2014/32/EU: Decision of the European Central Bank of 29 August 2013 on the paying-up of the European Central Bank’s capital by the national central banks of Member States whose currency is the euro (ECB/2013/30)

21.1.2014 EN Official Journal of the European Union L 16/61
DECISION OF THE EUROPEAN CENTRAL BANK
of 29 August 2013
on the paying-up of the European Central Bank’s capital by the national central banks of Member States whose currency is the euro
(ECB/2013/30)
(2014/32/EU)
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 Article 28.3 thereof,
Whereas:
(1) Decision ECB/2013/19 of 21 June 2013 on the paying-up of the European Central Bank’s capital by the national central banks of Member States whose currency is the euro (1) determined how and to what extent national central banks (NCBs) of Member States whose currency is the euro (hereinafter ‘euro area NCBs’) were under an obligation to pay up the capital of the European Central Bank (ECB) on 1 July 2013.
(2) Decision ECB/2013/28 of 29 August 2013 on the national central banks’ percentage shares in the key for subscription to the European Central Bank’s capital (2) provides for the adjustment of the key for subscription to the ECB’s capital (hereinafter the ‘capital key’) in accordance with Article 29.3 of the Statute of the European System of Central Banks and of the European Central Bank and establishes with effect from 1 January 2014 the new weightings assigned to each NCB in the adjusted capital key (hereinafter the ‘capital key weightings’).
(3) The ECB’s subscribed capital will be EUR 10 825 007 069,61 from 1 January 2014.
(4) The adjustment of the ECB’s capital key requires the adoption of a new ECB decision repealing Decision ECB/2013/19 with effect from 1 January 2014, and determining how and to what extent the euro area NCBs are under an obligation to pay up the ECB’s capital with effect from 1 January 2014.
(5) Pursuant to Article 1 of Council Decision 2013/387/EU of 9 July 2013 on the adoption by Latvia of the euro on 1 January 2014 (3), in accordance with Article 140(2) of the Treaty on the Functioning of the European Union, Latvia fulfils the necessary conditions for adoption of the euro and the derogation granted to it under Article 4 of the 2003 Act of Accession (4) will be abrogated with effect from 1 January 2014.
(6) Latvijas Banka’s obligation to pay up the remaining share of its subscription to the ECB’s capital with effect from 1 January 2014, taking into account the adjusted capital key, will be laid down in a separate decision of the Governing Council on the paying-up of capital, transfer of foreign reserve assets and contributions by Latvijas Banka to the European Central Bank’s reserves and provisions,