EN Official Journal of the European Union L 341/1

GUIDELINE OF THE EUROPEAN CENTRAL BANK

of 1 August 2007

on monetary, financial institutions and markets statistics (recast)

(ECB/2007/9)

(2007/830/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Articles 5.1, 12.1 and 14.3 thereof,

Having regard to Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector (1),

Having regard to Regulation ECB/2003/9 of 12 September 2003 on the application of minimum reserves (2),

Having regard to Regulation ECB/2001/18 of 20 December 2001 concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (3),

Having regard to Regulation ECB/2007/8 concerning statistics on the assets and liabilities of investment funds (4),

Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (5),

Having regard to Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (6),

Having regard to Guideline ECB/2002/10 of 5 December 2002 on the legal framework for accounting and financial reporting in the European System of Central Banks (7),

Having regard to Annex A to Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community (ESA 95) (8),

Whereas:

(1) Guideline ECB/2003/2 of 6 February 2003 concerning certain statistical reporting requirements of the European Central Bank and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics has been significantly amended on several occasions. Now that new amendments are being made to the said Guideline it should be recast in the interests of clarity and transparency.

(2) For compiling country-by-country and euro area aggregated balance sheets of the monetary financial institution (MFI) sector, the euro area consolidated balance sheet of the MFI sector and the relevant euro area monetary aggregates, the European Central Bank (ECB) requires an ECB balance sheet, balance sheets from national central banks (NCBs) and from MFIs other than NCBs (hereinafter ‘other MFIs’) of Member States that have adopted the euro (hereinafter ‘participating Member States’).

(3) Regulation ECB/2007/8 concerning statistics on the assets and liabilities of investment funds (4) (IFs) establishes that the stocks of IFs’ securities with publicly available identification codes must be reported on a security-by-security (s-b-s) basis under the combined approach. The NCBs need to classify and aggregate these data.

(4) A functioning centralised securities database (CSDB) or compatible national securities database is considered essential for the classification of statistics on IFs’ assets and liabilities.

(5) Country-specific and comparative data on payment statistics and instruments used in Member States that have adopted the euro are essential for identifying and monitoring developments, including the extent of integration of their payment systems,

HAS ADOPTED THIS GUIDELINE:

Article 1

Scope

This Guideline establishes the NCBs’ obligations to report monetary, financial institutions and markets statistics to the ECB.

NCBs shall report the items referred to in Articles 3 to 18 in accordance with the schemes set out in Annex III and in accordance with the electronic reporting standards laid down in Annex IV to this Guideline. By September of each year, the ECB shall communicate the exact transmission dates to NCBs in the form of a reporting calendar for the following year.

Only the reporting set out in Articles 3, 6, 7, 10, 11 and 13 to 17 is subject to back data reporting requirements.

(a) Without prejudice to point (b), the following rules shall apply in cases of accession to the European Union and/or adoption of the euro: (i) NCBs of Member States that joined the EU in May 2004 shall report back data to the ECB covering at least the period from 2004; (ii) NCBs of Member States that joined the EU before May 2004, but have not adopted the euro at the date of entry into force of this Guideline, shall report back data to the ECB covering at least the period from 1999 and the period from 2003 for MFI interest rate statistics (hereinafter ‘MIR statistics’); (iii) NCBs of Member States that joined the EU after May 2004 shall report back data to the ECB covering at least the previous three years; (iv) In respect of positions vis-à-vis Member States that adopt the euro following the entry into force of this Guideline, NCBs of participating Member States shall report back data to the ECB covering at least the period: (1) from 1999, if the Member State joined the EU before May 2004; or (2) from 2004, if the Member State joined the EU in May 2004; or (3) covering the previous three years, if the Member State joined the EU after May 2004. This principle shall apply only to statistics for which data broken down by counterpart country are also collected.

(b) The following rules shall apply: (i) for other financial intermediaries (OFIs), historical quarterly data shall be transmitted to the ECB starting with those for the first available reference period, at least starting with the data for the fourth quarter of 1998 as the reference period; (ii) for securities, the time series transmitted to the ECB shall commence in December 1989 for outstanding amounts and January 1990 for flows; (iii) for payments statistics, five years of data shall be reported including the latest reference year, on a best effort basis.

Article 2

Definitions

For the purposes of this Guideline:

1. ‘resident’ has the same meaning as defined in Article 1 of Council Regulation (EC) No 2533/98;

2. ‘Eurosystem’ means NCBs of participating Member States and the ECB;

3. ‘credit institution’ has the same meaning as in Section I.2 of Part 1 of Annex I to Regulation ECB/2001/13.

Article 3

Balance sheet item statistics on monetary financial institutions

(a) General

NCBs shall compile and report two separate aggregated balance sheets, both on a gross basis, in accordance with Regulation ECB/2001/13: one aggregated balance sheet referring to the MFI subsector ‘central bank’ and one aggregated balance sheet referring to the subsector ‘other MFIs’.

NCBs shall derive the required statistical information concerning their own central bank balance sheet from their accounting system by means of the bridging tables set out in Annex I to this Guideline. The ECB, for statistical reporting purposes, shall derive data from its own balance sheet, corresponding to the data derived by the NCBs from their own balance sheets.

NCBs shall derive the required statistical information concerning the other MFIs' bank balance sheet by means of aggregating the balance sheet items (BSI) data collected from resident individual MFIs excluding the resident NCB.

These requirements shall cover end-month and end-quarter outstanding amounts (9) (stocks) and monthly and quarterly flow adjustments data.

NCBs shall report statistical information on balance sheet items in accordance with Part 1 of Annex III to this Guideline.

(b) Flow adjustments

NCBs shall report to the ECB data for monthly and quarterly reclassification adjustment series and revaluation adjustment series, in accordance with Annex V to this Guideline.

The ECB shall calculate flows (10) by taking the difference between end-month stocks and then removing those effects that do not arise from transactions. It shall remove non-transaction developments by means of flow adjustments. Three types of flow adjustments are:

— revaluations adjustments: these shall reflect the impact of write-offs or write-downs of loans and of fluctuations in the market price of the outstanding stock of marketable securities held, sold or issued,

— reclassifications and other adjustments: these shall comprise all changes in the balance sheet stocks that arise due to: (i) an alteration in statistical coverage of the MFI population (11), (ii) the reclassification of assets or liabilities, or (iii) reporting errors that have been corrected in the stocks only over a limited time range and effects of changes in structure (12),

— exchange rate adjustments: these shall comprise any change in the stock position due to the impact of exchange rate movements on assets and liabilities denominated in foreign currency. The ECB shall calculate exchange rate adjustments using currency proportions derived from the breakdown of assets and liabilities into major currencies that are available in Table 4 in Part 2 of Annex I to Regulation ECB/2001/13.

NCBs and the ECB’s Directorate Internal Finance shall report to the ECB the monthly BSI stock and adjustments data by close of business on the 15th working day following the end of the month to which the data relate.

NCBs and the ECB’s Directorate Internal Finance shall report to the ECB the quarterly BSI stock and adjustments data by close of business on the 28th working day following the end of the quarter to which they relate.

NCBs may need to revise the data referring to the last period prior to the current reference period. In addition, revisions referring to data prior to the last period prior to the reference month may also occur, arising from, for example, mistakes, reclassifications, improved reporting procedures, etc. The ECB may process exceptional and ordinary revisions simultaneously or decide to postpone the processing of exceptional revisions until after the monthly production period for monetary aggregates.

The revision policy shall comply with the principles in the ECB’s Money and Banking Statistics Compilation Guide (13). To ensure a good balance between the quality of monetary statistics and their stability, and to enhance the consistency between the monthly and the quarterly statistics, exceptional revisions to the monthly data shall be submitted at the time of submitting the quarterly statistics.

Where NCBs grant derogations to small MFIs in accordance with Article 2(2) of Regulation ECB/2001/13, NCBs shall gross up to 100 % coverage for these MFIs in the compilation of the monthly and quarterly MFI balance sheet data reported to the ECB.

NCBs may choose the procedure for grossing up to 100 % coverage, provided it fulfils the following minimum standards:

(a) for missing breakdowns data, estimates shall be derived by applying ratios based on the entire reporting population or on a subset considered to be more representative of the ‘tail’; and

(b) where the breakdowns data are available, but with a longer delay or at a lower frequency, reported data shall be carried forward into the missing periods by: (i) repeating the data when the results have proven to be adequate; or (ii) applying appropriate statistical estimation techniques to take into account trends in the data or seasonal patterns.

In compiling the central bank balance sheet, the NCBs and the ECB shall follow the harmonised accounting rules in Guideline ECB/2002/10, except:

(a) where NCBs and the ECB are required for accounting purposes to revalue their securities portfolio on a monthly rather than quarterly basis;

(b) for accounting items 9.5 ‘other claims within the Eurosystem (net)’ and 10.4 ‘other liabilities within the Eurosystem (net)’, which shall be reported on a gross basis;

(c) for accounting item 14 ‘revaluation accounts’, which shall be reported on a gross basis for accounting purposes and on a net basis for statistical purposes;

(d) for unrealised losses, which shall be reported under item 11 ‘other assets’.

The valuation and/or accounting rules in Regulation ECB/2001/13 shall apply to ‘other MFIs’.

NCBs shall submit explanatory notes explaining the reasons for significant revisions and for exceptional revisions.

In addition, the NCBs shall provide the ECB with explanatory notes concerning adjustments in ‘reclassifications and other adjustments’ in accordance with the procedures set out in Part 2 of Annex V to this Guideline.

Article 4

Monitoring consistency

NCBs and the ECB shall monitor the consistency between their respective end-month aggregated balance sheet for statistical purposes as reported under Regulation ECB/2001/13 and their accounting items as reported for the Eurosystem’s weekly financial statement under Guideline ECB/2002/10. They shall follow the procedure set out in Annex II to this Guideline.

NCBs and the ECB shall perform these consistency checks monthly. They shall report their outcome to the ECB before or together with the BSI data, by the 15th working day after the end of the reference period in accordance with the yearly calendar laid down by the ECB and communicated to the NCBs by the end of September each year. In reporting periods where the dates of their Eurosystem end-month aggregated balance sheet for statistical purposes and its accounting items as reported for the Eurosystem’s weekly financial statement do not coincide, NCBs may compare the statistical data with the daily balance sheet produced for the last working day of the month. As the compiler of its own balance sheet, the ECB shall follow the same procedure.

NCBs and the ECB shall send the Monetary, Financial Institutions and Markets Statistics Division explanatory notes for any discrepancies identified: full explanatory notes and simplified explanatory notes. A full explanatory note shall be compiled only once a year by a date set by the ECB with the information set out in Part 3 of Annex II to this Guideline. For the other months, they shall only complete simplified explanatory notes according to the template set out in Part 2 of Annex II to this Guideline. All NCBs and the ECB shall send full explanatory notes at the same time.

Article 5

Statistics on e-money

The ECB, in cooperation with the NCBs, shall identify and record on a yearly basis the features of e-money schemes in the EU, the availability of the statistical information concerned and the compilation methods related to it. NCBs shall report statistical information on e-money issued by MFIs subject to their availability, in accordance with the list of items laid down in Part 2 of Annex III to this Guideline.

Monthly data shall be submitted to the ECB at least twice a year, by the last working day of March and September. According to the NCBs’ data availability, more frequent data transmissions may take place by the last working day of the month following the end of the reference period. The reference period shall be the last month of the quarter or of the six months to which the item refers. Where e-money balances are unavailable by the deadline, NCBs may report the last available data by the last working day of the month.

Article 6

Central government balance sheet statistics

(a) General

The NCBs shall report statistical information on central government deposit liabilities, i.e close substitutes for deposit liabilities, and holdings of cash and securities in accordance with Part 3 of Annex III to this Guideline.

No reporting shall be required on de minimis grounds where the phenomenon does not exist or is insignificant. The item ‘euro banknotes and coins held by the central government’ shall be reported as a high priority memorandum item. Estimates obtained by using available data, such as monetary union financial accounts (MUFA) annual and/or quarterly data, may be submitted.

(b) Flow adjustments

Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.

The series shall be reported on a monthly basis and with the same timeliness as that specified in Article 3(2) for the monthly BSI statistics.

Article 7

Memorandum items

(a) General

To the extent that data are available, including on a best estimate basis, or that the business concerned is significant from a monetary point of view, the NCBs shall report further statistical information in accordance with the list of memorandum items set out in Part 4 of Annex III to this Guideline as a supplement to and with the same frequency as the BSI statistics specified in Article 3(2). The ECB, in cooperation with the NCBs, shall identify and record the availability of the statistical information concerned and the compilation methods related to it. High priority memorandum items, shown as bold cells, represent information needed for the compilation of euro area monetary aggregates and MUFA.

Subject to agreement between the ECB and the NCB, cells in bold with an arrow (↑) may not be reported by the NCBs where alternative data sources are used by the ECB.

With reference to cells corresponding to Member States that have not adopted the euro in Tables 3 and 4 in Part 2 of Annex I to Regulation ECB/2001/13, if figures collected at higher level show that they are insignificant, NCBs may decide not to require their full reporting. In such a case, NCBs shall assess at regular intervals, and at least once a year, whether or not data in respect of the cells corresponding to Member States that have not adopted the euro are significant, and inform the ECB and the MFIs of any change in the reporting requirements in respect of the said cells. Where data in respect of cells corresponding to Member States that have not adopted the euro are insignificant and NCBs do not to require their full reporting, they shall estimate the data using existing information, in accordance with the methods set out below, and report them as memorandum items with a quarterly frequency.

(b) Flow adjustments

Flow data may be provided subject to bilateral agreement between the ECB and the NCB. Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.

The series shall be reported at monthly frequency for the items of Sections 1 and 2 of Part 4 of Annex III to this Guideline or at quarterly frequency for the items of Section 3 of Part 4 of Annex III to this Guideline and with the same timeliness as the mandatory monthly and quarterly MFI balance sheet statistics in accordance with Regulation ECB/2001/13.

Data referring to cells corresponding to Member States that have not adopted the euro of Tables 3 and 4 of Part 2 of Annex I to Regulation ECB/2001/13, when estimated by the NCBs and reported as memorandum items, may be reported to the ECB with a delay of a further one month from the close of business on the 28th working day following the end of the quarter to which they relate.

Memorandum items required under this Article shall be reported following the same valuation and accounting rules as for the data reported in accordance with Regulation ECB/2001/13.

With reference to Tables 3 and 4 of Part 2 of Annex I to Regulation ECB/2001/13, where data in respect of cells corresponding to Member States that have not adopted the euro are not required by the NCBs, they shall be estimated in accordance with the standards below.

Where NCBs estimate the data using existing information, they shall report these data to the ECB as memorandum items. The following methods of estimation shall be used unless agreed otherwise with the ECB:

— the quarterly figures shall be estimated on the basis of data reported by MFIs at lower frequency. The data shall be carried forward into the missing period(s), by repeating them or applying appropriate statistical techniques to reflect any trend in the data or seasonal pattern,

— the quarterly figures shall be estimated on the basis of data reported by MFIs on a more aggregated basis, or on the basis of specific breakdowns that the NCBs consider meaningful,

— the quarterly figures shall be estimated on the basis of quarterly data collected from large MFIs responsible for at least 80 % of the business with the countries that acceded to the EU on 1 May 2004,

— the quarterly figures shall be estimated on the basis of alternative data sources such as Bank for International Settlements or balance of payments data, after any necessary adjustment required due to differing concepts and definitions used in such alternative sources compared with those used in monetary and financial statistics, or

— the quarterly figures shall be estimated on the basis of data for the countries that acceded to the EU on 1 May 2004 reported quarterly by MFIs as a single total.

Article 8

Reserve base statistics

Monthly statistics on the aggregated reserve base, broken down according to type of liability, shall be calculated as end-month stocks in accordance with Regulation ECB/2003/9 and with the categories set out in Regulation ECB/2001/13. Data to produce these statistics in accordance with Part 5 of Annex III to this Guideline shall be drawn from the data that credit institutions subject to minimum reserve requirements submit to NCBs.

The reserve base statistics shall comprise six time series for credit institutions, referring to month-end stock figures to be transmitted to the ECB monthly, at the latest by the NCB working day preceding the start of the reserve maintenance period, via the ESCB data exchange system. Credit institutions in the tail shall report to the NCBs a limited breakdown on a quarterly basis. For these tail credit institutions, simplified reserve base statistics shall be used for the three reserve maintenance periods. NCBs shall use the quarterly reserve base data from the credit institutions in the tail for the monthly figures reported to the ECB in the three data transmissions following their release.

Revisions by the reporting institutions to the reserve base and/or reserve requirements that occur after the maintenance period has started may not lead to revisions to the statistics on the reserve base and on the reserve requirements.

Article 9

Macro ratio statistics

The ECB shall monitor on a monthly basis, using end-month statistical information that credit institutions submit to NCBs in accordance with Regulation ECB/2001/13, the accuracy of the current standardised deductions from the reserve base that credit institutions may apply to the outstanding amount of their debt securities issued with an agreed maturity of up to two years. NCBs shall compile the required aggregates in accordance with Part 6 of Annex III to this Guideline and report them to the ECB.

The three time series for the credit institutions, referring to month-end stocks figures, shall be transmitted to the ECB monthly, at the latest by the NCB working day preceding the start of the maintenance period.

These series shall be transmitted even if the related balance sheet items do not apply in the Member State.

Article 10

Credit institutions balance sheet statistics

(a) General

NCBs shall report to the ECB separate balance sheet item data for the credit institutions sector according to Tables 1, 2 and 4 of Part 2 of Annex I of Regulation ECB/2001/13 and to Part 7 of Annex III to this Guideline. Since data on the entire MFIs sector are already reported according to Regulation ECB/2001/13, the requirements set out in this Article shall apply only for those Member States where the reporting population of other MFIs consists of both credit institutions and money market funds (MMFs) and the impact of the MMFs is deemed to be statistically important because the following criteria are simultaneously met:

(i) the difference between the balance sheet total of the MFI sector and the balance sheet total of its subset of credit institutions is more than EUR 5 000 million on a sustained basis; and

(ii) MFIs other than credit institutions, i.e. MMFs, have an impact on more than one item on either side of the MFI sector balance sheet.

Although in some Member States a small number of other institutions are classified as MFIs, these institutions shall be considered insignificant from a quantitative perspective.

(b) Flow adjustments

Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.

Data shall be reported quarterly within 28 working days from the end of the reference period.

Data requested under Table 3 of Part 7 in Annex III to this Guideline shall be reported from March 2005 as the reference month.

The data reported in respect of the credit institutions’ balance sheet shall cover 100 % of the institutions classified in this sector. Where the actual reporting coverage is less than 100 % due to the application of the cutting-off-the-tail principle, NCBs shall gross up the data supplied to ensure 100 % coverage.

Article 11

Structural financial indicators

(a) General

NCBs shall report balance sheet data on other structural financial indicators in accordance with Part 8 of Annex III to this Guideline.

NCBs shall provide data in respect of the 18 indicators specified in Part 8 of Annex III to this Guideline in accordance with the conceptual and methodological rules set out therein. The statistical principles adopted for the compilation of BSI statistics shall be followed, namely:

(i) data shall be aggregated, not consolidated; and

(ii) the residency principle shall follow the ‘host country approach’; and

(iii) balance sheet data shall be reported on a gross basis.

(b) Flow adjustments

Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.

Data to calculate structural financial indicators on credit institutions shall be reported by the end of March of each year with reference to the previous year. The indicator ‘Number of employees of CIs’ shall be provided, if possible, by the end of May each year with reference to the previous year.

NCBs shall apply the following general principles when revising the reported data:

(a) during all regular annual data transmissions, in addition to the latest year, ordinary revisions to the previous year’s data and exceptional revisions shall be sent as necessary; and

(b) exceptional revisions which significantly improve the quality of the data may be sent during the year.

Collected data shall cover 100 % of the institutions defined as credit institutions in accordance with Section I.2 of Part 1 of Annex I to Regulation ECB/2001/13. Where the actual reporting coverage is less than 100 % due to application of the cutting-off-the-tail principle, NCBs shall gross up the data supplied in accordance with Article 3(4) of this Guideline to ensure 100 % coverage.

The NCBs shall report to the ECB any deviation from the definitions and the rules above to allow monitoring of national practice. NCBs shall submit explanatory notes explaining the reasons for significant revisions.

Article 12

Data for International Monetary Fund purposes

Without prejudice to NCBs’ statutory obligations vis-à-vis the International Monetary Fund (IMF), NCBs may transmit supplementary MFI balance sheet items statistics to the IMF via the ECB in accordance with the following technical arrangements.

MFI balance sheet items according to Part 9 of Annex III to this Guideline shall be transmitted by the NCBs to the ECB within the framework of the monthly regular transmission of BSI data. The data transmissions shall coincide with the regular BSI data reporting to the ECB, which takes place on the 15th working day following the end of the month to which the data refer, in accordance with Article 3(2) of this Guideline. The frequency and timeliness for high priority memorandum items laid down in Article 7(2) of this Guideline shall also apply to the series defined here.

Article 13

Statistics on securitisation and other transfers of MFI loans originally granted to non-MFIs

According to their availability, including on a best estimate basis, NCBs shall report statistical information on sales and transfers of MFI loans to third parties in accordance with Part 10 of Annex III to this Guideline.

The data transmission to the ECB shall include: (i) gross flows, (ii) net flows of loans originally granted by MFIs and sold to third parties, where data on gross flows are not available, and (iii) stock data, where available, shall be reported in both cases. For any of these three types of data, loans sold to a financial vehicle corporation (FVC), that is where they are securitised through an FVC, and loans transferred to other agents, whether or not involving securitisation, shall be reported separately. Since the loan is understood to be sold to the non-MFI sector, the related reporting shall be required only in so far as it no longer appears on the balance sheet of the MFI that had originally granted the loan to the other resident sectors or on any other MFIs’ balance sheet.

Data shall be transmitted on the 15th working day following the end of the month to which the data refer.

Article 14

Other financial intermediaries’ statistics

(a) General

NCBs shall report statistical information on OFIs in accordance with Part 11 of Annex III to this Guideline. Data shall be transmitted separately for the following sub categories of OFIs: (i) investment funds (except MMFs); and (ii) securities and derivatives dealers (SDDs); and (iii) financial corporations engaged in lending (FCLs); and (iv) other OFIs.

Data relating to OFIs shall be transmitted on the basis of data currently available at national level. Where actual data are unavailable or cannot be processed, national estimates shall be provided. Where the underlying economic phenomenon exists but is not monitored statistically and therefore national estimates cannot be provided, NCBs may choose either not to report the time series or to report it as missing. Any unreported time series shall therefore be interpreted as ‘data that exist but are not collected’ and the ECB may make assumptions and estimates for the purpose of compiling euro area aggregates. The reporting population shall comprise all types of OFIs resident in the participating Member States: institutions located in the territory, including subsidiaries of parent companies located outside that territory, and resident branches of institutions that have their head office outside that territory.

The following key indicators and supplementary information shall be provided:

— key indicators to be transmitted for the compilation of euro area aggregates: all participating Member States shall transmit these detailed data when actual data are available. When no actual data are available for the required breakdowns or for the agreed frequency, timeliness or time range, estimates shall be provided if feasible,

— supplementary information to be transmitted as ‘memo items’: these data shall be transmitted by countries for which further detail is currently available.

(b) Flow adjustments

Flow adjustment data may be reported in the case of significant breaks in stocks or when reclassifications and other adjustments occur. In particular, flow adjustment data may be provided due to reclassifications in the context of the implementation of the ESA 95 framework.

If transactions are estimated based on difference of two subsequent periods’ stocks, time series shall either be unreported or reported as missing.

Flow adjustment data shall be reported in accordance with Article 3(1)(b) of this Guideline.

The reporting frequency to the ECB shall be quarterly. OFI statistics shall be transmitted to the ECB at the latest on the last calendar day of the third month following the end of the reference period, or on the preceding NCB working day if the last calendar day of the month is not an NCB working day. The exact transmission dates shall be communicated to NCBs in advance in the form of a reporting calendar provided by the ECB by September each year.

NCBs may need to revise data transmitted during the previous quarter. In addition, revisions to data on earlier quarters may also occur.

The following general principles shall apply:

(a) on the occasion of all regular quarterly data transmissions, in addition to the data on the latest quarter, only ‘ordinary’ revisions, i.e. revisions to the data transmitted the previous quarter, may be sent; and

(b) exceptional revisions shall be limited and reported on a different date from the regular reporting. Minor routine historical revisions to the data shall only be sent on a yearly basis, together with the transmission of data for the fourth quarter; and

(c) exceptional revisions that significantly improve the quality of the data may be sent during the year outside the regular production cycles.

Accounting rules followed by OFIs in drawing up their accounts shall comply with the national transposition of Directive 86/635/EEC and any other international standards applicable. Without prejudice to the prevailing accounting practices in Member States, all assets and all liabilities are to be reported on a gross basis for statistical purposes. The valuation methods are indicated under the relevant categories.

NCBs shall provide explanatory notes to the ECB in accordance with Section 3 of Part 11 of Annex III to this Guideline. NCBs shall provide explanatory notes for significant revisions.

NCBs shall cease reporting of statistical information referring to IF statistics in the context of OFI statistics as soon as the Governing Council, taking into account the views of the Statistics Committee, decides that the available statistics on IF assets and liabilities reported under Article 18 of this Guideline are of publishable quality at euro area level, and at the latest by the fourth quarter 2009. NCBs may derive the IF statistics in accordance with Part 11 of Annex III to this Guideline from the appropriate statistical information collected for the purpose of statistics on IF assets and liabilities in accordance with Part 14 of Annex III to this Guideline.

Article 15

Securities issues statistics

NCBs shall report statistical information covering all securities issues by euro area residents in any currency, both domestic and international, in accordance with Part 12 of Annex III to this Guideline.

Reporting to the ECB shall be monthly. Securities issues statistics shall be transmitted to the ECB no later than five weeks after the end of the months to which the data relate. The ECB shall communicate the exact transmission dates to the NCBs in advance in the form of a reporting calendar.

NCB shall provide explanatory notes to the ECB as provided for in Section 3 of Part 12 of Annex III to this Guideline.

Article 16

MFI interest rate statistics

For the purposes of MIR statistics, NCBs shall report aggregated national monthly statistical information relating to outstanding amounts and new business as specified in Appendices 1 and 2 of Annex II to Regulation ECB/2001/18.

This statistical information shall be reported in accordance with the yearly calendar laid down by the ECB and communicated to the NCBs by the end of September each year.

NCBs may need to revise the previous reference month's values. Revisions arising from, for example, mistakes, reclassifications, improved reporting procedures etc. applied to data prior to the previous reference month may also occur.

They shall apply the following general principles:

(a) where NCBs revise the data for the period prior to the previous reference month they shall submit explanatory notes to the ECB; and

(b) NCBs shall also provide explanatory notes for significant revisions; and

(c) in transmitting revised data, NCBs shall take into account the established timeliness of regular reporting of MIR statistics. Exceptional revisions shall be reported outside the monthly production periods.

Where the actual MIR reporting coverage is less than 100 % due to application of sampling, NCBs shall gross up the new business volumes data supplied to ensure 100 % coverage.

Article 17

Payments statistics

NCBs shall report statistical information on payments in accordance with Part 13 of Annex III to this Guideline. This shall comprise: (i) data on payment transactions and structure, as contained in Tables 4 to 9; and (ii) related information on MFI’s and credit institutions’ balance sheet items and structural information on credit institutions, as contained in Tables 1 to 3.

Stocks data shall be reported for all items in Tables 1 to 4 and 7. All stocks shall refer to end-period figures, except for the items in Table 2 with the reference ‘average for the last reserve maintenance period’. Gross flows shall be reported for items in Tables 5, 6, 8 and 9, which consist of data on payment transactions.

NCBs shall report historical information for all items.

The series shall be reported annually to the ECB, regardless of the data frequency. The data frequency shall be annual for all items in Tables 4 to 9. The MFI balance sheet information in Table 1 shall be monthly. The credit institutions’ balance sheet information contained in Tables 2 and 3 shall be quarterly except for items referred to positions with the NCB and electronic money institution items, which shall be annual. Structural information on credit institutions contained in Table 3 shall be annual. For Tables 1 to 3, if the availability of data is severely restricted, NCBs may transmit a minimum set of data to ensure a timely and valid publication.

The minimum set of data shall include:

— monthly series: one observation relating to end-December positions,

— quarterly series: one observation relating to the fourth quarter of the year,

— annual series: one observation relating to end-December positions.

The ECB shall communicate to the NCBs for each year the precise dates for the data submission of each production round. NCBs may transmit actual data either prior to the first production round, subject to the ECB’s confirmation of its readiness to receive data, or at any other times during production rounds.

In the absence of actual data, NCBs shall use estimates or provisional data where possible.

The data providers or the NCBs may perform revisions based on recalculations or on estimates. NCBs shall transmit revisions to the ECB as part of the production rounds, preferably as part of the first production round.

The ECB shall send to NCBs the previous year’s explanatory notes in Word format, prior to the start of the first production round, which shall be completed and/or corrected and returned to the ECB. In these explanatory notes, NCBs shall explain deviations from the requirements in detail, if possible including the impact on the data.

Article 18

Statistics on IFs’ assets and liabilities

(a) General

NCBs shall report statistical information on IF assets and liabilities in accordance with Part 14 of Annex III to this Guideline, for each of the following sub-sectors: equity funds, bond funds, mixed funds, real estate funds, hedge funds, and other funds i.e. by nature of investment, each of which shall be further broken down into open-end funds and closed-end funds i.e. by type of IF. For the purpose of IFs broken down by nature of investment, funds of funds shall be classified under the category of funds in which they primarily invest.

These requirements shall cover end-month and end-quarter stocks as well as monthly and quarterly flow adjustments (14).

(b) Flow adjustments

NCBs shall report to the ECB separate data on revaluation adjustments due to price and exchange rate changes and reclassification adjustments, as set out in Part 14 of Annex III and in accordance with Annex V to this Guideline.

Financial transactions, and thereby adjustments, shall be derived in accordance with ESA 95, referred to as the ‘ESA 95 method’ where possible. NCBs may deviate from ESA 95 due to divergent national practices in accordance with Regulation ECB/2007/8. Where s-b-s stock information is available, revaluation adjustments may be derived in accordance with a common Eurosystem method, i.e. the flow-derivation method referred to in Annex V to this Guideline.

(c) Bearer shares

If the data on bearer shares reported by IFs, MFIs and/or OFIs other than IFs in accordance with Annex I to Regulation ECB/2007/8 are incomplete or not yet available, NCBs shall provide data on bearer shares on a best estimate basis according to the geographical and sectoral breakdown in Table 1 of Part 14 of Annex III to this Guideline.

(d) Memorandum items

To the extent that data are available, including on a best estimate basis, NCBs shall report on a monthly basis further statistical information in accordance with Table 3 of Part 14 of Annex III to this Guideline.

NCBs shall report to the ECB the monthly IF stocks, revaluation adjustments and reclassification adjustments data by close of business on the 28th working day following the end of the month to which the data relate. The same deadline shall apply to the reporting of memorandum items.

NCBs shall report to the ECB the quarterly IF stocks, revaluation adjustments and reclassification adjustments data by close of business on the 28th working day following the end of the quarter to which the data relate.

The following general rules shall apply to the revisions of monthly and quarterly data:

(a) the revisions shall be undertaken so that the monthly and quarterly data are consistent with each other;

(b) during the regular production periods, i.e. from the 28th working day following the end of the reference month/quarter to the day the data are disseminated back to the NCBs, NCBs may revise the data referring to the previous reference quarter, to the two months preceding it, as well as to the months following the previous reference quarter;

(c) outside the regular production periods, NCBs may also revise data referring to reference periods prior to the two months preceding the previous reference quarter, inter alia in case of mistakes, reclassifications or improved reporting procedures.

To ensure the quality of the euro area IF statistics, where NCBs grant derogations to the smallest IFs in accordance with Article 3(1) of Regulation ECB/2007/8, NCBs shall gross up to 100 % coverage for these IFs in the compilation of the monthly and quarterly IF assets and liabilities reported to the ECB, both for stocks and revaluation adjustments.

NCBs may choose the procedure for grossing up to 100 % coverage, provided it fulfils the following minimum standards:

(a) for missing breakdowns data, estimates shall be derived by applying ratios based on the corresponding investment fund sub-sector, e.g. if an open-end bond fund falls within the tail and only investment fund shares/units issued are collected, the missing breakdowns shall be derived by applying the structure of the open-end bond funds category;

(b) no investment fund sub-sector (e.g. open-end real-estate funds, closed-end real estate funds etc.) is completely excluded.

In accordance with Article 3(2) of Regulation ECB/2007/8, derogations may be granted to IFs that due to national accounting rules value their assets at a frequency lower than quarterly. Notwithstanding such derogation, the monthly and quarterly IF data reported by NCBs to the ECB shall always include data relating to these IFs.

Where the combined approach defined in Annex I of Regulation ECB/2007/8 is applied, NCBs shall derive the aggregated quarterly assets and liabilities of the IF sub-sectors in line with Table 1 of Part 14 of Annex III to this Guideline as follows:

(a) for securities with publicly available identification codes, the NCBs shall map the information provided on an s-b-s basis to the information derived from the CSDB or compatible national securities databases. The mapped s-b-s information shall be used to compile the value of assets and liabilities in euro and to derive the necessary breakdowns for each individual security of the IF. If the security identifiers are not found in the CSDB or compatible national securities databases, or the information necessary for the compilation of the assets and liabilities in line with Table 1 of Part 14 of Annex III to this Guideline is not available from the CSDB or compatible national securities databases, the NCBs shall estimate the missing data. NCBs may also collect s-b-s information on securities without publicly available identification codes by using NCB internal security identifiers;

(b) NCBs shall aggregate the data on securities derived under (a) and add them to the information reported for securities without publicly available identification codes to produce aggregates for: (i) securities other than shares broken down by maturity, currency and counterparty; and (ii) shares and other equity, broken down by instrument and counterparty; and (iii) total IF shares/units issued;

(c) NCBs shall derive the required statistical information on the IF assets and liabilities by adding the data on securities derived under (b) and the assets and liabilities other than securities collected from resident individual IFs;

(d) NCBs shall aggregate the assets and liabilities of all IFs resident in a Member State and belonging to the same sub-sector.

The above shall also apply when NCBs collect data on IF assets and liabilities on a monthly basis in accordance with Article 6(3) of Regulation ECB/2007/8.

In accordance with Article 6(1)(b) of Regulation ECB/2007/8, NCBs collect IF shares/units issued on a monthly basis. For reference months that are not end-quarter months, NCBs shall estimate the monthly data on IF assets and liabilities other than investment fund shares/units issued, based on the collected monthly and quarterly data unless data are collected on a monthly basis as set out in Article 6(3) of Regulation ECB/2007/8.

Where possible, NCBs shall make estimates at the individual fund level. Alternatively, an NCB may make estimates by IF sub-sector or may request the ECB to make the estimates. In the latter case the ECB may request additional information such as fund-by-fund or security-by-security data.

The valuation and/or accounting rules in Regulation ECB/2007/8 shall apply also when the NCBs report IF data to the ECB. However, for items which are subject to accrued interest the following rules shall apply:

(a) ‘securities other than shares’ include accrued interest;

(b) ‘deposit and loan claims’ and ‘deposits and loans received’ exclude accrued interest which is recorded under remaining assets/liabilities.

NCBs shall submit explanatory notes explaining the reasons for significant revisions. In addition, the NCBs shall provide the ECB with explanatory notes concerning reclassification adjustments. NCBs shall also provide explanatory notes concerning the revisions mentioned in Article 18(3)(c) of this Guideline.

In accordance with Article 5(3) of Regulation ECB/2007/8, NCBs may allow IFs to report their assets and liabilities as a group, provided that this leads to results that are similar to fund-by-fund reporting. IFs which report as a group shall belong to the same sub-sector; for example, closed-end real estate funds or open-end real estate funds.

NCBs shall provide to the ECB on an annual basis either: (i) indicators analysing the coverage and quality of the relevant set of securities in the CSDB in accordance with the CSDB Manual of Procedures, or (ii) the relevant information needed to derive the coverage and quality indicators.

NCBs relying on national securities databases shall once a year provide to the ECB aggregated results covering one quarter and at least two statistically significant sub-sectors of IFs. These aggregated results shall not differ by more than 5 % from those results which would be obtained when using the CSDB. This applies to information which is not reported by IFs.

The above information shall be transmitted to the ECB by the end of February each year by taking as reference the end-December data of the preceding year.

Article 19

List of MFIs for statistical purposes

The variables collected to establish and maintain the list of MFIs for statistical purposes which is provided for in Article 3 of Regulation ECB/2001/13 are specified in Part 1 of Annex VI to this Guideline.

NCBs shall report updates of the variables specified in Part 1 of Annex VI to this Guideline, either when there are changes in the MFI sector or when there are changes in attributes of existing MFIs. There are changes in the MFI sector when an institution joins the MFI sector (i.e. in case of establishment of an MFI as the result of a merger, establishment of new legal entities as the result of the division of an existing MFI, establishment of a new MFI, or change in the status of a previous non-MFI such that it becomes an MFI) or when an existing MFI leaves the MFI sector (i.e. in case of involvement of an MFI in a merger, purchase of an MFI by another institution, division of an MFI into separate legal entities, change in the status of an MFI such that it becomes a non-MFI, or liquidation of an MFI).

When reporting a new institution or an institution to be modified, NCBs shall complete all mandatory variables. When reporting an institution leaving the MFI sector which is not part of a merger NCBs shall report the following information as a minimum: the type of request, i.e. deletion, and the identification code of the MFI, i.e. the ‘mfi_id’ variable.

NCBs shall not reallocate MFI identification codes of deleted MFIs to new MFIs. In the case that this action is unavoidable, NCBs shall submit a written explanation to the ECB at the same time (using the ‘object_request’ type ‘mfi_req_realloc’).

When reporting updates, NCBs may use their national character set, provided they use the Roman alphabet. NCBs shall use Unicode to correctly display all special character sets when receiving information from the ECB via the Register of Institutions and Assets Database (RIAD) Data Exchange System.

Prior to the transmission of updates to the ECB, NCBs shall carry out the validation checks in Sections 1 to 10 of Part 2 of Annex VI to this Guideline.

NCBs shall transmit to the ECB where possible updates of the variables specified in Part 1 of Annex VI to this Guideline, as soon as changes in the MFI sector or in the attributes of existing MFIs occur.

If this is not possible, NCBs shall provide a written explanation for the delay between the occurrence of the event and its reporting to the ECB.

NCBs shall transmit updates in XML format, via the RIAD Data Exchange System, according to the document entitled ‘Exchange Specification for the RIAD Data Exchange System’. In the event of failure of the RIAD Data Exchange System, updates shall be transmitted in XML format via the N13 Cebamail account. In the event that the Cebamail system is not operational for file transfer of MFI updates or corrections, NCBs shall transfer these files by e-mail using the XML format, to the following address: birs@ecb.int.

When manual input procedures are used, NCBs shall have in place an adequate set of controls to minimise operational errors and ensure the accuracy and the consistency of the MFI updates reported via the RIAD Data Exchange System.

On receipt of the updates, the ECB shall immediately carry out the validation checks in Sections 1 to 11 of Part 2 of Annex VI to this Guideline.

The ECB shall immediately send back to the NCBs: (i) an acquisition acknowledgement containing summary information of the MFI updates which have been processed and implemented successfully in the MFI dataset; and/or (ii) an error acknowledgement containing detailed information on the MFI updates and the validation checks which have failed. In accordance with Sections 1 to 11 of Part 2 of Annex VI to this Guideline, the ECB shall implement, in whole or in part, incomplete, incorrect or missing update requests or shall reject them.

On receipt of an error acknowledgement, NCBs shall take immediate action to transmit corrected information. If correct information depends on updates sent by other NCBs during the course of the latest month and so is not available on the ECB's website, NCBs shall contact the ECB via the N13 Cebamail account, with specific details of the information required.

The ECB shall take a copy of all changes implemented in the list of MFIs every ECB working day at 17.00 Central European time (CET) and disseminate it to all NCBs. The dissemination shall contain the full details of each of the following changes reported by NCBs: (i) new MFIs; (ii) updated MFIs; (iii) deleted MFIs; (iv) reallocation of MFI identification codes; (v) change of MFI identification codes; and (vi) change of MFI identification codes involving reallocation.

At 17.00 CET every ECB working day, the ECB shall take a copy of the MFI dataset and make it available on the ECB’s website. All MFI records shall be shown, irrespective of whether they are inconsistent with Monetary Policy Eligible Counterparties (MPEC) records or not.

On the last ECB working day of each calendar month, the ECB shall take a copy of the MFI dataset along with one variable from the MPEC dataset i.e. the variable ‘reserve’ indicating whether credit institutions resident in the euro area are subject to minimum reserves or not, as at 17.00 CET. This copy shall not include inconsistent MFI-MPEC records, i.e. if a euro area credit institution is listed in the MFI dataset but not in the MPEC dataset, and vice versa. The ECB shall make available to the public a list of MFIs and institutions subject to minimum reserves on the day following the copy. If the copy is taken at 17.00 CET on a Friday, the ECB shall make available the updated information at 12.00 CET on Saturday.

At the same time as releasing the list of MFIs and institutions subject to minimum reserves on its website, the ECB shall send it to the NCBs via the RIAD Data Exchange System.

Article 20

List of IFs for statistical purposes

The variables collected to establish and maintain the list of IFs for statistical purposes which is provided for in Article 4 of Regulation ECB/2007/8 are specified in Annex VII to this Guideline.

NCBs shall report updates of the variables specified in Part 1 of Annex VII to this Guideline either when there are changes in the IF sector or when there are changes in attributes of existing IFs. There are changes in the IF sector when an institution joins the IF sector or when an existing IF leaves the IFs sector.

NCBs shall derive updates by comparing their national list of IFs at the end of two successive end-of-quarters, i.e. they shall not take into account intra-quarter movements.

When reporting a new institution or an institution to be modified, NCBs shall complete all mandatory variables.

When reporting an institution leaving the IF sector, NCBs shall report the following information as a minimum: the type of request, i.e. deletion, and the identification code of the IF, i.e. the ‘if_id’ variable.

Once a year, pertaining to the 31 December reference date, NCBs shall transmit an XML file specifically to report the net asset value (NAV) per IF. That is, the NAV shall be provided separately from changes to other IFs attributes. For all IFs, the following information shall be provided: the type of request, i.e. if_req_nav, the IF’s unique identification code, the NAV amount and the applicable NAV date.

For any given reference date, information on any new IFs or changes to the identification codes of existing IFs, shall be transmitted first to the ECB, prior to transmitting NAV information.

Where possible, NCBs shall not reallocate IF identification codes of deleted IFs to new IFs. Where unavoidable, NCBs shall submit a written explanation to the ECB via the N13 Cebamail account at the same time as the IF record (using the object_request type ‘if_req_realloc’).

When reporting updates, NCBs may use their national character set, provided they use the Roman alphabet. NCBs shall use Unicode to correctly display all special character sets when receiving information from the ECB via the RIAD Data Exchange System.

Prior to the transmission of updates to the ECB, NCBs shall carry out the validation checks in Part 3 of Annex VII to this Guideline.

NCBs shall transmit to the ECB updates of the variables specified in Part 1 of Annex VII to this Guideline, at least on a quarterly basis, with a timeliness of two months following the reference date. However, the NAV variable shall be updated for all investment funds on an annual basis, with a lag of maximum two months following the reference date of end-December.

NCBs shall transmit updates in XML file format via the ESCB-Net transmission channel, in accordance to the guidance given in the document: ‘Exchange Specification for the RIAD Data Exchange System’. The ECB will then process the data via the RIAD Data Exchange System. In the event of failure of the ESCB-Net and/or the RIAD Data Exchange System, updates shall be transmitted in XML format via the N13 Cebamail account’. In the event that the Cebamail system is not operational for file transfer of IF updates or corrections, NCBs shall transfer these files by e-mail using the XML format, to the following address: birs@ecb.int.

When manual input procedures are used, NCBs shall have in place an adequate set of controls to minimise operational errors and ensure the accuracy and the consistency of the IF updates reported via the RIAD Data Exchange System.

On receipt of the updates, the ECB shall immediately carry out the validation checks in Part 3 of Annex VII to this Guideline.

The ECB shall immediately send back to the NCBs: (i) an acquisition acknowledgement containing summary information of the IF updates which have been processed and implemented successfully in the IF dataset; and/or (ii) an error acknowledgement containing detailed information on the IF updates and the validation checks which have failed. In accordance with Part 3 of Annex VII the ECB shall implement, in whole or in part, incomplete, incorrect or missing update requests or shall reject them.

On receipt of an error acknowledgement, NCBs shall take immediate action to transmit corrected information. If immediate action is not feasible, they shall have a maximum of four working days, i.e. until 17.59 CET on the fourth working day, to report corrected information, following the stipulated deadline for reporting.

The ECB shall take a copy of the IF dataset, excluding values marked as confidential and the ‘NAV’ variable, at 18.00 CET on the fourth working day following the stipulated reporting date for transmitting updates. The updated information shall become available by 12.00 CET the next day. If the copy is taken at 18.00 CET on a Friday, the ECB shall make available the updated information at 12.00 CET on Saturday.

The ECB shall not publish values which have been marked as confidential.

The ECB shall not publish the ‘NAV’ per investment fund. Instead, based on the ‘NAV’, the ECB shall establish a range of size classes and the appropriate size class per investment fund.

At the same time as releasing the list of IFs on its website, the ECB shall send it to the NCBs via the RIAD Data Exchange System.

Article 21

Verification

Without prejudice to the ECB's verification rights set out in Regulation (EC) No 2533/98 and Regulation ECB/2001/13, the NCBs shall monitor and ensure the quality and reliability of statistical information made available to the ECB.

Article 22

Transmission standards

The NCBs shall use the ESCB-Net provided by the ESCB for the electronic transmission of the statistical information required by the ECB. The statistical message format developed for this electronic exchange of statistical information shall be the standard format agreed by the Statistics Committee. This requirement shall not prevent the use of any other means of transmitting statistical information as a fall back solution with the ECB’s prior consent.

Article 23

Simplified amendment procedure

Taking into account the Statistics Committee’s opinion, the ECB’s Executive Board may make any technical amendments to this Guideline’s annexes that do not change the underlying conceptual framework or affect the reporting burden on reporting agents in Member States.

Article 24

Publication

NCBs shall not publish national contributions to the monthly euro area monetary aggregates until the ECB has published these aggregates. Where NCBs publish such data, they shall be the same as data that contributed to the last published euro area aggregates. Where NCBs reproduce euro area aggregates published by the ECB, they shall reproduce them faithfully.

Article 25

Repeal

Guideline ECB/2003/2 is hereby repealed.

Article 26

Entry into force

This Guideline shall enter into force on the third day following that on which Regulation ECB/2007/8 enters into force.

Article 27

Addressees

This Guideline applies to all Eurosystem central banks.

Done at Frankfurt am Main, 1 August 2007. For the Governing Council of the ECB The President of the ECB Jean-Claude TRICHET

(1) OJ L 333, 17.12.2001, p. 1. Regulation as last amended by Regulation ECB/2006/20 (OJ L 2, 5.1.2007, p. 3).

(2) OJ L 250, 2.10.2003, p. 10.

(3) OJ L 10, 12.1.2002, p. 24. Regulation as amended by Regulation ECB/2004/21 (OJ L 371, 18.12.2004, p. 42).

(4) OJ L 211, 11.8.2007, p. 8.

(5) OJ L 318, 27.11.1998, p. 8.

(6) OJ L 372, 31.12.1986, p. 1. Directive as amended by Directive 2006/46/EC of the European Parliament and of the Council (OJ L 224, 16.8.2006, p. 1).

(7) OJ L 58, 3.3.2003, p. 1.

(8) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regulation (EC) No 1267/2003 of the European Parliament and of the Council (OJ L 180, 18.7.2003, p. 1).

(9) In principle the balance sheet is drawn up as at the last calendar day of the month/quarter without regard to local bank holidays. In the many cases where this is not possible the balance sheet is drawn up at the end of the last working day in accordance with national market or accounting rules.

(10) I.e. transactions.

(11) I.e. inclusion or exclusion of MFIs if the business has been transferred into or out of the MFI sector.

(12) I.e. mergers and acquisitions.

(13) European Monetary Institute, Money and Banking Statistics Compilation Guide — Guidance provided to NCBs for the compilation of money andbanking statistics for submission to the ECB, available on www.ecb.int.

(14) In principle, the assets and liabilities are drawn up as at the last calendar day of the month or quarter without taking into account local bank holidays. However, in many cases this will not be possible and the assets and liabilities will be drawn up at the end of the last working day in accordance with national market or accounting rules.

ANNEX I BRIDGING TABLES The bridging tables provide a detailed link between the accounting balance sheet items and the items to be reported for statistical purposes. The left-hand side of the bridging tables gives, for each cell of Tables 1, 2, 3 and 4 of Annex I to Regulation ECB/2001/13, the item number, description and breakdown; the right-hand side of the bridging tables gives, for each accounting item, the item number, description and breakdown requested. Certain Regulation ECB/2001/13 balance sheet items are not applicable to the ECB's/NCBs' balance sheets (they are indicated as ‘n/a’). BRIDGING TABLE (Monthly data) Bridging table. Item-by-item correspondence LIABILITIES Stocks Regulation ECB/2001/13 — Annex 1 — Table 1 Accounting balance sheet format Item Description Breakdown Item Description Further breakdown provided Residence Sector Sub-sector Maturity Residence Type Currency Sector Sub-sector Maturity 8 Currency in circulation 1 Banknotes in circulation 9 Deposits (all currencies) Domestic MFIs 2,1 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — current accounts (covering the minimum reserve system) Domestic 2,2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility Domestic 2,3 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits Domestic 2,4 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations Domestic 2,5 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls Domestic 3 Other liabilities to euro area credit institutions denominated in euro Domestic 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic 7 Liabilities to euro area residents denominated in foreign currency Domestic 10,1 Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) Domestic 10,2 Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) Domestic 10,4 Intra-Eurosystem liabilities — other liabilities within the Eurosystem Domestic 12 Other liabilities Domestic Deposits All currencies MFIs 9 Deposits (all currencies) Domestic Non-MFIs General government Central government 5,1 Liabilities to other euro area residents denominated in euro — general government Domestic Non-MFIs Central government 7 Liabilities to euro area residents denominated in foreign currency Domestic Non-MFIs Central government 12 Other liabilities Domestic Deposits All currencies Non-MFIs Central government 9 Deposits (all currencies) Other participating Member States MFIs 2,1 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — currents accounts (covering the minimum reserve system) Other participating Member States 2,2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility Other participating Member States 2,3 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits Other participating Member States 2,4 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations Other participating Member States 2,5 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls Other participating Member States 3 Other liabilities to euro area credit institutions denominated in euro Other participating Member States 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States 10,1 Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) Other participating Member States 10,2 Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) Other participating Member States 10,4 Intra-Eurosystem liabilities — other liabilities within the Eurosystem Other participating Member States 12 Other liabilities Other participating Member States Deposits All currencies MFIs 9 Deposits (all currencies) Other participating Member States Non-MFIs General government Central government 5,1 Liabilities to other euro area residents denominated in euro — general government Other participating Member States Non-MFIs Central government 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Non-MFIs Central government 12 Other liabilities Other participating Member States Deposits All currencies Non-MFIs Central government 9 Deposits (all currencies) Rest of the world 6 Liabilities to non-euro area residents denominated in euro 8,1 Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities 8,2 Liabilities arising from the credit facility under ERM II 12 Other liabilities Rest of the world Deposits All currencies 9 Deposits (all currencies) Rest of the world By maturity (2 bands) 6 Liabilities to non-euro area residents denominated in euro By maturity (2 bands) 8,1 Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities By maturity (2 bands) 8,2 Liabilities arising from the credit facility under ERM II By maturity (2 bands) 12 Other liabilities Rest of the world Deposits All currencies By maturity (2 bands) 9e Deposits (euro) Domestic MFIs 2,1 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — currents accounts (covering the minimum reserve system) Domestic 2,2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility Domestic 2,3 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits Domestic 2,4 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations Domestic 2,5 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls Domestic 3 Other liabilities to euro area credit institutions denominated in euro Domestic 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic 10,1 Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) Domestic 10,2 Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) Domestic 10,4 Intra-Eurosystem liabilities — other liabilities within the Eurosystem Domestic 12 Other liabilities Domestic Deposits Euro 9e Deposits (euro) Other participating Member States MFIs 2,1 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — currents accounts (covering the minimum reserve system) Other participating Member States 2,2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility Other participating Member States 2,3 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits Other participating Member States 2,4 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations Other participating Member States 2,5 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls Other participating Member States 3 Other liabilities to euro area credit institutions denominated in euro Other participating Member States 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States 10,1 Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) Other participating Member States 10,2 Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) Other participating Member States 10,4 Intra-Eurosystem liabilities — other liabilities within the Eurosystem Other participating Member States 12 Other liabilities Other participating Member States Deposits Euro MFIs 9.1e Overnight Domestic Non-MFIs General government Other general government 5,1 Liabilities to other euro area residents denominated in euro — general government Domestic Overnight Other general government 12 Other liabilities Domestic Overnight Euro Non-MFIs Other general government 9.1e Overnight Domestic Non-MFIs Other residents 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Overnight 12 Other liabilities Domestic Overnight Euro Non-MFIs Other residents 9.1e Overnight Domestic Non-MFIs Other residents Other financial intermediaries 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Overnight Other financial intermediaries 12 Other liabilities Domestic Overnight Euro Other residents Other financial intermediaries 9.1e Overnight Domestic Non-MFIs Other residents Insurance corporations and pension funds 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Overnight Insurance corporations and pension funds 12 Other liabilities Domestic Overnight Euro Other residents Insurance corporations and pension funds 9.1e Overnight Domestic Non-MFIs Other residents Non-financial corporations 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Overnight Non-financial corporations 12 Other liabilities Domestic Overnight Euro Other residents Non-financial corporations 9.1e Overnight Domestic Non-MFIs Other residents Households 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Overnight Households 12 Other liabilities Domestic Overnight Euro Other residents Households 9.1e Overnight Other participating Member States Non-MFIs General government Other general government 5,1 Liabilities to other euro area residents denominated in euro — general government Other participating Member States Overnight Other general government 12 Other liabilities Other participating Member States Overnight Euro Non-MFIs Other general government 9.1e Overnight Other participating Member States Non-MFIs Other residents 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Overnight 12 Other liabilities Other participating Member States Overnight Euro Non-MFIs Other residents 9.1e Overnight Other participating Member States Non-MFIs Other residents Other financial intermediaries 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Overnight Other financial intermediaries 12 Other liabilities Other participating Member States Overnight Euro Other residents Other financial intermediaries 9.1e Overnight Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Overnight Insurance corporations and pension funds 12 Other liabilities Other participating Member States Overnight Euro Other residents Insurance corporations and pension funds 9.1e Overnight Other participating Member States Non-MFIs Other residents Non-financial corporations 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Overnight Non-financial corporations 12 Other liabilities Other participating Member States Overnight Euro Non-MFIs Non-financial corporations 9.1e Overnight Other participating Member States Non-MFIs Other residents Households 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Overnight Households 12 Other liabilities Other participating Member States Overnight Euro Non-MFIs Households 9.2e With agreed maturity Domestic Non-MFIs General Government Other general government By maturity (3 bands) 5,1 Liabilities to other euro area residents denominated in euro — general government Domestic With agreed maturity Non-MFIs Other general government By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Euro Non-MFIs Other general government By maturity (3 bands) 9.2e With agreed maturity Domestic Non-MFIs Other residents By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic With agreed maturity By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Euro Non-MFIs Other residents By maturity (3 bands) 9.2e With agreed maturity Domestic Non-MFIs Other residents Other financial intermediaries By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic With agreed maturity Other financial intermediaries By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Euro Non-MFIs Other financial intermediaries By maturity (3 bands) 9.2e With agreed maturity Domestic Non-MFIs Other residents Insurance corporations and pension funds By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic With agreed maturity Insurance corporations and pension funds By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Euro Non-MFIs Insurance corporations and pension funds By maturity (3 bands) 9.2e With agreed maturity Domestic Non-MFIs Other residents Non-financial corporations By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic With agreed maturity Non-financial corporations By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Euro Non-MFIs Non-financial corporations By maturity (3 bands) 9.2e With agreed maturity Domestic Non-MFIs Other residents Households By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic With agreed maturity Households By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Euro Non-MFIs Households By maturity (3 bands) 9.2e With agreed maturity Other participating Member States Non-MFIs General Government Other general government By maturity (3 bands) 5,1 Liabilities to other euro area residents denominated in euro — general government Other participating Member States With agreed maturity Other general government By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Euro Non-MFIs Other general government By maturity (3 bands) 9.2e With agreed maturity Other participating Member States Non-MFIs Other residents By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States With agreed maturity By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Euro Other residents By maturity (3 bands) 9.2e With agreed maturity Other participating Member States Non-MFIs Other residents Other financial intermediaries By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States With agreed maturity Other financial intermediaries By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Euro Non-MFIs Other financial intermediaries By maturity (3 bands) 9.2e With agreed maturity Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States With agreed maturity Insurance corporations and pension funds By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Euro Non-MFIs Insurance corporations and pension funds By maturity (3 bands) 9.2e With agreed maturity Other participating Member States Non-MFIs Other residents Non-financial corporations By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States With agreed maturity Non-financial corporations By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Euro Non-MFIs Non-financial corporations By maturity (3 bands) 9.2e With agreed maturity Other participating Member States Non-MFIs Other residents Households By maturity (3 bands) 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States With agreed maturity Households By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Euro Non-MFIs Households By maturity (3 bands) 9.3e Redeemable at notice Domestic Non-MFIs General Government Other general government By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Domestic Non-MFIs Other residents By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Domestic Non-MFIs Other residents Other financial intermediaries By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Domestic Non-MFIs Other residents Insurance corporations and pension funds By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Domestic Non-MFIs Other residents Non-financial corporations By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Domestic Non-MFIs Other residents Households By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Other participating Member States Non-MFIs General Government Other general government By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Other participating Member States Non-MFIs Other residents By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Other participating Member States Non-MFIs Other residents Other financial intermediaries By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Other participating Member States Non-MFIs Other residents Non-financial corporations By maturity (2 bands) n/a n/a 9.3e Redeemable at notice Other participating Member States Non-MFIs Other residents Households By maturity (2 bands) n/a n/a 9.4e Repos Domestic Non-MFIs General Government Other general government 5,1 Liabilities to other euro area residents denominated in euro — general government Domestic Repos Other general government 12 Other liabilities Domestic Repos Euro Non-MFIs Other general government 9.4e Repos Domestic Non-MFIs Other residents 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Repos 12 Other liabilities Domestic Repos Euro Non-MFIs Other residents 9.4e Repos Domestic Non-MFIs Other residents Other financial intermediaries 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Repos Other financial intermediaries 12 Other liabilities Domestic Repos Non-MFIs Other financial intermediaries 9.4e Repos Domestic Non-MFIs Other residents Insurance corporations and pension funds 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Repos Insurance corporations and pension funds 12 Other liabilities Domestic Repos Non-MFIs Insurance corporations and pension funds 9.4e Repos Domestic Non-MFIs Other residents Non-financial corporations 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Repos Non-financial corporations 12 Other liabilities Domestic Repos Euro Non-MFIs Non-financial corporations 9.4e Repos Domestic Non-MFIs Other residents Households 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Domestic Repos Households 12 Other liabilities Domestic Repos Euro Non-MFIs Households 9.4e Repos Other participating Member States Non-MFIs General Government Other general government 5,1 Liabilities to other euro area residents denominated in euro — general government Other participating Member States Repos Other general government 12 Other liabilities Other participating Member States Repos Euro Non-MFIs Other general government 9.4e Repos Other participating Member States Non-MFIs Other residents 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Repos 12 Other liabilities Other participating Member States Repos Euro Non-MFIs Other residents 9.4e Repos Other participating Member States Non-MFIs Other residents Other financial intermediaries 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Repos Other financial intermediaries 12 Other liabilities Other participating Member States Repos Euro Non-MFIs Other financial intermediaries 9.4e Repos Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Repos Insurance corporations and pension funds 12 Other liabilities Other participating Member States Repos Euro Non-MFIs Insurance corporations and pension funds 9.4e Repos Other participating Member States Non-MFIs Other residents Non-financial corporations 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Repos Non-financial corporations 12 Other liabilities Other participating Member States Repos Euro Non-MFIs Non-financial corporations 9.4e Repos Other participating Member States Non-MFIs Other residents Households 5,2 Liabilities to other euro area residents denominated in euro — other liabilities Other participating Member States Repos Households 12 Other liabilities Other participating Member States Repos Euro Non-MFIs Households 9.1x Overnight Domestic Non-MFIs General Government Other general government 7 Liabilities to euro area residents denominated in foreign currency Domestic Overnight Other general government 12 Other liabilities Domestic Overnight Foreign currency Non-MFIs Other general government 9.1x Overnight Domestic Non-MFIs Other residents 7 Liabilities to euro area residents denominated in foreign currency Domestic Overnight Other residents 12 Other liabilities Domestic Overnight Euro Non-MFIs Other residents 9.1x Overnight Domestic Non-MFIs Other residents Other financial intermediaries 7 Liabilities to euro area residents denominated in foreign currency Domestic Overnight Other financial intermediaries 12 Other liabilities Domestic Overnight Euro Non-MFIs Other financial intermediaries 9.1x Overnight Domestic Non-MFIs Other residents Insurance corporations and pension funds 7 Liabilities to euro area residents denominated in foreign currency Domestic Overnight Insurance corporations and pension funds 12 Other liabilities Domestic Overnight Euro Non-MFIs Insurance corporations and pension funds 9.1x Overnight Domestic Non-MFIs Other residents Non-financial corporations 7 Liabilities to euro area residents denominated in foreign currency Domestic Overnight Non-financial corporations 12 Other liabilities Domestic Overnight Foreign currency Non-MFIs Non-financial corporations 9.1x Overnight Domestic Non-MFIs Other residents Households 7 Liabilities to euro area residents denominated in foreign currency Domestic Overnight Households 12 Other liabilities Domestic Overnight Foreign currency Non-MFIs Households 9.1x Overnight Other participating Member States Non-MFIs General Government Other general government 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Overnight Other general government 12 Other liabilities Other participating Member States Overnight Foreign currency Non-MFIs Other general government 9.1x Overnight Other participating Member States Non-MFIs Other residents 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Overnight Other residents 12 Other liabilities Other participating Member States Overnight Foreign currency Non-MFIs Other residents 9.1x Overnight Other participating Member States Non-MFIs Other residents Other financial intermediaries 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Overnight Other financial intermediaries 12 Other liabilities Other participating Member States Overnight Foreign currency Non-MFIs Other financial intermediaries 9.1x Overnight Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Overnight Insurance corporations and pension funds 12 Other liabilities Other participating Member States Overnight Foreign currency Non-MFIs Insurance corporations and pension funds 9.1x Overnight Other participating Member States Non-MFIs Other residents Non-financial corporations 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Overnight Non-financial corporations 12 Other liabilities Other participating Member States Overnight Foreign currency Non-MFIs Non-financial corporations 9.1x Overnight Other participating Member States Non-MFIs Other residents Households 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Overnight Households 12 Other liabilities Other participating Member States Overnight Foreign currency Non-MFIs Households 9.2x With agreed maturity Domestic Non-MFIs General Government Other general government By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Domestic With agreed maturity Other general government By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Foreign currency Non-MFIs Other general government By maturity (3 bands) 9.2x With agreed maturity Domestic Non-MFIs Other residents By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Domestic With agreed maturity Other residents By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Foreign currency Non-MFIs Other residents By maturity (3 bands) 9.2x With agreed maturity Domestic Non-MFIs Other residents Other financial intermediaries By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Domestic With agreed maturity Other financial intermediaries By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Foreign currency Non-MFIs Other financial intermediaries By maturity (3 bands) 9.2x With agreed maturity Domestic Non-MFIs Other residents Insurance corporations and pension funds By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Domestic With agreed maturity Insurance corporations and pension funds By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Foreign currency Non-MFIs Insurance corporations and pension funds By maturity (3 bands) 9.2x With agreed maturity Domestic Non-MFIs Other residents Non-financial corporations By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Domestic With agreed maturity Non-financial corporations By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Foreign currency Non-MFIs Non-financial corporations By maturity (3 bands) 9.2x With agreed maturity Domestic Non-MFIs Other residents Households By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Domestic With agreed maturity Households By maturity (3 bands) 12 Other liabilities Domestic With agreed maturity Foreign currency Non-MFIs Households By maturity (3 bands) 9.2x With agreed maturity Other participating Member States Non-MFIs General Government Other general government By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States With agreed maturity Other general government By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Foreign currency Non-MFIs Other general government By maturity (3 bands) 9.2x With agreed maturity Other participating Member States Non-MFIs Other residents By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States With agreed maturity Other residents By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Foreign currency Non-MFIs Other residents By maturity (3 bands) 9.2x With agreed maturity Other participating Member States Non-MFIs Other residents Other financial intermediaries By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States With agreed maturity Other financial intermediaries By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Foreign currency Non-MFIs Other financial intermediaries By maturity (3 bands) 9.2x With agreed maturity Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States With agreed maturity Insurance corporations and pension funds By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Foreign currency Non-MFIs Insurance corporations and pension funds By maturity (3 bands) 9.2x With agreed maturity Other participating Member States Non-MFIs Other residents Non-financial corporations By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States With agreed maturity Non-financial corporations By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Foreign currency Non-MFIs Non-financial corporations By maturity (3 bands) 9.2x With agreed maturity Other participating Member States Non-MFIs Other residents Households By maturity (3 bands) 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States With agreed maturity Households By maturity (3 bands) 12 Other liabilities Other participating Member States With agreed maturity Foreign currency Non-MFIs Households By maturity (3 bands) 9.3x Redeemable at notice Domestic Non-MFIs General Government Other general government By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Domestic Non-MFIs Other residents By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Domestic Non-MFIs Other residents Other financial intermediaries By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Domestic Non-MFIs Other residents Insurance corporations and pension funds By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Domestic Non-MFIs Other residents Non-financial corporations By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Domestic Non-MFIs Other residents Households By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Other participating Member States Non-MFIs General Government Other general government By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Other participating Member States Non-MFIs Other residents By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Other participating Member States Non-MFIs Other residents Other financial intermediaries By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Other participating Member States Non-MFIs Other residents Non-financial corporations By maturity (2 bands) n/a n/a 9.3x Redeemable at notice Other participating Member States Non-MFIs Other residents Households By maturity (2 bands) n/a n/a 9.4x Repos Domestic Non-MFIs General Government Other general government 7 Liabilities to euro area residents denominated in foreign currency Domestic Repos Other general government 12 Other liabilities Domestic Repos Foreign currency Non-MFIs Other general government 9.4x Repos Domestic Non-MFIs Other residents 7 Liabilities to euro area residents denominated in foreign currency Domestic Repos Other residents 12 Other liabilities Domestic Repos Foreign currency Non-MFIs Other residents 9.4x Repos Domestic Non-MFIs Other residents Other financial intermediaries 7 Liabilities to euro area residents denominated in foreign currency Domestic Repos Other financial intermediaries 12 Other liabilities Domestic Repos Non-MFIs Other financial intermediaries 9.4x Repos Domestic Non-MFIs Other residents Insurance corporations and pension funds 7 Liabilities to euro area residents denominated in foreign currency Domestic Repos Insurance corporations and pension funds 12 Other liabilities Domestic Repos Non-MFIs Insurance corporations and pension funds and pension funds 9.4x Repos Domestic Non-MFIs Other residents Non-financial corporations 7 Liabilities to euro area residents denominated in foreign currency Domestic Repos Non-financial corporations 12 Other liabilities Domestic Repos Foreign currency Non-MFIs Non-financial corporations 9.4x Repos Domestic Non-MFIs Other residents Households 7 Liabilities to euro area residents denominated in foreign currency Domestic Repos Households 12 Other liabilities Domestic Repos Foreign currency Non-MFIs Households 9.4x Repos Other participating Member States Non-MFIs General Government Other general government 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Repos Other general government 12 Other liabilities Other participating Member States Repos Foreign currency Non-MFIs Other general government 9.4x Repos Other participating Member States Non-MFIs Other residents 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Repos Other residents 12 Other liabilities Other participating Member States Repos Non-MFIs Other residents 9.4x Repos Other participating Member States Non-MFIs Other residents Other financial intermediaries 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Repos Other residents 12 Other liabilities Other participating Member States Repos Non-MFIs Other residents 9.4x Repos Other participating Member States Non-MFIs Other residents Insurance corporations and pension funds 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Repos Other residents 12 Other liabilities Other participating Member States Repos Foreign currency Non-MFIs Other residents 9.4x Repos Other participating Member States Non-MFIs Other residents Non-financial corporations 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Repos Other residents 12 Other liabilities Other participating Member States Repos Foreign currency Non-MFIs Other residents 9.4x Repos Other participating Member States Non-MFIs Other residents Households 7 Liabilities to euro area residents denominated in foreign currency Other participating Member States Repos Other residents 12 Other liabilities Other participating Member States Repos Foreign currency Non-MFIs Other residents 10 Money market fund shares/units n/a n/a 11e Debt securities issued Up to 1 year 4 Debt certificates issued Up to 1 year 11e Debt securities issued Over 1 & up to 2 years n/a n/a 11e Debt securities issued© Over 2 years n/a n/a 11x Debt securities issued Up to 1 year n/a n/a 11x Debt securities issued Over 1 & up to 2 years n/a n/a 11x Debt securities issued Over 2 years n/a n/a 12 Capital and reserves (11) (Other assets) 12 Other liabilities Capital and reserves 13 Provisions Capital and reserves 14 Revaluation accounts 15 Capital and reserves 13 Remaining liabilities 10,3 Intra-Eurosystem lia