Decision of the European Central Bank of 22 April 2004 laying down the measures necessary for the paying-up of the European Central Bank’s capital by the participating national central banks (ECB/2004/6)
Date: 2004-04-22
Institutions: European Central Bank
Subjects: European Central Bank, European System of Central Banks, Member States' contribution, accession to the European Union, banking, banking policy, central bank

9.6.2004

EN

Official Journal of the European Union

L 205/7

DECISION OF THE EUROPEAN CENTRAL BANK

of 22 April 2004
laying down the measures necessary for the paying‐up of the European Central Bank’s capital by the
participating national central banks

(ECB/2004/6)

(2004/503/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

HAS DECIDED AS FOLLOWS:

Having regard to the Statute of the European System of Central
Banks and of the European Central Bank and in particular Article
28.3 thereof,

Article 1

Extent and form of paid‐up capital

Decision ECB/2003/18 of 18 December 2003 laying down
the measures necessary for the paying‐up of the European
Central Bank’s capital by the participating national central
banks (1) determined how and to what extent the national
central banks (NCBs) of the Member States that have
adopted the euro (hereinafter the participating NCBs)
should pay up the European Central Bank’s (ECB’s) capital
on 1 January 2004.

In view of the accession of the Czech Republic, the Repub‐
lic of Estonia, the Republic of Cyprus, the Republic of
Latvia, the Republic of Lithuania, the Republic of Hungary,
the Republic of Malta, the Republic of Poland, the Repub‐
lic of Slovenia and the Slovak Republic to the European
Union and their respective NCBs becoming part of the
European System of Central Banks (ESCB) on 1 May 2004,
Decision ECB/2004/5 of 22 April 2004 on the national
central banks’ percentage shares in the key for subscription
to the European Central Bank’s capital (2) establishes with
effect from 1 May 2004 the weightings assigned to the par‐
ticipating NCBs in the key for subscription to the ECB’s
expanded capital (hereinafter the capital key weightings
and the capital key respectively).

Each participating NCB shall pay up its subscription to the ECB’s
capital in full on 1 May 2004. Taking into account the capital key
weightings described in Article 2 of Decision ECB/2004/5, each
participating NCB shall therefore pay up on 1 May 2004 the
amount shown next to its name in the following table:

Participating NCB

(EUR)

Nationale Bank van België/Banque Nationale
de Belgique

Deutsche Bundesbank

Bank of Greece

Banco de España

Banque de France

Central Bank and Financial Services
Authority of Ireland

Banca d’Italia

Banque centrale du Luxembourg

De Nederlandsche Bank

Oesterreichische Nationalbank

Banco de Portugal

Suomen Pankki

141 910 195,14

1 176 170 750,76

105 584 034,30

432 697 551,32

827 533 093,09

51 300 685,79

726 278 371,47

8 725 401,38

222 336 359,77

115 745 120,34

98 233 106,22

71 711 892,59

Article 2

Adjustment of paid‐up capital

The ECB’s subscribed capital will be EUR 5564 669247,19
from 1 May 2004.

The expanded capital key requires the adoption of a new
ECB decision repealing Decision ECB/2003/18 with effect
from 1 May 2004 and determining how and to what extent
the participating NCBs should pay up the ECB’s capital
on 1 May 2004,

Each participating NCB has already paid up its share of the ECB’s
subscribed capital as applicable until 30 April 2004 under Deci‐
sion ECB/2003/18. In view of this fact, either a participating NCB
shall transfer an additional amount to the ECB, or the ECB shall
transfer an amount back to a participating NCB, as appropriate,
in order to arrive at the amounts shown in the table in Article 1.
These transfers shall be made according to the terms and condi‐
tions set out in Decision ECB/2004/7 of 22 April 2004 laying
down the terms and conditions for transfers of the European Cen‐
tral Bank’s capital shares between the national central banks and
for the adjustment of the paid‐up capital (3).

(1) OJ L 9, 15.1.2004, p. 29.
(2) See page 5 of this Official Journal.

(3) See page 9 of this Official Journal.

Whereas:

(1)

(2)

(3)

(4)

L 205/8

EN

Official Journal of the European Union

9.6.2004

Article 3

Final provisions

Done at Frankfurt am Main, 22 April 2004.

1.

This Decision shall enter into force on 23 April 2004.

Decision ECB/2003/18 is hereby repealed with effect

2.
from 1 May 2004.

The President of the ECB

Jean‐Claude TRICHET