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Dissemination Standards Bulletin Board
Special Data Dissemination Standard
(AS PROVIDED TO THE IMF BY THE RESPECTIVE COUNTRY)
 
Flag of Euro Area Euro Area
Analytical accounts of the central bank
Last Posted: Nov-8-2006
Last Updated: Nov-8-2006

Contact Person(s)
        
Printer Friendly Page
 
Monetary Statistics Section,
Monetary and Financial Markets and Institutions Division,
European Central Bank,
Kaiserstrasse 29, D-60311,
Frankfurt am Main, Germany
 Phone :49 69 1344 7090
 Fax :49 69 1344 7606
 Email :monetary.statistics@ecb.int 

Dissemination Formats
Summary Methodology

Access National Summary Data Page

Cross-country comparisons: access the DSBB metadata query facility

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics

5.1.1 Statistical presentation

The aggregated balance sheet of the Eurosystem is based on the data collection from the ECB and the national central banks in the euro area. The statistics are compiled and disseminated by the ECB. Data are disclosed in billions of euros and the components (disseminated to the public in Table 2.1 of the ECB Monthly Bulletin Aggregated balance sheet of the Eurosystem) are:

• Assets (in Part 1 of Table 2.1): (total –column 1)
- Loans to euro area residents (column 2)
--General government (column 3)
-- Other euro area residents (column 4)
-- MFIs (column 5) - Holdings of securities other than shares issued by euro area residents (column 6)
-- General government (column 7)
-- Other euro area residents (column 8)
-- MFIs (column 9)
- Money market fund shares/units (column 10)
- Holdings of shares/other equity issued by euro area residents (column 11)
- External assets (column 12)
- Fixed assets (column 13)
- Remaining assets (column 14)

• Liabilities (in Part 2 of Table 2.1): Total (column 1)
- Currency in circulation (column 2)
- Deposits of euro area residents (column 3)
-- Central government (column 4)
-- Other general government / other euro area residents (column 5)
-- MFIs (column 6)
-- Money market fund shares/units (column 7)
- Debt securities issued (column 8)
- Capital and reserves (column 9)
- External liabilities (column 10)
- Remaining liabilities (column 11)

Total claims on general government can be obtained by adding loans to general government (column 3 under "Assets") and holdings of general government securities (column 7 under "Assets"). In addition to that, the counterpart of coin issued by the Treasuries of the participating Member States is included under the remaining assets. (column 14 in 'Assets').

Base money in euro, shown in Table 1.4, part 3 (column 12) of the Monthly Bulletin Minimum reserve and liquidity statistics, is calculated as the sum of banknotes in circulation, the deposit facility and the current account holdings in euro of credit institutions in the euro area with the Eurosystem (period averages of daily positions). Amounts are derived from the consolidated financial statement of the Eurosystem.

Periodicity

4.1.1 Periodicity

Monthly.
Timeliness

4.1.2 Timeliness

Balance sheet data: around the end of the calendar month following the reference period. Base money: around 2 weeks.
Access by the Public
Advance dissemination of
release calendar

5.1.3 Advance release calendar

A release schedule is announced in the monthly statistical press release on Monetary developments in the euro area ((http://www.ecb.int) under item Press releases/Statistical press releases.
Simultaneous release to all
interested parties

5.1.4 Simultaneous release

Data are released simultaneously to all interested parties by posting the data on the ECB's website (http://www.ecb.int) under Statistics/Latest monetary & financial statistics/Table 2.1 (Aggregated balance sheet of the Eurosystem) and under Statistics/Monthly Bulletin/Table 1.3 (Banking system's liquidity position/Base money).
Integrity
Dissemination of terms and
conditions under which
official statistics are
produced, including those
relating to the confidentiality
of individually identifiable
information

0.1.1 Responsibility for collecting, processing, and disseminating statistics

European Central Bank

The collection of statistical information for the fulfillment of the tasks of the European System of Central Banks (ESCB) is based on Article 5 of the Statute of the European System of Central Banks and the European Central Bank (the Statute) and carried out under Council Regulation (EC) No. 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (Official Journal of the European Union L 318 p.8.).

Analytical accounts of the central bank

The collection of statistical information for the fulfillment of the tasks of the European System of Central Banks (ESCB) is in accordance with the framework established under the Regulation (EC) No 2423/2001 of the European Central Bank of 22 November 2001 concerning the consolidated balance sheet of the MFI sector (ECB/2001/13), as amended by Regulation (EC) No 993/2002 (ECB/2002/4) of 6 June 2002, Regulation (EC) No 2174/2002 (ECB/2002/8) of 21 November 2002 and Regulation (EC) No 1746/2003 (ECB/2003/10) of 18 September.

The base money is derived from the consolidated financial statement of the Eurosystem and thus based on the Guideline of the European Central Bank for money and banking statistics (ECB/2003/2) of 6 February amended by Guideline ECB/2004/1 of 13 February 2004.

The monetary statistics of the Eurosystem are disseminated free of charge by the ECB as a service to the public.

0.1.3 Confidentiality of individual reporters' data

European Central Bank

The confidentiality regime of statistical information for the fulfillment of the tasks of the European System of Central Banks (ESCB) is protected by Article 8 of the Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank.

1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination

European Central Bank

The Protocol on the Statute of the European System of Central Banks and of the ECB can be found on the ECB's website under the item "legal framework" (http://www.ecb.europa.eu/ecb/legal/pdf/en_protocol_18.pdf). For a complete overview of all legal documents in all European Union languages: (http://www.ecb.europa.eu/ecb/legal/html/index.en.html).

The regulations have been published in the Official Journal of the European Communities, Council Regulation (EC) No 2533/98 in L318 dated 27.11.1998, ECB/2001/13 in L333 dated 17.12.2001, ECB/2002/4 in L151/11 dated 9.12.2002, ECB/2002/8 in L330 dated 6.12.2002, ECB/2003/10 in L250 dated 2.10.2003.

The legal texts can also be obtained by contacting the Office for Official Publications of the European Union, L-2985 Luxembourg (info@opoce.cec.be). The Official Journal is published in the 11 official languages of the EU.

Identification of internal
government access to data
before release

1.2.2 Internal governmental access to statistics prior to release

European Central Bank

No officials outside the ECB/Eurosystem have access to the data before the release.
Identification of ministerial
commentary on the occasion of
statistical releases

1.2.3 Attribution of statistical products

European Central Bank

There is no ministerial commentary on the occasion of statistical data release.

Provision of information
about revision and advance
notice of major changes in
methodology

4.3.1 Revision schedule

Data are provisional when first released and are routinely revised in the following month. Revisions relating to periods prior to the month preceding the current reference month occur when deemed necessary and are normally carried out at quarterly frequency.

1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques.

Changes in methodology are announced in the Monthly Bulletin when they are introduced.

Quality
Dissemination of
documentation on methodology
and sources used in preparing
statistics

5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques

For the purposes of the regular production of the aggregated balance sheet of the Eurosystem, the ECB and the national central banks shall report monthly statistical information relating to their balance sheets to the ECB. The required statistical information is specified in:

  • Regulation (EC) No 2324/2001 of the European Central Bank of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector (ECB/2001/13, as amended). Please see on the ECB Regulations above under 'Integrity'.

The Regulation is published in the Official Journal of the European Communities; it can be obtained by contacting the Office for Official Publications of the European Communities, L-2985 Luxembourg; (info@opoce.cec.be). The Official Journal is published in the 11 official languages of the EU. The Regulation is also directly available on the ECB's website: (http://www.ecb.int) and also contained in  the ECB Compendium June 1998-December 2001 under Publications/Legal documents/Compendium.

Other publications and documents on which the euro area monetary statistics are based (please see also summary methodology page):

  • List of Monetary Financial Institutions and institutions subject to minimum reserves; ECB's website (http://www.ecb.int) item "MFIs and Eligible assets". The list on the ECB's website is updated on the last working day of each month. A hardcopy version with the list as at the end of the year is released at the beginning of each new year.

  • Guidance Notes to the Regulation ECB/2001/13 on the MFI balance sheet statistics; ECB, November 2002, complemented by the Supplementary Guidance Notes concerning statistics on the holders of money market fund shares/units, April 2003, and the Guidance Notes on the MFI balance sheet statistics relating to EU enlargement as laid down in Regulation ECB/2003/10, February 2004.

  • Guideline of the European Central Bank for money and banking statistics (ECB/2003/2), February 2003, amended by Guideline ECB/2004/1 of 13 February 2004.

  • Money and Banking Statistics Sector Manual; Guidance for the statistical classification of customers; second edition; ECB, November 1999.

  • Statistical information collected and compiled by the ESCB; ECB, May 2000.

These publications are available free of charge from the:
European Central Bank
Press and Information Division
Postfach 16 03 19
D-60066 Frankfurt am Main
Germany



(See also summary methodology)
Dissemination of component
detail, reconciliations with
related data, and statistical
frameworks that support
statistical cross-checks
and provide assurance of
reasonableness

4.2.1 Internal consistency

The ECB issues also a weekly financial statement consisting of the Eurosystem's balance sheet by accounting classifications. This weekly statement is released as a press release in the web site ((http://www.ecb.int),  under the title Consolidated weekly financial statement of the European System of Central Banks (Eurosystem) and is also published in a slightly abbreviated form in Table 1.1. of the ECB's Monthly Bulletin. It includes:

  • Assets: Gold and gold receivables, claims on euro area residents in foreign currency, claims on non-euro area residents in euro/foreign currency, lending to euro area credit institutions in euro (by type of ECB operations), other claims on euro area credit institutions in euro, securities of euro area residents in euro, general government debt in euro and other assets.

  • Liabilities: banknotes in circulation, liabilities to euro area credit institutions in euro (by type of ECB operations), other liabilities to euro area credit institutions in euro, debt certificates issued, liabilities to other euro area residents in euro/non-euro area residents in euro/foreign currency, counterpart of SDRs allocated by the IMF, other liabilities, revaluation accounts and capital and reserves.

The weekly financial statement also provides the components of the monetary base (banknotes in circulation, deposit facility and current accounts of euro area credit institutions).

4.2.2 Temporal consistency

The weekly financial statement is presented in the Monthly Bulletin on a weekly basis for the previous five months (as from January 1999).
 
Footnotes
Last posted: Date IMF staff last posted an update to these metadata on the DSBB.
Last certified: Date subscriber last officially certified the accuracy of these metadata.
Last updated: Date subscriber last submitted an update of these metadata to the IMF.

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