as collateral. This is facilitated by means of making payment to or accepting drafts drawn by the beneficiary, or by arranging this with another bank. Asset Sales with Recourse — Outstanding contingent liabilities, where the reporting institution has sold assets to a holder who is in a position to force the reporting institution to repurchase, or make good payment on or for the asset. Note Issuance Facility (NIF) — A guarantee by the reporting institution to purchase unsold short-term commercial paper issued by a client at each rollover date, thereby guaranteeing funds to the client. Revolving Underwriting Facility (RUF) — A form of Note Issuance Facility where, instead of purchasing unsold paper, the reporting institution agrees to provide standby credit. 15. Stock Exchange 15.1 Turnover comprises the sum of both purchases and sales by stockbrokers’ personal and corporate clients. 15.2 Amount raised comprises the cash value of funds raised. 15.3 Market capitalisation comprises the market value for all issues on the last trading day of each period. The price for valuation is the last trading price at close of business in the last trading day.
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Part 2
Part 2 contains selected data which have been published by the European Central Bank (ECB) in its Monthly Bulletin. The ECB Bulletin containing the full set of tables can be found on the ECB’s website (www.ecb.int).
Conventions used in the ECB tables —
Data do not exist.
.
Data are not yet available.
. . . nil or negligible p
provisional
s.a. seasonally adjusted
Quarterly Bulletin 1 2007
Table 1.1: Consolidated Financial Statement of the Eurosystem
\ million
1. Assets Gold and gold receivables
Claims on non-euro area residents in foreign currency
Claims on euro area residents in foreign currency
Claims on non-euro area residents in euro
Lending to euro area credit institutions in euro
of which: Main refinancing operations
Longer-term refinancing operations
Fine-tuning reverse operations
1
2
3
4
5
6
7
8
4 11 18 25
175,131 175,099 175,076 175,059
141,098 142,617 143,395 143,525
25,741 25,518 24,947 24,427
13,661 13,138 13,064 12,382
444,007 438,150 431,012 437,511
323,999 318,000 311,002 317,500
120,002 120,002 120,002 120,002
0 0 0 0
September
8 15 22 29
174,917 174,418 174,246 175,373
142,404 143,415 142,209 144,627
26,266 26,789 27,038 25,615
11,875 10,711 10,916 10,740
427,001 420,603 431,000 433,514
306,999 300,499 310,997 313,001
120,002 120,002 120,002 120,001
0 0 0 0
October
6 13 20 27
175,333 175,318 175,206 175,141
142,991 141,593 142,008 142,403
24,393 23,765 22,958 22,094
10,482 9,925 10,793 10,232
432,008 428,005 438,503 434,045
311,999 308,002 318,500 314,000
120,001 120,001 120,001 120,002
0 0 0 0
November 10 17 24
174,860 174,763 174,657
142,834 141,038 142,241
23,683 22,547 22,846
11,218 10,913 11,462
423,008 424,001 441,532
303,003 303,999 321,501
120,002 120,002 120,002
0 0 0
December
174,537
147,154
23,930
10,814
428,175
307,999
119,999
0
Banknotes in circulation
Liabilities to euro area credit institutions in euro
of which: Current Deposit accounts facility (covering the minimum reserve system)
Fixed-term deposits
1
2
3
4 11 18 25
593,865 594,160 590,682 584,865
167,863 167,427 169,172 166,133
167,818 167,421 169,147 166,099
September
8 15 22 29
589,247 587,883 585,919 589,235
165,145 168,026 167,068 163,211
October
6 13 20 27
592,940 592,914 591,005 591,960
November 10 17 24 December
2006 August
1
2. Liabilities
2006 August
1
Fine-tuning Deposits reverse related to operations margin calls
Other liabilities to euro area credit institutions in euro
Debt certificates issued
5
6
8
9
45 6 25 34
0 0 0 0
0 0 0 0
0 0 0 0
101 100 99 99
0 0 0 0
165,127 167,498 167,024 161,959
14 527 32 1,251
0 0 0 0
0 0 0 0
4 1 12 1
121 121 121 121
0 0 0 0
165,847 165,993 168,199 165,545
165,788 165,958 168,188 165,437
59 35 10 42
0 0 0 0
0 0 0 0
0 0 1 66
122 122 121 121
0 0 0 0
595,647 594,418 593,657
172,666 175,640 170,843
172,644 175,611 170,831
19 29 12
0 0 0
0 0 0
3 0 0
128 128 128
0 0 0
601,760
184,044
184,009
32
0
0
3
128
0
Source: European Central Bank Monthly Bulletin (December 2006).
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4
7
Quarterly Bulletin 1 2007
1. Assets Other claims on euro area credit institutions in euro
Securities of euro area residents in euro
General government debt in euro
Other assets
Total assets
12
13
14
15
16
Structural reverse operations
Marginal lending facility
Credits related to margin calls
9
10
11
0 0 0 0
0 148 0 0
6 0 8 9
6,324 6,588 6,601 7,552
85,863 85,846 84,294 84,738
40,050 40,050 40,050 40,049
182,752 185,696 185,473 187,782
1,114,627 1,112,702 1,103,912 1,113,025
0 0 0 0
0 102 1 511
0 0 0 1
8,377 9,306 9,108 9,195
83,885 83,861 83,067 81,559
40,049 40,049 40,049 40,021
190,624 193,001 194,897 197,671
1,105,398 1,102,153 1,112,530 1,118,315
September 8 15 22 29
0 0 0 0
8 2 0 43
0 0 2 0
9,379 9,059 8,907 10,083
81,590 81,391 80,953 80,856
40,021 40,022 40,022 40,022
198,406 201,088 201,931 203,860
1,114,603 1,110,166 1,121,281 1,118,736
October
0 0 0
0 0 23
3 0 6
9,060 10,083 9,353
79,795 79,422 78,953
40,027 40,027 40,027
208,347 210,442 212,243
1,112,832 1,113,236 1,133,314
November 10 17 24
0
177
0
9,833
78,999
40,027
212,675
1,126,144
December 1
2006 August
4 11 18 25
6 13 20 27
2. Liabilities Liabilities to other euro area residents in euro
Liabilities to non-euro area residents in euro
Liabilities to euro area residents in foreign currency
Liabilities to non-euro area residents in foreign currency
Counterpart of special drawing rights allocated by the IMF
Capital, reserves and revaluation accounts
Other liabilities
Total liabilities
10
11
12
13
14
15
16
17
70,400 66,783 61,105 78,439
15,327 15,707 15,971 16,183
110 112 105 106
9,131 10,314 10,274 9,860
5,692 5,692 5,692 5,692
184,892 184,893 186,388 186,390
67,246 67,514 64,424 65,258
1,114,627 1,112,702 1,103,912 1,113,025
65,809 58,636 71,011 74,471
16,057 15,671 16,865 15,704
128 143 121 105
10,681 12,417 12,152 11,570
5,692 5,692 5,692 5,701
186,392 186,557 186,558 188,294
66,126 67,007 67,023 69,903
1,105,398 1,102,153 1,112,530 1,118,315
September 8 15 22 29
68,549 65,026 75,338 73,924
15,948 16,082 15,921 16,104
196 97 99 112
8,270 6,843 7,142 6,658
5,701 5,701 5,701 5,701
188,295 188,296 188,297 188,298
68,735 69,092 69,458 70,313
1,114,603 1,110,166 1,121,281 1,118,736
October
54,799 55,867 78,971
16,327 16,143 16,332
101 118 104
8,610 5,374 6,940
5,701 5,701 5,701
188,302 188,305 188,307
70,551 71,542 72,331
1,112,832 1,113,236 1,133,314
November 10 17 24
44,248
16,458
83
12,923
5,701
188,308
72,491
1,126,144
December 1
2006 August
4 11 18 25
6 13 20 27
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Quarterly Bulletin 1 2007
Table 1.2: Key ECB Interest Rates
With effect froma
Deposit facility
Level 1
Main refinancing operations
Change 2
Fixed rate tenders
Variable rate tenders
Fixed rate
Minimum bid rate
Level 3
Level 4
Marginal lending facility
Change 5
Level 6
Change 7
Levels in percentages per annum; changes in percentage points 2000 February
4
2·25
0·25
3·25
—
0·25
4·25
0·25
March
17
2·50
0·25
3·50
—
0·25
4·50
0·25
April
28
2·75
0·25
3·75
—
0·25
4·75
0·25
June
9 28b
3·25 3·25
0·50 ...
4·25 —
— 4·25
0·50 ...
5·25 5·25
0·50 ...
September 1
3·50
0·25
—
4·50
0·25
5·50
0·25
October
3·75
0·25
—
4·75
0·25
5·75
0·25
−0·25
6
Euro area enlargement
2001 May
11
3·50
−0·25
—
4·50
−0·25
5·50
August
31
3·25
−0·25
—
4·25
−0·25
5·25
−0·25
September 18
2·75
−0·50
—
3·75
−0·50
4·75
−0·50
November 9
2·25
−0·50
—
3·25
−0·50
4·25
−0·50
2002 December 6
1·75
−0·50
—
2·75
−0·50
3·75
−0·50
2003 March
7
1·50
−0·25
—
2·50
−0·25
3·50
−0·25
June
6
1·00
−0·50
—
2·00
−0·50
3·00
−0·50
2005 December 6
1·25
0·25
—
2·25
0·25
3·25
0·25
2006 March
0·25
8
1·50
0·25
—
2·50
0·25
3·50
15
1·75
0·25
—
2·75
0·25
3·75
0·25
9
2·00
0·25
—
3·00
0·25
4·00
0·25
11
2·25
0·25
—
3·25
0·25
4·25
0·25
December 13
2·50
0·25
—
3·50
0·25
4·50
0·25
June August October
a From 1 January 1999 to 9 March 2004, the date refers to the deposit and marginal lending facilities. For main refinancing operations, changes in the rate are effective from the first operation following the date indicated. The change on 18 September 2001 was effective on that same day. From 10 March 2004 onwards, the date refers to the deposit and marginal lending facilities and to the main refinancing operations (changes effective from the first main refinancing operation following the Governing Council discussion), unless otherwise indicated. b On 8 June 2000 the ECB announced that, starting from the operation to be settled on 28 June 2000, the main refinancing operations of the Eurosystem would be conducted as variable rate tenders. The minimum bid rate refers to the minimum interest rate at which counterparties may place their bids. Source: European Central Bank Monthly Bulletin (December, 2006).
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Table 1.3: Eurosystem Monetary Policy Operations Allotted through Tenders ab Amounts in \ millions; interest rates in percentages per annum Date of settlement
Type of operation
1
Bids (amount)
2
Allotment (amount)
3
Fixed rate tenders
Variable rate tenders
Running for (...) days
Fixed rate
Minimum bid rate
Marginal ratec
Weighted average rate
4
5
6
7
3·00 3·00 3·00 3·00 3·00 3·00 3·00 3·00 3·00 3·25 3·25 3·25 3·25 3·25 3·25 3·25 3·25 3·25
3·05 3·05 3·05 3·00 3·04 3·04 3·03 3·00 3·02 3·29 3·29 3·30 3·31 3·31 3·31 3·30 3·30 3·30
3.06 3.06 3.06 3.02 3·05 3.04 3.04 3.03 3·04 3.30 3.30 3.31 3·32 3.32 3.32 3.31 3.31 3·31
6 8 7 7 7 7 7 6 8 7 7 7 7 7 7 7 7 7
8
Main Refinancing Operationsd 2006 August
9 15 23 30 September 6 13 20 27 October 3 11 18 25 November 1 8 15 22 29 December 6
359,131 367,386 376,014 323,482 350,124 356,118 346,764 313,570 342,164 367,380 378,950 378,282 382,135 392,532 403,488 392,901 385,957 374,364
318,000 311,000 317,500 310,500 307,000 300,500 311,000 313,000 312,000 308,000 318,500 314,000 307,000 303,000 304,000 321,500 308,000 329,000
Longer-Term Refinancing Operations 2003 December 18 2004 December 23 2005 December 1 22 23 2006 August 31 September 28 October 26 November 30
24,988
15,000
—
—
2·12
2·14
105
34,466
25,000
—
—
2·12
2·14
98
52,369 89,877 45,003
30,000 12,500 17,500
— — —
— — —
2·40 2·45 2·44
2·41 2·46 2·45
84 98 97
51,079 49,801 62,854 72,782
40,000 40,000 40,000 40,000
— — — —
— — — —
3·20 3·30 3·48 3·58
3·21 3·32 3·50 3·58
91 84 98 91
Other Tender Operations 2003 May 2004 May November December 2005 August September October December 2006 June July August September October
23
Collection of fixed-term deposits
3,850
3,850
2·50
—
—
—
3
11 8 7
Collection of fixed-term deposits 16,200 Reverse transaction 33,175 Collection of fixed-term deposits 18,185
13,000 6,500 15,000
2·00 — 2·00
— 2·00 —
— 2·06 —
— 2·07 —
1 1 1
9 6 11 5
Collection of fixed-term deposits 500 Reverse transaction 51,060 Collection of fixed-term deposits 23,995 Collection of fixed-term deposits 21,240
500 9,500 8,500 7,500
2·00 — 2·00 2·00
— 2·00 — —
— 2·09 — —
— 2·10 — —
1 1 1 1
14 11 8 5 10
Collection of fixed-term deposits 4,910 Collection of fixed-term deposits 9,000 Collection of fixed-term deposits 19,860 Collection of fixed-term deposits 13,635 Reverse transaction 36,120
4,910 8,500 18,000 11,500 9,500
2·50 2·75 2·75 3·00 —
— — — — 3·00
— — — — 3·05
— — — — 3·06
1 1 1 1 1
a The amounts shown may differ slightly from those in Table 1.1, due to operations allotted but not settled. b With effect from April 2002, split tender operations, i.e. operations with one-week maturity conducted as standard tenders in parallel with a main refinancing operation, are classified as main refinancing operations. For split tender operations conducted before this month, see Table 1.3.3. c In liquidity-providing (absorbing) operations, the marginal rate refers to the lowest (highest) rate at which bids are accepted. d See footnote c to Table 1.2. Source: European Central Bank Monthly Bulletin (December 2006).
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Table 1.4: Minimum Reserve Statistics
1. Reserve Base of Credit Institutions subject to Reserve Requirementsa b \ billions
Total
Liabilities to which a 2% reserve coefficient is applied
Liabilities to which a 0% reserve coefficient is applied
Deposits (overnight, up to 2 years’ agreed maturity and notice period)
Debt securities up to 2 years’ agreed maturity
Deposits (over 2 years’ agreed maturity and notice period)
Repos
Debt securities over 2 years’ agreed maturity
1
2
3
4
5
6
2003
11,538·7
6,283·8
412·9
1,459·1
759·5
2,623·5
2004
12,415·9
6,593·7
458·1
1,565·2
913·7
2,885·3
2005 Q4
14,040·7
7,409·5
499·2
1,753·5
1,174·9
3,203·6
2006 July August September
14,797·1 14,850·7 15,261·0
7,787·3 7,760·2 8,064·9
553·4 576·3 584·0
1,891·9 1,906·6 1,931·6
1,192·2 1,234·7 1,269·7
3,372·4 3,372·8 3,410·8
(End of period) Reserve base as at:
2. Reserve Maintenance c \ billions
Maintenance period ending in: 2003 2004
Required reservesd
Credit Institutions current accounts g
Excess reserves h
Deficiencies i
Interest rate on minimum reserves j
1
2
3
4
5
Interest rates as annual percentages
131·8 137·9
132·6 138·5
0·8 0·6
0·0 0·0
2·00 2·05
2005 Q4
152·0
153·0
1·0
0·0
2·07
2006 July 11 August 8 September 5 October 10 November 7 December 12
165·6 166·5 165·8 166·3 166·2 172·5
166·3 167·1 166·4 167·0 167·0 —
0·8 0·6 0·6 0·7 0·8 —
0·0 0·0 0·0 0·0 0·0 —
2·81 2·80 3·04 3·03 3·30 —
a Liabilities vis-a`-vis other credit institutions subject to ESCB’s minimum reserve system, the ECB and participating national central banks, are excluded from the reserve base. If a credit institution cannot provide evidence of the amount of its issues of debt securities with a maturity of up to two years held by the institutions mentioned above, it may deduct a certain percentage of these liabilities from its reserve base. This percentage was 10% for calculating the reserve base until November 1999, and 30% thereafter. b Until December 2003, the maintenance periods started on the 24th calendar day of a month and ran to the 23rd of the following month. On 23 January 2003 the ECB announced changes to the operational framework, which will be implemented on 10 March 2004. As a result of these changes, maintenance periods will start on the settlement day of the main refinancing operation (MRO) following the Governing Council meeting at which the monthly asessment of the monetary stance is scheduled. A transitional maintenance period has been defined to cover the period from 24 January to 9 March 2004. c This table contains average data for completed maintenance periods. d The amount of the reserve requirement of each individual credit institution is first calculated by applying the reserve ratio for the corresponding categories of liabilities to the eligible liabilities, using the balance sheet data from the end of each calendar month. Subsequently, each credit institution deducts from this figure a lump sum allowance of \100,000. The resulting required reserves are then aggregated at the euro area level. g Aggregate average daily current account holdings of credit institutions, including those that serve the fulfilment of reserve requirements. h Average current account holdings over the maintenance period in excess of the required reserves. i Average shortfalls of current account holdings from required reserves over the maintenance period, computed on the basis of those credit institutions that have not fulfilled their reserve requirement. j This rate equals the average, over the maintenance period, of the ECB’s rate (weighted according to the number of calendar days) on the Eurosystem’s main refinancing operations (see Table 1.3). Source: European Central Bank Monthly Bulletin (December, 2006).
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Quarterly Bulletin 1 2007
Table 2.1: Aggregated Balance Sheet of the Euro Area MFIs, excluding the Eurosystem a
\ billions (not seasonally adjusted: end of period) Loans to euro area residents
of which: Other euro area residents
Holdings of of which: securities other than shares issued MFIs by euro area residents
MFIs
General government
General government
Other euro area residents
1
2
3
4
5
6
7
8
1. Assets 2004
12,825·3
4,457·8
811·9
7,555·6
3,188·1
1,422·7
1,299·9
465·5
2005
13,684·0
4,569·7
826·9
8,287·4
3,498·6
1,517·7
1,429·4
551·5
2006 July August September October p
14,439·5 14,447·8 14,609·4 14,688·0
4,774·4 4,772·8 4,824·5 4,843·4
806·2 800·9 804·2 806·2
8,859·0 8,874·1 8,980·6 9,038·4
3,601·0 3,585·2 3,601·3 3,615·7
1,603·5 1,613·6 1,628·5 1,641·2
1,385·0 1,362·2 1,354·4 1,340·8
612·4 609·4 618·3 633·7
Currency in circulation
1
Deposits of euro area residents
of which:
Money market fund shares/units c
Debt securities issued d
MFIs
Central government
Other general government/ other euro area residents
2
3
4
5
6
7
2. Liabilities 2004
0·0
11,487·5
4,709·0
137·7
6,640·9
677·4
3,496·9
2005
0·0
12,214·6
4,851·2
149·2
7,214·2
698·9
3,858·3
2006 July August September October p
0·0 0·0 0·0 0·0
12,750·8 12,723·6 12,884·7 12,911·7
5,103·9 5,080·8 5,121·9 5,135·1
129·6 121·1 147·8 138·5
7,517·2 7,521·6 7,615·0 7,638·1
713·5 721·8 728·0 730·3
4,095·8 4,125·9 4,160·6 4,212·5
a This material was previously published in Table 2.2 in the ECB Bulletin. As and from September 2003 it has been included as the latter part of Table 2.1. b Amounts issued by euro area residents. Amounts issued by non-euro area residents are included in external assets. c Amounts held by euro area residents. d Amounts issued with maturity up to two years held by non-euro area residents are included in external liabilities. Source: European Central Bank Monthly Bulletin (December, 2006).
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Quarterly Bulletin 1 2007
Money market fund shares/ units b
Holdings of shares/other equity issued by euro area residents
External assets
Fixed assets
Remaining assets
Total assets
9
10
11
12
13
14
72·6
945·5
2,943·4
159·6
1,220·9
21,355·4
2004
83·1
1,007·0
3,672·0
165·7
1,542·6
23,653·0
2005
86·2 89·4 88·6 93·8
1,107·4 1,111·2 1,133·5 1,151·9
3,956·7 3,961·3 4,104·8 4,223·3
168·2 168·4 168·9 169·6
1,541·1 1,562·7 1,664·4 1,661·8
24,900·1 24,926·0 25,370·8 25,604·1
2006 July August September October
Capital and reserves
External liabilities
Remaining liabilities
Total liabilities
8
9
10
11
1,203·1
2,815·0
1,675·6
21,355·4
2004
1,310·6
3,518·0
2,052·7
23,653·0
2005
1,395·6 1,400·8 1,404·9 1,414·6
3,779·3 3,793·8 3,905·2 4,007·9
2,165·3 2,160·0 2,287·4 2,327·1
24,900·1 24,926·0 25,370·8 25,604·1
2006 July August September October
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Quarterly Bulletin 1 2007
Table 2.2: Consolidated Balance Sheet of the Euro Area MFIs, including the Eurosystema b
\ billions (not seasonally adjusted; end of period) Loans to euro area residents
1
of which: General government
Other euro area residents
Holdings of securities other than shares issued by euro area residentsc
of which:
2
3
4
5
6
7
8
9
10
11
General government
Fixed assets
Remaining Total assets assets
Other euro area residents
Holdings External of shares/ assetsc other equity issued by other euro area residents
1. Assets: levels outstanding 2004
8,389·6
833·4
7,556·3
1,907·1
1,439·9
467·2
666·9
3,237·4
173·6
1,345·9
15,723·6
2005
9,135·6
847·5
8,288·1
2,148·5
1,595·0
553·6
708·8
4,009·0
180·4
1,710·0
17,892·3
2006 July August September October p
9,686·2 9,696·0 9,805·9 9,865·6
826·5 821·2 824·6 826·5
8,859·6 8,874·7 8,981·3 9,039·0
2,173·3 2,152·7 2,154·8 2,159·5
1,558·7 1,541·2 1,534·3 1,523·5
614·6 611·5 620·5 635·9
788·3 786·9 802·3 820·1
4,309·3 4,310·1 4,453·3 4,573·7
183·0 183·2 183·7 184·5
1,727·3 1,753·9 1,861·0 1,856·2
18,867·3 18,882·8 19,260·9 19,459·5
Currency in circulation
Deposits of central government
Deposits of other general government/ other euro area residents
Money market fund shares/ unitsd
Debt securities issuedg
Capital and reserves
External liabilitiesc
Remaining liabilities
Excess of inter MFI liabilities
Total liabilities
1
2
3
4
5
6
7
8
9
10
2. Liabilities: levels outstanding 2004
468·4
162·4
6,655·9
604·9
2,061·7
1,051·6
2,842·2
1,842·9
33·6
15,723·6
2005
532·8
173·6
7,228·8
615·8
2,322·6
1,200·6
3,545·6
2,258·9
13·7
17,892·3
2006 July August September October p
562·7 559·0 563·2 567·1
194·3 184·8 203·0 191·9
7,536·5 7,536·6 7,631·1 7,658·1
627·3 632·4 639·4 636·4
2,470·2 2,489·1 2,507·8 2,545·9
1,274·0 1,271·6 1,268·8 1,277·7
3,810·3 3,825·5 3,939·0 4,039·1
2,376·6 2,374·7 2,507·4 2,549·2
15·3 9·0 1·2 −5·9
18,867·3 18,882·8 19,260·9 19,459·5
a The ECB was established on 1 June 1998. The data shown for the Eurosystem relate to the ECB (as from June 1998) and the national central banks of Member States in the euro area. b Data have been revised in the light of new information. c Since the end of November 2000, balances arising from the TARGET system are netted by novation on a daily basis. This implies that the bilateral positions of each NCB vis-a`-vis the ECB and other NCBs have been replaced by a single net bilateral position vis-a`-vis the ECB. For the TARGET gross end-month positions in 1999 and in 2000 (January to October), see the corresponding footnote in the February 2000 and December 2000 issues of the ECB Monthly Bulletin. d Amounts held by euro area residents. g Amounts issued with maturity up to two years held by non-euro area residents are included in external liabilities. Source: European Central Bank Monthly Bulletin (December 2006).
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Quarterly Bulletin 1 2007
Table 2.3: Monetary Aggregates a b
\ billions (seasonally adjusted) and annual growth changes, unless otherwise indicated M3c M2 M1 Currency in circulation
Overnight deposits
Total
Deposits with agreed maturity up to 2 years
Deposits redeemable at notice up to 3 months
Total
1
2
3
4
5
6
1. Levels outstanding at the end of the period 2004
456·4
2,452·3
2,908·7
1,024·5
1,636·0
5,569·2
2005
520·4
2,903·0
3,423·4
1,107·9
1,542·7
6,074·0
2006 July August September October p
552·3 558·7 563·4 572·3
2,993·6 3,012·3 3,028·6 3,013·7
3,545·9 3,571·0 3,592·1 3,586·0
1,242·1 1,270·0 1,314·4 1,342·1
1,562·7 1,566·7 1,567·6 1,566·7
6,350·6 6,407·7 6,474·1 6,494·8
M1
M2
Currency in circulation
Overnight deposits
Total
Annual growth rateg (%)
Deposits with agreed maturity up to 2 years
Deposits redeemable at notice up to 3 months
Total
Annual growth rateg (%)
1
2
3
4
5
6
7
8
2. Transactions 2004
67·7
170·9
238·6
8·9
−2·2
112·9
349·3
6·7
2005
64·0
274·7
338·6
11·4
69·3
69·5
477·5
8·5
4·5 6·4 4·7 8·9
−22·9 18·6 15·6 −14·9
−18·4 25·0 20·3 −6·1
7·4 7·2 7·2 6·3
26·6 28·4 43·4 27·8
−0·7 4·1 0·9 −0·9
7·4 57·5 64·6 20·8
8·2 8·4 8·4 8·2
2006 July August September October p
a Monetary aggregates comprise monetary liabilities of MFIs and central government (Post Office, Treasury) vis-a`-vis non-MFI euro area residents excluding central government. b Data have been revised in the light of new information. c M3 and its components exclude holdings by non-residents of the euro area of money market fund shares/units, money market paper and debt securities up to 2 years. d Credit comprises loans granted to non-MFIs resident in the euro area and holdings of securities issued by non-MFIs resident in the euro area. g Values in Annual growth rates are sums of transactions during the 12 months ending in the period indicated. Source: European Central Bank Monthly Bulletin (December, 2006).
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Quarterly Bulletin 1 2007
Main counterparts of M3 Repurchase agreements
Money market fund shares/units
Debt securities up to 2 years
Total
Longer-term MFI liabilities Deposits
of which: With agreed maturity over 2 years
Redeemable at notice over 3 months
7
8
9
10
11
12
13
242·3
620·0
102·3
6,533·8
1,449·7
1,359·5
90·2
2004
236·6
630·8
126·2
7,067·6
1,602·3
1,515·3
87·0
2005
252·5 255·3 269·6 256·3
623·3 624·0 641·1 636·6
160·5 178·4 177·2 193·5
7,386·9 7,465·4 7,562·1 7,581·3
1,705·3 1,712·9 1,724·1 1,747·3
1,611·5 1,617·2 1,626·4 1,647·7
93·8 95·7 97·7 99·6
2006 July August September October p
Main counterparts of M3 M3c Repurchase agreements
9
Longer-term MFI liabilities Money market fund shares/units
Debt securities up to 2 years
Total
Annual growth rateg (%)
Deposits
10
11
12
13
of which: With agreed maturity over 2 years
Redeemable at notice over 3 months
14
15
16
24·5
21·9
11·3
407·0
6·6
106·2
107·1
−0·9
2004
−6·7
−3·2
16·4
483·9
7·3
109·6
113·9
−4·3
2005
5·2 2·8 14·2 −13·3
6·1 −0·2 6·3 −1·3
0·1 18·3 1·0 16·1
18·9 78·4 86·0 22·3
7·8 8·2 8·5 8·5
12·1 7·7 12·7 23·2
10·5 5·8 10·7 21·3
1·6 1·9 2·0 1·9
2006 July August September October p
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Quarterly Bulletin 1 2007
Table 2.3: Monetary Aggregates (cont’d)
\ billions (seasonally adjusted) and annual growth changes, unless otherwise indicated
Creditd Debt securities over 2 years
Capital and Reserves
14
15
Credit to government
16
Net external assets Credit to other euroarea residents
of which:
17
18
19
Loans
1. Levels outstanding at the end of the period 2004
1,964·8
1,050·8
2,294·6
8,694·9
7,548·8
385·9
2005
2,203·9
1,199·6
2,468·0
9,555·1
8,281·4
455·8
2006 July August September October p
2,304·6 2,313·5 2,328·4 2,339·9
1,272·4 1,270·0 1,263·6 1,276·0
2,378·7 2,369·8 2,368·7 2,358·3
10,247·4 10,329·0 10,440·5 10,529·8
8,836·0 8,908·0 8,997·7 9,055·2
500·9 479·3 503·1 519·6
Creditd Debt securities over 2 years
Capital and Reserves
17
18
Credit to government
19
Net external assets Credit to other euroarea residents
of which: Loans
Annual growth rateg (%)
20
21
22
23
2. Transactions 2004
185·9
49·6
54·5
578·1
506·1
7·2
166·0
2005
199·2
88·0
92·6
830·0
699·4
9·2
1·9
14·5 13·1 9·5 11·3
22·6 −4·9 −2·7 3·0
−15·5 −13·1 −1·4 −8·4
107·8 82·9 116·8 80·5
82·1 74·6 92·5 58·5
11·1 11·3 11·4 11·2
9·8 −19·3 9·7 11·9
2006 July August September October p
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Quarterly Bulletin 1 2007
Table 4.8: Stock Market Indices
Index levels in points
2005
2006
December
June
July
August
September
October
November
Dow Jones EURO STOXX Indices Benchmark • Broad • 50
325·7 3,550·1
331·8 3,528·7
339·6 3,617·3
351·1 3,743·9
359·9 3,817·6
375·8 3,975·8
384·8 4,052·8
• Basic materials • Consumer cyclical • Consumer non-cyclical
348·4 190·8 268·4
367·8 193·6 269·8
389·0 196·6 277·0
399·7 200·9 289·3
410·4 208·4 297·2
435·6 216·9 306·8
451·8 220·1 319·2
• • • • •
418·5 330·8 342·7 339·2 373·5
390·7 338·2 365·2 336·0 404·4
409·5 348·2 369·8 321·7 415·7
418·2 366·5 375·9 324·4 442·3
401·9 379·1 389·6 331·3 456·0
419·4 397·5 405·6 341·1 475·6
438·6 401·3 420·2 343·6 490·5
418·5 496·1
394·8 530·2
393·3 548·6
394·9 525·3
405·6 525·4
431·1 532·2
456·8 517·4
1,262·4
1,253·1
1,261·2
1,287·2
1,317·5
1,363·4
1,389·4
15,664·0
14,990·3
15,133·2
15,786·8
15,930·9
16,515·7
16,103·9
Main economic sector indices
Energy Financial Industrial Technology Utilities
• Telecommunications • Healthcare United States • Standard & Poor’s 500 Japan • Nikkei 225
Note: Period averages used. Source: European Central Bank Monthly Bulletin (December, 2006).
119
