Decision of the European Central Bank of 1 December 1998 on the national central banks' percentage shares in the key for the capital of the European Central Bank (ECB/1998/13)
Date: 1998-12-01
Institutions: European Central Bank
Subjects: EU Member State, European Central Bank, European accounting system, central bank

19. 5. 1999

EN

Official Journal of the European Communities

L 125/33

DECISION OF THE EUROPEAN CENTRAL BANK

of 1 December 1998

on the national central banks’ percentage shares in the key for the capital of the
European Central Bank

(ECB/1998/13)

(1999/331/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN
CENTRAL BANK,

Having regard to Article 29 of the Statute of the European
System of Central Banks and of the European Central
Bank (hereinafter referred to as the ‘Statute'),

Whereas Article 2 of the ECB Decision of 9 June 1998
(ECB/1998/1) (1) on the method to be applied for deter-
mining the national central banks’ percentage shares in
the key for the capital of the European Central Bank
stipulates that the key may be revised before the start of
Stage Three in the event that the Commission provides
revised statistical data to be used for the determination of
the key before December 1998 which would result in a
change of 0,01 % or more in an NCB’s share;

Whereas revised statistical data to be used for the deter-
mination of the key were provided by the Commission of
the European Communities in November 1998 in accord-
ance with the rules adopted by the EU Council on 5 June
1998 (2);

Whereas the weightings of the national central banks
(NCBs) in the key have to be adjusted as the revised data
result in a change of 0,01 % or more in an NCB’s share;

Whereas, in the event that the figures provided by the
Commission of the European Communities do not sum
to 100 %,
the deviation shall be accommodated by
adding 0,0001 percentage point, in ascending order, to
the smallest share(s) until exactly 100 % is reached, if the
initial total were below 100 %,

HAS ADOPTED THIS DECISION:

(cid:190) Danmarks Nationalbank
(cid:190) Deutsche Bundesbank
(cid:190) Bank of Greece
(cid:190) Banco de Espa(cid:157)a
(cid:190) Banque de France
(cid:190) Central Bank of Ireland
(cid:190) Banca d’Italia
(cid:190) Banque centrale du Luxembourg
(cid:190) De Nederlandsche Bank
(cid:190) (cid:153)sterreichische Nationalbank
(cid:190) Banco de Portugal
(cid:190) Suomen Pankki
(cid:190) Sveriges riksbank
(cid:190) Bank of England

1,6709 %,
24,4935 %,
2,0564 %,
8,8935 %,
16,8337 %,
0,8496 %,
14,8950 %,
0,1492 %,
4,2780 %,
2,3594 %,
1,9232 %,
1,3970 %,
2,6537 %,
14,6811 %.

Article 2

1.
This Decision shall replace the ECB Decision of 9
June 1998 on the method to be applied for determining
the national central banks’ percentage shares in the key
for the caital of the European Central Bank (ECB/1998/1).

2.
This Decision shall take retroactive effect from 1
June 1998. The Executive Board of the European Central
Bank is hereby empowered to take all necessary measures
to effect adjustments of the amounts which have already
been paid by the NCBs under the ECB Decision of 9
June 1998 laying down the measures necessary for the
paying-up of the capital of the European Central Bank
(ECB/1998/2).

This Decision shall be published in the Official

3.
Journal of the European Communities.

Article 1

Done at Frankfurt am Main, 1 December 1998.

The weightings of the NCBs in the key referred to in
Article 29.1 of the Statute shall be as follows:

(cid:190) Nationale Bank van Belgi(cid:137)/Banque

Nationale de Belgique

2,8658 %,

The President of the ECB

Willem F. DUISENBERG

(1) OJ L 8, 14.1.1999, p. 31.
(2) See Council Decision 98/382/EC (OJ L 171, 17.6.1998, p. 33).

OJ L 171, 17 June 1998, p. 33f.