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Boletín Estadístico

Notes to the tables of chapter 7: Banco de España

Table 7.B

  1. According to ESA 95, gold and SDRs are not liabilities of any sector.
  2. Monetary analysis requires that coins (which are issued by the State, i.e. they are a liability of the State) should appear under Banco de España liabilities, so as to be able to calculate cash in circulation. The counterpart of this formal entry is under receivables on the asset side. Here both entries have been eliminated, their presence being meaningless when, as in this case, it is sought to reflect the financial position of the Banco de España.
  3. In ESA 95, holdings of SDRs created by the IMF to increase its members' reserve assets are recorded on the asset side of the central bank balance sheet. These holdings which, like gold, are negative financial assets (instead of liabilities) of the Rest of the World, can be used in transactions with the IMF and with other members of the System. In the FASE, allocations of SDRs are not liabilities vis-à-vis the IMF but a change in the volume of flows of holdings. This is why they have to be deducted from liabilities, which entails greater 'own funds' for the Banco de España.

Table 7.C

  1. See notes to table 7.2, columns 6 to 8.

Table 7.1

  1. See breakdown in tables 7.3 and 7.4.
  2. See breakdown in table 7.5.
  3. See breakdown in table 7.11.

Table 7.2

  1. See breakdown in tables 7.7 and 7.8.
  2. See breakdown in table 7.12.
  3. Including, since January 2002, the percentage of all euro banknotes in circulation allocated to the Banco de España under the accounting system established for the Eurosystem (see note to the summary balance sheet PDF File: Link in a new window at the end of this bulletin), as well as unreturned peseta banknotes. From January 2003, only the amount of banknotes allocated by the Eurosystem is included here.
  4. From January 2003, only the amount of euro coins is included here.
  5. Comprising the notes and coins actually put into circulation by the Banco de España (see tables 7.14 to 7.17).

Table 7.3

  1. See breakdown in table 7.4.

Table 7.5

  1. See breakdown in table 7.6.

Table 7.7

  1. See breakdown in table 7.8.

Table 7.9

  1. See breakdown in table 7.10.

Table 7.12

  1. Until December 1998 repos are included in column 3 as separate data were not available.

Table 7.13

  1. The design of this table follows the IMF’s Special Data Dissemination Standard (SDDS) and is, thus, an alternative to that of tables 7.1 and 7.2.

Table 7.16

  1. The euro banknotes distributed by the Banco de España do not coincide with the percentage of the total value of euro banknotes in circulation that corresponds to the Banco de España under the rules for allocation of banknotes in the Eurosystem (see table7.2 and the note to the summary balance sheet PDF File: Link in a new window included at the end of this publication).
  2. Since January 2003, this total for euro banknotes, plus the total for euro coins placed in circulation by the Banco de España (table 7.17, column 1), make up the cash placed in circulation by the Banco de España (table 7.2, column 16). Until December 2002, the cash placed in circulation by the Banco de España is made up of the total for euro banknotes, plus the total for euro coins placed in circulation, plus unreturned peseta banknotes and coins (table 7.16, column 16 and table 7.17, column 17).

Table 7.17

  1. Since January 2003, this total for euro coins, plus the total for banknotes placed in circulation by the Banco de España (table 7.16, column 1) make up the cash placed in circulation by the Banco de España (table 7.2, column 16). Until December 2002, the cash placed in circulation by the Banco de España is made up of the total for euro banknotes, plus the total for euro coins placed in circulation, plus unreturned peseta banknotes and coins (table 7.16, column 16 and table 7.17, column 17).

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