5.1.1 Statistical presentation

Data are compiled and disseminated by the European Central Bank (ECB) and cover the monetary financial institutions (MFIs), i.e. the ECB, the national central banks and other MFIs resident in the euro area. The monetary statistics for the euro area are based on the data relating to the balance sheets of these institutions. Data on credit to non-financial public enterprises are included in "Credit to other euro area residents". Data are disclosed in the table annexed to the ECB's monthly statistical press release on “Monetary developments in the euro area” in billions of euro for the following components:

Seasonally and calendar effect adjusted data:

(1) M3 (item 1 of the Table 1 = items 1.3, 1.6, and 1.11)
and components of M3:

• Currency in circulation (item 1.1)
• Overnight deposits (item 1.2)
• M1 (item 1.3 = items 1.1 and 1.2)
• Deposits with agreed maturity up to 2 years (item 1.4)
• Deposits redeemable at notice up to 3 months (item 1.5)
• Other short-term deposits (item 1.6 = item 1.4 and 1.5)
• M2 (item 1.7 = items 1.3 and 1.6)
• Repurchase agreements (item 1.8)
• Money market fund shares/units (item 1.9)
• Debt securities issues with maturity up to 2 years (1.10)
• Marketable instruments (item 1.11= items 1.8+1.9+1.10)

COUNTERPARTS OF M3:

• MFI liabilities:
• (2) Holdings of central government (item 2)
• (3) Longer-term financial liabilities against other euro area residents (item 3 = items 3.1 to 3.4 )
• Deposits with agreed maturity over 2 years (item 3.1)
• Deposits redeemable at notice of over 3 months (item 3.2)
• Debt securities issued with maturity over 2 years (item 3.3)
• Capital and reserves (item 3.4)

MFI assets:

• (4) Credit to euro area residents (item 4 = items 4.1 and 4.2)
• Credit to general government (item 4.1)
• of which Loans
• of which Securities other than shares
• Credit to other euro area residents (item 4.2)
• of which Loans
• of which Securities other than shares
• of which Shares and other equities
• (5) Net external assets (item 5)
• (6) Other counterparts of M3 (residual) (item 6 = M3 + items 2 and 3 – items 4 and 5)

In addition to the appropriate liabilities of the MFIs, M3 also includes central government (Post Office, Treasury) liabilities with a monetary character held by the money-holding sector of the euro area.

Data unadjusted for seasonal and calendar effects are presented in Table 2 of the press release, following the same structure as in Table 1.

4.1.1 Periodicity

4.1.2 Timeliness

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.

5.1.4 Simultaneous release

0.1.1 Responsibility for collecting, processing, and disseminating statistics

European Central Bank

The collection of statistical information for the fulfilment 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.), as amended by Council Regulation (EC) No 951/2009 of 9 October 2009.

Analytical accounts of the banking sector

The collection of statistical information 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 No 1746/2003 (ECB/2003/10) of 18 September. 

The monetary statistics of the MFI sector are disseminated free of charge by the ECB.

0.1.3 Confidentiality of individual reporters' data

European Central Bank

The confidentiality regime of statistical information for the fulfilment 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".
For a complete overview of all legal documents in all European Union languages.
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@publications.europa.eu). The Official Journal is published in 20 official languages of the EU.

1.2.2 Internal governmental access to statistics prior to release

European Central Bank

No government officials within the euro area have access to the data before the release.

1.2.3 Attribution of statistical products

European Central Bank

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

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 are normally carried out quarterly.

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

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

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

The required methodological information for the purposes of the regular production of the consolidated balance sheet of the MFI sector is specified in:

• Regulation (EC) No. 2423/2001/01of the European Central Bank of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector (ECB/2001/13). 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; mailto:info@opoce.cec.be. The Official Journal is published in the 11 official languages of the EU. The Regulation is also published on the ECB's website (http://www.ecb.int) in the ECB Compendium June 1998-December 2001 under item Publications/Legal documents/Compendium.

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

• List of Monetary Financial Institutions and institutions subject to minimum reserves; ECB website (http://www.ecb.int), item “MFIs and Eligible assets”.
• 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) of 6 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.
• Seasonal adjustment of monetary aggregates and HICP for the euro area; ECB, August 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

4.2.1 Internal consistency

The Monthly Bulletin provides detailed data for the assets and liabilities of MFIs.

The following data are available on a monthly basis:

Table 2.1. "Aggregated balance sheet of the euro area MFIs" which contains a detailed breakdown of the aggregated balance sheet of the euro area MFIs (as from September 1997) excluding the Eurosystem, for which separate data are provided in the same table;

Table 2.2 "Consolidated balance sheet of the euro area MFIs" which shows a detailed breakdown of the consolidated balance sheet of the euro area MFIs, expressed both in outstanding amounts and flows (as from September 1997; flows as from February 1998);

Table 2.3 “Monetary statistics” contains series on monetary aggregates and counterparts including data on M1, M2, M3 and their components, long-term financial liabilities, MFI credit to general government, credit to other euro area residents (excluding government) and net external assets of MFIs, expressed both in outstanding amounts and flows (including growth rates), seasonally adjusted.

Further details and additional information are provided in:

• Table 2.4 "MFI loans, breakdown”;
• Table 2.5 "Deposits held with MFIs, breakdown ”;
• Table 2.6 "MFI holdings of securities, breakdown”,
• Table 2.7 "Revaluation of selected MFI balance sheet items”;
• Table 2.8 “Currency breakdown of selected MFI balance sheet items”;
• Table 2.9 “Aggregated balance sheet of euro area investment funds”; and
• Table 2.10 “Assets of euro rea investment funds broken down by investment policy and type of investor”.

4.2.2 Temporal consistency

The Monthly Bulletin provides time series data for the assets and liabilities of MFIs.

The following data are available on a monthly basis:

Table 2.2 "Consolidated balance sheet of the euro area MFIs" which shows outstanding amounts as from September 1997; and flows as from February 1998;