Balance sheet item (3) Categorisation of contents of balance sheet items Valuation principle Scope of application (4)

1 1 Gold and gold receivables Physical gold, i.e. bars, coins, plates, nuggets in storage or “under way”. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than one business day between release and receipt Market value Mandatory

2 2 Claims on non-euro area residents denominated in foreign currency Claims on counterparties resident outside the euro area including international and supranational institutions and central banks outside the euro area denominated in foreign currency

2.1 2.1 Receivables from the International Monetary Fund (IMF) (a) Drawing rights within the reserve tranche (net) National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item “Liabilities to non-euro area residents denominated in euro” (a) Drawing rights within the reserve tranche (net) Nominal value, translation at the foreign exchange market rate Mandatory

(b) SDRs Holdings of SDRs (gross) (b) SDRs Nominal value, translation at the foreign exchange market rate Mandatory

(c) Other claims General arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF (c) Other claims Nominal value, translation at the foreign exchange market rate Mandatory

2.2 2.2 Balances with banks and security investments, external loans and other external assets (a) Balances with banks outside the euro area other than those under asset item 11.3 “Other financial assets” Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions (a) Balances with banks outside the euro area Nominal value, translation at the foreign exchange market rate Mandatory

(b) Security investments outside the euro area other than those under asset item 11.3 “Other financial assets” Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents (i) Marketable securities other than held-to-maturity Market price and foreign exchange market rate Any premiums or discounts are amortised Mandatory

(ii) Marketable securities classified as held-to-maturity Cost subject to impairment and foreign exchange market rate Any premiums or discounts are amortised Mandatory

(iii) Non-marketable securities Cost subject to impairment and foreign exchange market rate Any premiums or discounts are amortised Mandatory

(iv) Marketable equity instruments Market price and foreign exchange market rate Mandatory

(c) External loans (deposits) outside the euro area other than those under asset item 11.3 “Other financial assets” (c) External loans Deposits at nominal value translated at the foreign exchange market rate Mandatory

(d) Other external assets Non-euro area banknotes and coins (d) Other external assets Nominal value, translation at the foreign exchange market rate Mandatory

3 3 Claims on euro area residents denominated in foreign currency (a) Security investments inside the euro area other than those under asset item 11.3 “Other financial assets” Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents (i) Marketable securities other than held-to-maturity Market price and foreign exchange market rate Any premiums or discounts are amortised Mandatory

(ii) Marketable securities classified as held-to-maturity Cost subject to impairment and foreign exchange market rate Any premiums or discounts are amortised Mandatory

(iii) Non-marketable securities Cost subject to impairment and foreign exchange market rate Any premiums or discounts are amortised Mandatory

(iv) Marketable equity instruments Market price and foreign exchange market rate Mandatory

(b) Other claims on euro area residents other than those under asset item 11.3 “Other financial assets” Loans, deposits, reverse repo transactions, sundry lending (b) Other claims Deposits and other lending at nominal value, translated at the foreign exchange market rate Mandatory

4 4 Claims on non-euro area residents denominated in euro

4.1 4.1 Balances with banks, security investments and loans (a) Balances with banks outside the euro area other than those under asset item 11.3 “Other financial assets” Current accounts, fixed-term deposits, day-to-day money. Reverse repo transactions in connection with the management of securities denominated in euro (a) Balances with banks outside the euro area Nominal value Mandatory

(b) Security investments outside the euro area other than those under asset item 11.3 “Other financial assets” Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents (i) Marketable securities other than held-to-maturity Market price Any premiums or discounts are amortised Mandatory

(ii) Marketable securities classified as held-to-maturity Cost subject to impairment Any premiums or discounts are amortised Mandatory

(iii) Non-marketable securities Cost subject to impairment Any premiums or discounts are amortised Mandatory

(iv) Marketable equity instruments Market price Mandatory

(c) Loans outside the euro area other than those under asset item 11.3 “Other financial assets” (c) Loans outside the euro area Deposits at nominal value Mandatory

(d) Securities other than those under asset item 11.3 “Other financial assets”, issued by entities outside the euro area Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location (i) Marketable securities other than held-to-maturity Market price Any premiums or discounts are amortised Mandatory

(ii) Marketable securities classified as held-to-maturity Cost subject to impairment Any premiums or discounts are amortised Mandatory

(iii) Non-marketable securities Cost subject to impairment Any premiums or discounts are amortised Mandatory

4.2 4.2 Claims arising from the credit facility under ERM II Lending according to the ERM II conditions Nominal value Mandatory

5 5 Lending to euro area credit institutions related to monetary policy operations denominated in euro Items 5.1 to 5.5: transactions according to the respective monetary policy instruments described in Annex I to Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem (5)

5.1 5.1 Main refinancing operations Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of one week Nominal value or repo cost Mandatory

5.2 5.2 Longer-term refinancing operations Regular liquidity-providing reverse transactions with a monthly frequency and normally a maturity of three months Nominal value or repo cost Mandatory

5.3 5.3 Fine-tuning reverse operations Reverse transactions, executed as ad hoc transactions for fine-tuning purposes Nominal value or repo cost Mandatory

5.4 5.4 Structural reverse operations Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector Nominal value or repo cost Mandatory

5.5 5.5 Marginal lending facility Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility) Nominal value or repo cost Mandatory

5.6 5.6 Credits related to margin calls Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions Nominal value or cost Mandatory

6 6 Other claims on euro area credit institutions denominated in euro Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 ‘Securities of euro area residents denominated in euro’, including transactions resulting from the transformation of former foreign currency reserves of the euro area and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem including Emergency Liquidity Assistance. Any claims stemming from monetary policy operations initiated by an NCB prior to joining the Eurosystem Nominal value or cost Mandatory

7 7 Securities of euro area residents denominated in euro

7.1 7.1 Securities held for monetary policy purposes Securities issued in the euro area held for monetary policy purposes. ECB debt certificates purchased for fine-tuning purposes (a) Marketable securities other than held-to-maturity Market price Any premiums or discounts are amortised Mandatory

(b) Marketable securities classified as held-to-maturity Cost subject to impairment (cost when the impairment is covered by a provision under liability item 13 (b) “Provisions”) Any premiums or discounts are amortised Mandatory

(c) Non-marketable securities Cost subject to impairment Any premiums or discounts are amortised Mandatory

7.2 7.2 Other securities Securities other than those under asset item 7.1 “Securities held for monetary policy purposes” and under asset item 11.3 “Other financial assets”; notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before EMU, denominated in euro. Equity instruments (a) Marketable securities other than held-to-maturity Market price Any premiums or discounts are amortised Mandatory

(b) Marketable securities classified as held-to-maturity Cost subject to impairment Any premiums or discounts are amortised Mandatory

(c) Non-marketable securities Cost subject to impairment Any premiums or discounts are amortised Mandatory

(d) Marketable equity instruments Market price Mandatory

8 8 General government debt denominated in euro Claims on government stemming from before EMU (non-marketable securities, loans) Deposits/loans at nominal value, non-marketable securities at cost Mandatory

— 9 Intra-Eurosystem claims+)

— 9.1 Participating interest in ECB+) Only an NCB balance sheet item The ECB capital share of each NCB in accordance with the Treaty and the respective capital key and contributions in accordance with Article 48.2 of the Statute of the ESCB Cost Mandatory

— 9.2 Claims equivalent to the transfer of foreign reserves+) Only an NCB balance sheet item Euro-denominated claims on the ECB in respect of initial and additional transfers of foreign reserves under Article 30 of the Statute of the ESCB Nominal value Mandatory

— 9.3 Claims related to the issuance of ECB debt certificates+) Only an ECB balance sheet item Intra-Eurosystem claims vis-à-vis NCBs, arising from the issuance of ECB debt certificates Cost Mandatory

— 9.4 Net claims related to the allocation of euro banknotes within the Eurosystem+) (2) For the NCBs: net claim related to the application of the banknote allocation key i.e. including the ECB’s banknote issue related intra-Eurosystem balances, the compensatory amount and its balancing accounting entry as defined by Decision ECB/2010/23 of 25 November 2010 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (6) For the ECB: claims related to the ECB’s banknote issue, in accordance with Decision ECB/2010/29 Nominal value Mandatory

— 9.5 Other claims within the Eurosystem (net)+) Net position of the following sub-items:

(a) net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities — see also liability item 10.4 “Other liabilities within the Eurosystem (net)” (a) Nominal value Mandatory

(b) claim due to the difference between monetary income to be pooled and redistributed. Only relevant for the period between booking of monetary income as part of the year-end procedures, and its settlement on the last working day in January each year (b) Nominal value Mandatory

(c) other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income (2) (c) Nominal value Mandatory

9 10 Items in the course of settlement Settlement account balances (claims), including the float of cheques in collection Nominal value Mandatory

9 11 Other assets

9 11.1 Coins of euro area euro coins if an NCB is not the legal issuer Nominal value Mandatory

9 11.2 Tangible and intangible fixed assets Land and buildings, furniture and equipment including computer equipment, software Cost less depreciation Depreciation rates: — computers and related hardware/software and motor vehicles: 4 years — equipment, furniture and plant in building: 10 years — building and capitalised major refurbishment expenditure: 25 years Capitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation) Recommended

9 11.3 Other financial assets — Participating interests and investments in subsidiaries; equities held for strategic/policy reasons — Securities, including equities, and other financial instruments and balances (e.g. fixed-term deposits and current accounts), held as an earmarked portfolio — Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item (a) Marketable equity instruments Market price Recommended

(b) Participating interests and illiquid equity shares, and any other equity instruments held as permanent investments Cost subject to impairment Recommended

(c) Investment in subsidiaries or significant interests Net asset value Recommended

(d) Marketable securities other than held-to-maturity Market price Any premiums or discounts are amortised Recommended

(e) Marketable securities classified as held-to-maturity or held as a permanent investment Cost subject to impairment Any premiums or discounts are amortised Recommended

(f) Non-marketable securities Cost subject to impairment Any premiums or discounts are amortised Recommended

(g) Balances with banks and loans Nominal value, translated at the foreign exchange market rate if the balances or deposits are denominated in foreign currencies Recommended

9 11.4 Off-balance-sheet instruments revaluation differences Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date Net position between forward and spot, at the foreign exchange market rate Mandatory

9 11.5 Accruals and prepaid expenditure Income not due in, but assignable to the reported period. Prepaid expenditure and accrued interest paid (i.e. accrued interest purchased with a security) Nominal value, foreign exchange translated at market rate Mandatory

9 11.6 Sundry Advances, loans and other minor items. Revaluation suspense accounts (only balance sheet item during the year: unrealised losses at revaluation dates during the year, which are not covered by the respective revaluation accounts under the liability item “Revaluation accounts”). Loans on a trust basis. Investments related to customer gold deposits. Coins denominated in national euro area currency units. Current expense (net accumulated loss), loss of the previous year before coverage. Net pension assets Nominal value or cost Recommended

Revaluation suspense accounts Revaluation difference between average cost and market value, foreign exchange translated at market rate Mandatory

Investments related to customer gold deposits Market value Mandatory

Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations Outstanding claims (from defaults) Nominal/recoverable value (before/after settlement of losses) Mandatory

Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default Assets or claims (from defaults) Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies) Mandatory