Money-issuing sector comprises MFIs resident in the euro area. The euro area comprises Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland. While money market funds are part of the MFI sector the Central Bank of Ireland has not traditionally collected money and banking data from such institutions and these institutions are not included in published data. A system of data collection is currently being designed. Monetary liabilities of the central government are included in the monetary data.
Accounting is on an accrual basis.
V. Compilation Practices Detailed procedures and manuals are maintained and provided to all reporting institutions. Data are submitted in electronic format within eight working days of the reporting date. Data are checked for arithmetic errors, internal consistency and for external consistency, i.e., where another data source exists data are checked against it, e.g., monthly against quarterly data, statistical against supervisory data etc. Data are generally presented on an aggregate basis. Since the ECB have data for the entire monetary union area, it is possible for them to present consolidated data for the euro area as a whole.