The analytical accounts give an outline picture about monetary authorities foreign and domestic positions. The Figure for Base Money, which constitutes Bank of Estonia's currency board liabilities, includes all Bank of Estonia's monetary liabilities comprising notes and coins in circulation, accounts of banks and other residents denominated in Estonian kroons. Domestic and external sectors are defined according to the residency, whereas the concept of residency is consistent with the Fund's Balance of Payments Manual Fifth Edition. The central government specification is made under domestic credit.
Central government includes all budgetary institutions and governmental non-budgetary funds.
Bank of Estonia is prohibited from granting any credits to local budgets. Hence, practically no balance does exist against local governments. The analytical accounts of Bank of Estonia, which has no branches, are based on its accounting records. As for particular IMF related transactions, data include government accounts, where Bank of Estonia takes the role of government's fiscal agent and depository. Foreign treasury bills and other quoted securities are recorded at their market value.