Section 3: Statistical Appendix

Transcription

1 Section 3: Statistical Appendix Page Economic and Monetary Union (EMU) and Money and Banking Statistics 3 List of Reporting Institutions 5 PART 1 Table SECTION A: MAIN MONETARY INDICATORS A1 Official External Reserves 11 A2 Domestic Credit (to Irish Residents): 1. Components Selected Measures 13 A3 Irish Contribution to Euro Area Money Supply: 1. Components Memorandum Items: Non-Monetary Liabilities of Irish Monetary Financial Institutions Selected Measures of Irish Contribution 15 A4 Currency Outstanding 16 SECTION B: INTEREST RATES AND EXCHANGE RATES AND BALANCE OF PAYMENTS B1 Selected Lending Rates 18 B2 Deposit and Other Selected Interest Rates 19 B3 Selected International Interest Rates 20 B4 Trade-Weighted Competitiveness Indicators for Ireland 21 B5 Exchange Rates: End of Period 22 B6 Exchange Rates: Period Averages 23 B7 Balance of Payments 24 SECTION C: BANKING AND OTHER FINANCIAL INSTITUTIONS C1 Irish Monetary Sector: Consolidated Balance Sheet 27 C2 Financial Statement of the Central Bank & Financial Services Authority of Ireland 28 C3 Credit Institutions: Aggregate Balance Sheet 30 C4 Credit Institutions: Retail Clearing: Aggregate Balance Sheet 36 C5 Credit Institutions: Non-Clearing with predominantly Domestic Business: Aggregate Balance Sheet 42 C6 Credit Institutions: Non-Clearing with predominantly Foreign Business: Aggregate Balance Sheet 48 C7 Credit Institutions: Mortgage Lenders: Aggregate Balance Sheet 54 C8 All Credit Institutions: Sectoral Distribution of Advances 60 C9 All Credit Institutions: Sectoral Distribution of Advances and Deposits 62 C10 All Credit Institutions: International Business: Analysis by Currency, Sector and Maturity 64 C11 All Credit Institutions: International Business: Analysis by Geographic Area 66 C12 Credit Institutions: Selected Off-Balance-Sheet Business 68 C13 Analysis of Residential Mortgages vis-à-vis Irish Residents 69 C14 Credit Card Statistics 70 C15 Irish Stock Exchange 71 C16 Collective Investment Schemes Statistics 72 C17 Collective Investment Schemes Authorised by the Irish Financial Services Regulatory Authority Total Net Asset Values 73 1

2 Page SECTION D: PUBLIC FINANCES D1 Government Debt and Government-Guaranteed Debt 77 D2 Government Bonds Nominal Holdings 78 D3 Servicing and Currency Composition of Government Non-Euro Debt 79 D4 Government Revenue, Expenditure and Borrowing 80 D5 Source and Application of Exchequer Funds 81 D6 Government Savings Schemes: Amounts Outstanding 82 D7 Exchequer Bills and Exchequer Notes 83 D8 Sources of Funds for Servicing Government Debt 84 SECTION E: ECONOMIC INDICATORS E1 Price Indices 86 E2 Indices of Relative Wage Costs in Manufacturing Industry 87 Explanatory Notes 89 PART 2 Table 1.1 Consolidated Financial Statement of the Eurosystem Key ECB Interest Rates Eurosystem Monetary Policy Operations Allotted through Tenders Minimum Reserve Statistics Aggregated Balance Sheet of the Euro Area MFIs, excluding the Eurosystem Consolidated Balance Sheet of the Euro Area MFIs, including the Eurosystem Monetary Aggregates Stock Market Indices Retail Bank Interest Rates 116 2

3 Economic and Monetary Union (EMU) and Money and Banking Statistics EMU necessitated major changes in the statistics which the Bank publishes. The Statistical Appendix is now divided into two parts: part 1 provides a number of tables containing data from January 1999 which mainly refer to Ireland; and part 2 contains euro-area statistics published by the European Central Bank (ECB). With the exception of Table A4: Currency Outstanding data in part 1 are denominated in euro. The layout and design of many tables have also been changed since the start of The most significant changes are set out below. Since 1 January 1999, the Official External Reserves (OERs) (Table A1) comprise gold, SDRs, the reserve position at the IMF and foreign currency, i.e., non-euro balances. Previously all foreign currency, i.e., non Irish-pound balances, were included. Table A2: Domestic Credit (to Irish Residents) continues to refer to credit extended by credit institutions resident in the State to residents of Ireland only. The Irish pound versus foreign currency analysis has been replaced by a euro versus non-euro analysis and a division between central government and other general government has been introduced. Finally, the selected measures of domestic credit have been changed with total euro credit replacing Irish pound credit. Table A3: Irish Contribution to Euro-Area Money Supply presents Irish credit institutions contribution to three euro area monetary aggregates, namely narrow money (M1), intermediate money (M2) and broad money (M3). The most important of these is the broad money aggregate, M3, which includes deposits and debt securities with a maturity of up to two years. This is in contrast to the previously published aggregate M3E which did not have a maturity cut-off point for deposits or debt securities. In addition, the new monetary aggregates refer to deposits of Irish credit institutions from residents of Ireland and other monetary union member states; M3E referred to Irish residents only. A new Table A4: Currency Outstanding has been introduced. This is the only table in part 1 which includes Irish pound data (euro equivalents are also provided). The lending and deposit facilities offered by the Bank were renamed in January 1999 and this has been reflected in Tables B1 and B2. Tables B5 and B6 now only refer to countries outside the euro area and exchange rates are presented in units per euro. Tables C1: Irish Monetary Sector remains unchanged while C2: Financial Statement of the Central Bank and Financial Services Authority of Ireland replaces C2: Central Bank Summary Statement of Assets and Liabilities, i.e., it has been changed to the same format as the ESCB s Consolidated Financial Statement. Tables C3 to C7 continue to present balance sheets for all credit institutions and a number of subcategories. However, the categories of assets and liabilities have been amended to reflect the terminology used by the ECB, e.g., a new analysis by Irish, other monetary union and rest of world residency, deposits from MFIs has replaced deposits from credit institutions, maturity analysis of debt securities etc. Detailed definitions of the concepts in each table in part 1 can be found in the Explanatory Notes on pages 89 to 99. Users should refer to the ECB Monthly Bulletin for further details on the data published in part 2. Please note that while data up to December 1998 can be converted to euro using the fixed exchange rate of 1 euro equals Irish pounds, users should exercise caution when comparing tables or series as the underlying definitions or concepts may have changed. 3

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5 Reporting Institutions The following is a list of institutions currently submitting returns included under the headings in the Statistical Appendix. Credit Institutions: Retail Clearing Allied Irish Banks plc The Governor and Company of the Bank of Ireland National Irish Bank Limited Ulster Bank Ireland Limited Credit Institutions: Non-Clearing with Predominantly Domestic Business ABN AMRO Bank N.V. ACC Bank plc AIB Capital Markets plc AIB Finance Limited Anglo Irish Bank Corporation plc Bank of America National Association Bank of Scotland (Ireland) Limited BNP Paribas Citibank International plc CitiFinancial Europe plc DePfa Bank plc EBS Building Society FCE Bank plc First Active plc HFC Bank plc ICS Building Society IIB Bank Limited Investec Bank (UK) Limited Investment Bank of Ireland Limited, The Irish Life & Permanent plc Irish Nationwide Building Society Marks & Spencer Financial Services Limited maxblue Limited MBNA Europe Bank Limited National Irish Investment Bank Limited Northern Rock plc Credit Institutions: Non-Clearing with Predominantly Foreign Business Aareal Bank AG Bankinter S.A. Bank of Bermuda (Europe) plc Bank of Montreal Ireland plc Bankgesellschaft Berlin (Ireland) plc Barclays Bank plc Bear Stearns Bank plc BNP Paribas Securities Services BW Bank Ireland plc Caja de Ahorros Y Monte de Piedad de Madrid Citco Bank Nederland N.V. Citibank Ireland Financial Services plc Commerzbank Europe (Ireland) Commerzbank International (Ireland) Crédit Agricole Investor Services Bank Luxembourg Daiwa Securities Trust and Banking (Europe) plc DePfa ACS Bank DePfa-Bank Europe plc Dexia Banque Belgique Dexia Banque Internationale à Luxembourg S.A. Dexia Crédit Local Dresdner Bank (Ireland) plc DZ-Bank Ireland plc Europäische Hypothekenbank S.A. Garras Bank Naspa Dublin GMAC Commercial Mortgage Bank plc Helaba Dublin Landesbank Hessen-Thüringen International Hewlett-Packard International Bank plc HSBC Bank plc HVB Bank Ireland 5

6 Credit Institutions: Non-Clearing with Predominantly Foreign Business (Continued) ING Bank N.V. ING Belgium SA Intesa Bank Ireland plc J.P. Morgan Bank (Ireland) plc KBC Bank N.V. Dublin Branch KBL Bank Ireland Landesbank Hessen-Thüringen Girozentrale LGT Bank in Liechtenstein (Ireland) Limited Merrill Lynch Capital Markets Bank Limited Merrill Lynch International Bank Limited Pfizer International Bank Europe Rabobank Ireland plc Rabobank Nederland Rheinhyp Bank Europe plc Sachsen LB Europe plc Sanpaolo IMI Bank Ireland plc Scotiabank (Ireland) Limited Société Générale SA UniCredito Italiano Bank (Ireland) plc Volkswagen Bank GmbH WestLB Covered Bond Bank plc WestLB Ireland plc WGZ-Bank Ireland plc Zurich Bank Credit Institutions: Mortgage Lenders ACC Bank plc Allied Irish Banks plc The Governor and Company of the Bank of Ireland EBS Building Society First Active plc ICS Building Society IIB Bank Limited* Irish Life & Permanent plc Irish Nationwide Building Society National Irish Bank Limited Ulster Bank Ireland Limited Post Office Savings Bank Hire-Purchase Finance Companies Arrow Trust Limited Cresington Finance Limited Entara Limited Euro Finance Limited Everyday Finance Limited Exchange Finance Limited Fiat Auto Finance Limited M.J. Flood (Leasing) Limited General Finance Trust Limited ICC Finance Limited Irish Permanent Finance Limited Kimberley Finance Limited Livestock Credit Corporation Limited National Carways Limited National Carways Investment Society National Credit Finance Limited Shannon International Leasing and Financial Services Limited Smurfit Finance Limited Smurfit Leasing Limited West European Credit Finance Limited Western Finance Company Limited Woodchester Finance Limited Woodchester Leaseline Limited *Includes residential mortgage business vis-à-vis IIB Homeloans Limited. 6

7 Part 1 Part 1 contains data for series beginning in January These data are denominated in euro.

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9 Section A Main Monetary Indicators

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11 Table A1: Official External Reserves \ million Gold SDRs Reserve Foreign Total position exchange End-month dates in IMF 2002 May ,197 5,741 June ,660 5,210 July ,680 5,229 August ,709 5,267 September ,750 5,351 October ,727 5,322 November ,749 5,342 December ,653 5, January ,673 5,230 February ,173 3,732 March ,721 3,253 April ,722 3,281 May ,697 3,257 June ,716 3,232 July ,646 3,162 11

12 Table A2: Domestic Credit (to Irish Residents) \ million 2003 Return dates 28 Feb. 31 Mar. 30 Apr. 30 May 30 June 31 July 1. Components Credit Institutions: Retail Clearing 1. Loans to other residents (non-mfi a, non-government entities) 63,819 65,228 66,763 66,778 68,029 68, Euro b 53,788 54,993 56,251 57,175 58,085 58, Non-euro 10,032 10,235 10,512 9,603 9,945 9, Holdings of securities, shares and other equity issued by other residents 1, Securities Euro Non-euro Shares and other equity Euro Non-euro General Government credit (central, regional and local) 4,012 3,980 4,070 3,967 4,084 4, Loans Euro Non-euro 3.2 Securities 3,552 3,510 3,431 3,519 3,575 3, Euro 3,552 3,510 3,431 3,519 3,575 3, Non-euro 4. Accrued interest receivable on credit to other residents Euro Non-euro Credit Institutions: Non-Clearing 5. Loans to other residents (non-mfi, non-government entities) 71,618 73,182 72,564 72,704 72,512 73, Euro 60,347 60,124 60,134 61,174 61,266 62, Non-euro 11,271 13,058 12,430 11,530 11,246 11, Holdings of securities, shares and other equity issued by other residents 5,594 5,750 6,009 5,876 5,929 5, Securities 1,102 1,088 1,332 1,238 1,282 1, Euro , , Non-euro Shares and other equity 4,492 4,661 4,677 4,638 4,648 4, Euro 4,165 4,447 4,464 4,471 4,476 4, Non-euro General Government credit (central, regional and local) 1,256 1,033 1,065 1,046 1,032 1, Loans Euro Non-euro 7.2 Securities Euro Non-euro Accrued interest receivable on credit to other residents Euro Non-euro Central Bank 9. Government credit 9.1 Certificates of indebtedness 10. Government deposits 3,797 3,370 3,743 4,548 4,948 5,163 Other 11. Direct net external Government borrowing from 1 Jan. each year , Uptake of Government securities by non-irish residents from 1 Jan. each year n.a. n.a. n.a. n.a. n.a. n.a. 13. Non-euro lending by credit institutions to non-mfi IFSC companies 12,701 14,184 14,574 13,882 14,193 14, Total lending by credit institutions to non-mfi IFSC companies 20,502 21,158 21,423 20,721 20,914 21,049 a See Explanatory Notes for detailed definitions. b Euro/non-euro refers to currency of the loan. 12

13 Total euro credit Private-sector credit Residential mortgage lending ( ( ) ) Amount Unadjusted Amount Unadjusted Adjusted a Outstanding Unadjusted Adjusted year-to-year year-to-year year-to-year level b year-to-year year-to-year change change change change change c \ million % \ million % \ million % 2. Selected Measures March 85, , , June 85, , , September 91, , , December 94, , , January 96, , , February 96, , , March 97, , , April 100, , , May 100, , , June 101, , , July 101, , , August 102, , , September 104, , , October 104, , , November 106, , , December 107, , , January 107, , , February 107, , , March 110, , , April 111, , , May 112, , , June 115, , , July 116, , , August 118, , , September 121, , , October 120, , , November 121, , , December 123, , , January 124, , , February 126, , , March 126, , , April 128, , , May 130, , , June 131, , , July 133, , , a This series excludes transactions between credit institutions and non-mfi IFSC companies and valuation effects arising from exchange-rate movements. b Data relate to residential mortgages as reported on the balance sheets of within-the-state offices of credit institutions, i.e., mortgages extended on a cross-border basis are not included. The total reported above is the same figure as that reported vis-à-vis Irish residents under Item 5.6 (Assets) of Table C3: Credit Institutions: Aggregate Balance Sheet and so does not include securitised mortgages. c The level of outstanding securitised mortgages (i.e., the initial amount of the securitisation less all repayments of capital made by the borrowers) has been added to the outstanding level of residential mortgages and a year-to-year change calculated in order more accurately to capture the indebtedness of Irish residents for housing purposes. However, as the securitised mortgages are no longer on the balance sheet of credit institutions, an adjusted series on the level of outstanding residential mortgages is not published. 13

14 Table A3: Irish Contribution to Euro Area Money Supply 2003 \ million 28 Feb. 31 Mar. 30 Apr. 30 May 30 June 31 July 1. Components a 1. Central Bank: currency in circulation b 4,944 5,091 5,210 5,507 5,664 5, Overnight deposits 18,928 19,270 19,421 19,744 20,395 20, Deposits with agreed maturity: up to 2 years 49,925 49,574 49,518 49,717 50,119 47, Deposits redeemable at notice: up to 3 months 33,154 33,283 33,472 32,660 33,523 33, Post Office Savings Bank deposits 913 e 922 e 928 e 936 e 944 e 953 e 6. Repurchase agreements Debt securities: up to 2 years maturity 31,251 30,674 32,828 32,518 33,198 33, Money market funds shares/units 16,125 15,908 16,661 15,235 18,141 20, Memorandum Items: Non-Monetary Liabilities of Irish Monetary Financial Institutions 9. Deposits with agreed maturity: over 2 years 13,467 13,463 13,691 13,301 13,551 13, Deposits redeemable at notice: over 3 months Debt securities: over 2 years maturity 9,348 6,508 7,195 1, , Capital and reserves 32,639 32,412 33,458 33,646 33,635 34,254 a Vis-à-vis residents of Ireland and other Monetary Union Members. b As of January 2003, Irish Pound banknotes and coin amounting to \456 million are no longer included in currency in circulation. This reclassification is in line with an agreed accounting practice for Eurosystem countries. 14

15 \ million M1 M2 M3 c Components 1+ 2 M M Amount Headline Amount Headline Amount Headline year-to-year year-to-year year-to-year change % change % change % 3. Selected Measures of Irish Contribution March 21, , , April 21, , , May 21, , , June 22, , , July 22, , , August 23, , , September 23, , , October 24, , , November 23, , , December 25, , , January 23, ,212 e 10 6 e 137,083 e 8 8 e 28 February 23, ,864 e 12 5 e 139,459 e 12 1 e 31 March 24, ,140 e 11 4 e 139,003 e 10 8 e 30 April 24, ,550 e 11 3 e 141,492 e 11 8 e 30 May 25, ,564 e 10 2 e 141,382 e 8 8 e 30 June 26, ,646 e 13 2 e 144,110 e 12 4 e 31 July 26, ,529 e 5 3 e 141,909 e 4 8 e c While MMF shares/units are included in the euro area broad money aggregate, M3, they have been excluded from the Bank s calculation of the Irish contribution (section 3 of the table) in order to maintain continuity in the statistical tables and to facilitate the calculation of a year-on-year growth rate in this series. The full contribution of MFIs resident in Ireland (i.e. including MMFs) to euro area M3 can be determined by aggregating components 1 to 8 in the table on the previous page. 15

16 Table A4: Currency Outstanding Denomination of Legal Tender Notes Last day of 10/ Total Euro equivalent 2001 June , , ,698 1,793,177 1,343, ,859 3,644,191 4,627,168 September , , ,538 1,694,439 1,410, ,991 3,587,734 4,555,483 December , , ,278 1,563,719 1,420, ,878 3,420,725 4,343, March ,128 41,710 51, ,130 74,990 15, , ,050 June ,073 38,368 44, ,058 43,668 9, , ,998 September ,026 37,491 43, ,724 37,379 6, , ,329 December ,010 37,122 42, ,491 34,699 6, , , March ,983 36,721 41,787 97,341 31,737 6, , ,536 June ,967 36,448 41,241 94,802 30,064 5, , , Denomination of Coins 1 50p 20p 10p 5p 2p 1p Total Euro equivalent 2001 June 148,025 44,497 39,113 24,975 22,982 11,226 9, , ,934 September 149,683 44,777 39,433 25,775 23,255 11,276 10, , ,304 December 149,709 45,063 39,900 25,777 23,667 11,297 10, , , March 67,818 20,833 27,863 25,776 23,666 8,239 8, , ,512 June 58,347 18,133 15,699 12,164 13,017 7,330 7, , ,929 September 56,940 18,038 15,699 12,052 12,890 7,036 7, , ,909 December 56,440 17,957 15,699 11,778 12,521 6,732 6, , , March 43,747 17,651 13,603 11,304 12,409 6,479 6, , ,115 June 41,412 15,636 13,347 10,047 11,401 6,331 6, , ,090 Notes 1. Consolidated bank notes ceased to be issued on 31 December 1953 and are in course of withdrawal from circulation. The value of these notes outstanding at 30 June 2003 amounted to IR 105,250; this is not included in the total of this table. 2. The issue of legal tender notes by clearing banks in the Republic of Ireland ceased in May These bank notes are in course of withdrawal from circulation. The value of such notes outstanding at 30 June 2003 amounted to IR 628,000; this is not included in the total of this table. 3. The total value of 1 2p, 5p (issued before 29 June 1992) and 10p (issued before 15 November 1991) coins still outstanding at 30 June 2003 amounted to IR million; this is not included in the total of this table. 16

17 Section B Interest Rates and Exchange Rates and Balance of Payments

18 Table B1: Selected Lending Rates Per cent per annum End-month Dec. Mar. June July Aug. 1. Eurosystem of Central Banks a Marginal lending facility Main refinancing operation (repo) b Retail Rates Ireland Clearing banks 2.1 Prime rate c Overdrafts and term loans d AA Overdrafts and term loans up to 1 year Over 1 year and up to 3 years Over 3 years and up to 5 years Over 5 years and up to 7 years A Overdrafts and term loans up to 1 year Over 1 year and up to 3 years House Purchase Loans Ireland g Standard variable rate (annuity) a On 5 June 2003, the ECB announced a decrease of 0 50 of a percentage point in these rates. b Changes in this rate are effective from the date of settlement of the first main refinancing operation following announcement of the change. The rate quoted is the minimum bid rate for main refinancing operations. c Rates are representative of those charged to large commercial customers for short-term borrowings. d The AA category includes borrowers in the primary and construction, manufacturing and services sectors, while the A category covers personal and related retail borrowings. TSB Bank (which was acquired by Irish Life & Permanent in 2001) is not included. g These are representative rates for the institutions in the category mortgage lenders. Bank of Scotland, which is not regulated by and does not report to the Central Bank & Financial Services Authority of Ireland, is included. 18

19 Table B2: Deposit and Other Selected Interest Rates Per cent per annum End-month Dec. Mar. June July Aug. 1. Eurosystem of Central Banks Deposit facility a Interbank Market Ireland b 2.1 Overnight month fixed month fixed Retail Rates Ireland c 3.1 Clearing Ordinary demand deposits Under \5, \5,000 to \25, \25,000 to \100, \100,000 and over Non-Clearing d Demand deposits Post Office Ordinary accounts Government Securities Market Ireland b Representative yields on Irish Government securities 2 years to maturity years to maturity years to maturity Equity Index ISEQ g (Base 4 Jan = 1,000) 3, , , , , a With effect from 6 June b The rates/yields shown under these headings are representative. c In addition to demand deposits financial institutions also offer a wide range of term deposit facilities, the interest rates on which move generally in line with interbank market rates. d The rates shown under this heading are representative rates from a number of non-clearing institutions with significant domestic retail business, including building societies. Irish Life & Permanent, which acquired one of the clearing banks (TSB Bank) in 2001, is included. g Irish Stock Exchange s equity index of all Official List and USM equities, excluding UK-registered companies. Note: Retail deposit interest rates are shown gross of income tax liability. Interest paid on or credited to Irish residents accounts is subject, with certain exceptions, to Deposit Interest Retention Tax. 19

20 Table B3: Selected International Interest Rates Per cent per annum Three-month Interest Rates Euro Sterling US dollar Japanese yen 2001 November December January February March a April May June July August September October November December b January February March April May June July August a Rates refer to Thursday, 28 March b Rates refer to 30 December Note: As far as possible, rates given in this table are those prevailing on the last Friday of each period. 20

21 Table B4: Trade-Weighted Competitiveness Indicators for Ireland 1999 Q1 = 100 Nominal TWCI Real TWCI Real TWCI (Deflated by consumer prices) (Deflated by producer prices) 1999 January February March April May June July August September October November December January February March April May June July August September October November December January February March April May June July August September October November December January February March April May June July August September October November December January February March April May June N/A N/A July N/A N/A August N/A N/A Note: A rise in an indicator implies a disimprovement in competitiveness while a fall in an indicator implies an improvement. 21

22 Table B5: Exchange Rates: End of Period Units per Euro Canada Denmark Japan Sweden Switzerland United United SDR (Dollar) (Krone) (Yen) (Krona) (Franc) Kingdom States (Pound) (Dollar) 2002 Q1 a Q Q Q Q Q September October November December January February March April May June July August Week ended July August a Rates refer to 28 March Note: Reference rates as published by the European Central Bank. The exchange rate quoted for the SDR is calculated by the IMF. 22

23 Table B6: Exchange Rates: Period Averages Units per Euro Canada Denmark Japan Sweden Switzerland United United SDR (Dollar) (Krone) (Yen) (Krona) (Franc) Kingdom States (Pound) (Dollar) Q Q Q Q Q Q September October November December January February March April May June July August Week ended July August Note: Reference Rates published by the European Central Bank. The exchange rate quoted for the SDR is calculated by the IMF. 23

24 Table B7: Balance of Payments \ million 2002 r 2003 Year Q2 Q3 Q4 Q1 Current account Merchandise a 37,014 9,175 9,712 8,616 7,534 Services 12,871 3,200 3,311 2,853 2,937 Income 25,914 6,577 6,705 6,705 5,591 Current transfers Balance on current account ,039 Balance on capital account Financial account Direct investment: 22,618 3,527 10,519 5,262 3,578 Equity 6, ,714 1,042 Reinvested earnings 14,646 3,951 3,157 5,086 4,380 Other capital 1, ,405 3, Portfolio investment: 42, ,378 13,730 8,157 Equity 46,896 17,694 9,663 5,272 10,001 Debt instruments 89,230 17,253 23,041 19,002 18,159 Bonds and notes 40,970 6,544 10,067 11,750 12,569 Money market instruments 48,262 10,709 12,974 7,252 5,591 Other investment: 19,286 2,713 4,251 8,367 2,401 Loans, currency and deposits 11,505 3,340 3,121 6,487 2,784 Other 7, ,131 1, Reserve assets b : ,818 Monetary gold Special drawing rights Reserve position in the IMF Foreign exchange ,793 Other Balance on financial account 87 1,491 1, Net errors and omissions 464 1, ,378 a Adjusted for balance-of-payments purposes. b Computed on a transactions basis, i.e., change in total reserves less valuation changes and allocation of SDRs. Source: Central Statistics Office. 24

25 Section C Banking and Other Financial Institutions

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27 Table C1: Irish Monetary Sector: Consolidated Balance Sheet \ million 2003 Return dates 28 Feb. 31 Mar. 30 Apr. 30 May 30 June 31 July Liabilities 1. Capital and reserves 22,937 22,826 23,394 23,447 22,820 22, Government deposits at Central Bank 3,797 3,370 3,742 4,547 4,945 5, Currency 4,944 5,091 5,210 5,507 5,664 5, Non-Government deposit accounts 100, , , , , , Interest payable on non-government deposits Other general government deposits Interest on general government deposits Net external liability of all credit institutions 17,815 18,145 17,585 17,542 17,068 17, Other liabilities 12,773 12,836 13,446 13,933 13,098 10,827 Total 164, , , , , ,680 Assets 1. Non-Government credit 142, , , , , , Accrued interest receivable on non-government credit Government credit 5,269 5,014 5,135 5,013 5,116 5, Official external reserves 3,732 3,253 3,281 3,257 3,232 3, Fixed assets 1,907 1,955 1,965 2,036 1,984 2, Other assets 10,032 8,041 8,582 10,138 9,095 5,155 Note: The data in the table relating to credit institutions refer only to their within-the-state offices. 27

28 Table C2: Financial Statement of the Central Bank and Financial Services Authority of Ireland a \ million 1. Assets Gold and Claims on Claims on Claims on Lending to of which: gold non-euro euro area non-euro area euro area receivables area residents residents in residents in credit Main Longer-term Fine-tuning in foreign foreign euro institutions refinancing refinancing reverse currency currency in euro operations operations operations July 62 5, ,665 4,766 5, August 62 5, ,814 5,630 5, September 62 5, ,188 5,831 4, October 63 5, ,628 6,271 4, November 63 5, ,631 6,054 2, December 63 5, ,159 8,683 2, January 63 5, ,988 7,951 3, February 63 3, ,517 7,549 3, March 63 3, ,731 7,813 4, April 59 3, ,236 9,318 4, May 59 3, ,384 7,495 5, June 59 3, ,414 7,250 6, July 58 3, ,707 10,543 6, Liabilities Banknotes Liabilities to of which: Other Debt in euro area liabilities to Certificates circulation credit Current Deposit Fixed-term Deposits Fine-tuning euro area issued institutions accounts facility deposits related to reverse credit in euro (covering the margin calls operations institutions minimum in euro reserve system) July 3,368 4,595 4, August 3,283 3,094 3, September 3,440 4,238 4, October 3,525 4,788 4, November 3,453 2,881 2, December 3,760 4,509 4, January 3,276 5,047 5, February 3,333 6,175 6, March 3,450 4,048 4, April 3,596 4,500 4, May 3,580 4,706 4, June 3,713 3,650 3, July 3,852 4,200 4, a Data relate to the last Friday of the month, except for December when they relate to the last working day. Note: An advance release calendar for the publication of the analytical accounts of the central bank and of the banking sector that meets the IMF s SDDS requirements is published on the IMF Bulletin Board (internet address:

29 1. Assets Other claims Securities of General Other Total on euro area euro area government assets assets Structural Marginal Credits credit residents in debt in euro reverse Lending related to institutions in euro operations Facility margin calls euro ,838 1,979 20, July 1,827 1,976 20, August 1,810 1,988 19, September 1,863 1,984 20, October 1,830 1,988 18, November 10 1,720 2,174 20, December ,745 2,107 20, January 1 2,541 2,834 21, February 2,709 3,048 22, March 3,279 2,496 23, April ,124 2,541 23, May 77 3,213 2,518 23, June 78 3,355 2,367 26, July 2. Liabilities Liabilities to Liabilities to Liabilities to Liabilities to Counterpart Revalua- Capital Other Total other euro non-euro area euro area non-euro area of Special tion and liabilities liabilities area residents residents in residents in residents in Drawing Rights accounts reserves in euro euro foreign foreign allocated by currency currency the IMF , ,283 4,409 20, July 5, ,296 6,525 20, August 5, ,305 3,945 19, September 4, ,317 5,505 20, October 4, ,253 4,928 18, November 3, ,230 6,666 20, December , ,213 6,639 20, January 3, ,217 5,838 21, February 3, ,220 9,388 22, March 3, ,224 9,995 23, April 4, ,232 8,249 23, May 3, ,237 9,936 23, June 5, ,211 11,318 26, July 29

30 Table C3: Credit Institutions: Aggregate Balance Sheet \ million 28 February 2003 Vis-à-vis Irish Other Monetary Rest of World Total residents Union residents residents Liabilities 1. Capital and reserves 22,657 6,129 5,516 34, Deposits from credit institutions and other MFIs a (excluding Central Bank) 38,228 67,175 87, , Deposits from Central Bank 11,517 11, Short-term 11,517 11, Other 4. Deposits from general government (central, regional and local) 1, ,612 4, Deposits from other residents (non-mfis, non-government entities) 100,780 14,482 25, , Overnight 18, , Agreed maturity: Up to and including 1 year 38,647 9,156 15,285 63,087 1 to 2 years 1, ,744 Over 2 years 10,195 3,272 1,439 14, Notice: Up to and including 3 months 31,280 1,695 4,341 37,316 of which: Demand accounts 23,930 1,676 3,447 29,053 Special Savings Accounts 2, ,352 Other notice up to and including 3 months 5, ,911 Over 3 months Repurchase agreements 344 2,618 2, Debt securities issued b 2,294 6,889 36,647 45, Up to and including 1 year 1,325 3,113 26,140 30, to 2 years ,462 2, Over 2 years 916 3,347 8,045 12, Remaining liabilities 10,379 8,015 46,358 64,752 Total liabilities 186, , , ,064 Assets 1. Holdings of notes and coin Loans to credit institutions and other MFIs a (excluding Central Bank) 38,228 28,654 44, , Balances with Central Bank 6, , Mandatory balances 6,603 6, Other Loans to general government (central, regional and local) 781 8,663 5,290 14, Loans to other residents (non-mfi, non-government entities) 136,867 29,733 36, , Overdrafts 5, , Repurchase agreements 1,104 3,302 4, Loans up to and including 1 year 17,931 1,479 4,360 23, Term/revolving loans 53,666 12,772 13,251 79, Instalment credit/hire-purchase/leases 3, , Residential mortgages 44, , Other mortgages 7, , Other loans and securities issued to other residents 2,548 14,357 14,841 31, Holdings of securities b 6,049 53,887 28,437 88, Issued by MFIs 1,562 22,365 16,816 40, Issued by general government 4,488 31,522 11,621 47, Exchequer notes 105 1,053 1,880 3, Securities 4,383 30,469 9,741 44, Holdings of shares and other equity 6,766 2,882 2,999 12, Issued by MFIs 1,300 2,232 1,675 5, Issued by other residents (non-mfi, non-government entities) 5, ,324 7, Fixed assets 1,856 1, Remaining assets 6,900 7,725 39,952 54,578 Total assets 204, , , ,064 a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b Money-market paper is included in the category Up to and including 1 year. 30

31 \ million 31 March 2003 Vis-à-vis Irish Other Monetary Rest of World Total residents Union residents residents Liabilities 1. Capital and reserves 22,688 6,160 5,215 34, Deposits from credit institutions and other MFIs a (excluding Central Bank) 34,917 69,867 86, , Deposits from Central Bank 12,730 12, Short-term 12,730 12, Other 4. Deposits from general government (central, regional and local) 1, ,379 4, Deposits from other residents (non-mfis, non-government entities) 100,524 14,482 23, , Overnight 19, , Agreed maturity: Up to and including 1 year 37,457 9,429 14,576 61,463 1 to 2 years 1, ,744 Over 2 years 10,211 3,252 1,404 14, Notice: Up to and including 3 months 31,610 1,433 4,798 37,841 of which: Demand accounts 24,202 1,415 3,918 29,536 Special Savings Accounts 2, ,313 Other notice up to and including 3 months 5, ,992 Over 3 months Repurchase agreements 189 2,208 2, Debt securities issued b 2,202 11,049 36,122 49, Up to and including 1 year 1,219 3,159 25,542 29, to 2 years ,463 3, Over 2 years 931 7,235 8,117 16, Remaining liabilities 10,426 7,758 45,476 63,660 Total liabilities 184, , , ,554 Assets 1. Holdings of notes and coin Loans to credit institutions and other MFIs a (excluding Central Bank) 34,917 31,051 43, , Balances with Central Bank 5, , Mandatory balances 5,729 5, Other Loans to general government (central, regional and local) ,014 5,348 15, Loans to other residents (non-mfi, non-government entities) 139,895 30,153 35, , Overdrafts 6, , Repurchase agreements 641 1,787 2, Loans up to and including 1 year 19,134 1,395 4,696 25, Term/revolving loans 54,599 12,894 13,147 80, Instalment credit/hire-purchase/leases 3, , Residential mortgages 45, , Other mortgages 7, , Other loans and securities issued to other residents 2,615 14,793 15,080 32, Holdings of securities b 6,124 54,845 28,477 89, Issued by MFIs 1,704 23,504 16,776 41, Issued by general government 4,420 31,340 11,701 47, Exchequer notes 84 1,086 1,933 3, Securities 4,337 30,254 9,767 44, Holdings of shares and other equity 6,562 3,517 2,842 12, Issued by MFIs 1,323 2,231 1,660 5, Issued by other residents (non-mfi, non-government entities) 5,239 1,286 1,182 7, Fixed assets 1, , Remaining assets 6,429 7,639 38,727 52,796 Total assets 202, , , ,554 a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b Money-market paper is included in the category Up to and including 1 year. 31

32 Table C3: Credit Institutions: Aggregate Balance Sheet \ million 30 April 2003 Vis-à-vis Irish Other Monetary Rest of World Total residents Union residents residents Liabilities 1. Capital and reserves 23,425 6,284 5,387 35, Deposits from credit institutions and other MFIs a (excluding Central Bank) 35,123 72,840 83, , Deposits from Central Bank 12,461 12, Short-term 12,461 12, Other 4. Deposits from general government (central, regional and local) 1, ,108 4, Deposits from other residents (non-mfis, non-government entities) 101,462 13,928 26, , Overnight 19, , Agreed maturity: Up to and including 1 year 38,469 9,200 16,018 63,687 1 to 2 years 1, ,379 Over 2 years 10,440 3,245 1,614 15, Notice: Up to and including 3 months 31,891 1,379 4,566 37,836 of which: Demand accounts 24,425 1,361 3,704 29,490 Special Savings Accounts 2, ,294 Other notice up to and including 3 months 5, ,053 Over 3 months Repurchase agreements 115 2,396 2, Debt securities issued b 2,311 11,717 37,441 51, Up to and including 1 year 1,344 3,864 26,265 31, to 2 years ,981 3, Over 2 years 916 7,248 8,195 16, Remaining liabilities 10,598 6,636 45,628 62,861 Total liabilities 186, , , ,978 Assets 1. Holdings of notes and coin Loans to credit institutions and other MFIs a (excluding Central Bank) 35,123 29,220 46, , Balances with Central Bank 5, , Mandatory balances 5,284 5, Other Loans to general government (central, regional and local) ,212 6,361 17, Loans to other residents (non-mfi, non-government entities) 141,057 32,348 35, , Overdrafts 5, , Repurchase agreements 729 1,333 2, Loans up to and including 1 year 19,850 1,192 3,625 24, Term/revolving loans 54,903 12,572 12,905 80, Instalment credit/hire-purchase/leases 3, , Residential mortgages 45, , Other mortgages 8, , Other loans and securities issued to other residents 2,882 17,539 16,752 37, Holdings of securities b 6,160 54,822 28,408 89, Issued by MFIs 1,824 24,012 16,594 42, Issued by general government 4,336 30,810 11,814 46, Exchequer notes ,327 1, Securities 4,279 30,805 10,486 45, Holdings of shares and other equity 6,756 2,308 2,805 11, Issued by MFIs 1,491 2,228 1,624 5, Issued by other residents (non-mfi, non-government entities) 5, ,181 6, Fixed assets 1, , Remaining assets 6,634 8,522 38,441 53,598 Total assets 204, , , ,978 a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b Money-market paper is included in the category Up to and including 1 year. 32

33 \ million 30 May 2003 Vis-à-vis Irish Other Monetary Rest of World Total residents Union residents residents Liabilities 1. Capital and reserves 23,249 6,979 5,047 35, Deposits from credit institutions and other MFIs a (excluding Central Bank) 37,051 69,157 83, , Deposits from Central Bank 13,383 13, Short-term 13,383 13, Other 4. Deposits from general government (central, regional and local) 1, ,807 5, Deposits from other residents (non-mfis, non-government entities) 101,362 13,572 24, , Overnight 19, , Agreed maturity: Up to and including 1 year 39,198 8,722 15,355 63,274 1 to 2 years 1, ,288 Over 2 years 10,048 3,248 1,544 14, Notice: Up to and including 3 months 30,959 1,499 4,799 37,257 of which: Demand accounts 23,539 1,482 4,008 29,030 Special Savings Accounts 2, ,271 Other notice up to and including 3 months 5, ,956 Over 3 months Repurchase agreements 300 1,755 2, Debt securities issued b 2,986 12,707 40,865 56, Up to and including 1 year 2,036 4,704 25,087 31, to 2 years ,470 3, Over 2 years 901 7,299 13,308 21, Remaining liabilities 10,478 9,025 52,565 72,068 Total liabilities 190, , , ,965 Assets 1. Holdings of notes and coin Loans to credit institutions and other MFIs a (excluding Central Bank) 37,051 32,189 46, , Balances with Central Bank 5, , Mandatory balances 5,134 5, Other Loans to general government (central, regional and local) ,025 6,378 16, Loans to other residents (non-mfi, non-government entities) 141,105 32,759 36, , Overdrafts 6, , Repurchase agreements 720 2,887 3, Loans up to and including 1 year 19,257 1,173 3,581 24, Term/revolving loans 54,427 12,706 12,588 79, Instalment credit/hire-purchase/leases 3, , Residential mortgages 46, , Other mortgages 8, , Other loans and securities issued to other residents 2,778 17,829 16,404 37, Holdings of securities b 6,242 54,663 28,568 89, Issued by MFIs 1,784 23,940 16,296 42, Issued by general government 4,458 30,723 12,272 47, Exchequer notes ,653 1, Securities 4,336 30,713 10,619 45, Holdings of shares and other equity 6,486 2,257 2,754 11, Issued by MFIs 1,263 2,222 1,559 5, Issued by other residents (non-mfi, non-government entities) 5, ,196 6, Fixed assets 1, , Remaining assets 8,290 8,484 43,167 59,941 Total assets 207, , , ,965 a Other MFIs comprise financial institutions whose business is to receive deposits or close substitutes for deposits. b Money-market paper is included in the category Up to and including 1 year. 33