The combined effect of the two adjustments was to reduce these balances from Euros 40.5 to Euros 39.8 billion .

The allotment volumes varied between Euros 5 billion and Euros 172 billion , with the average amounting to Euros 79 billion .

The allotment volumes varied between Euros 35 billion and Euros 128 billion , with the average amounting to Euros 80 billion .

to Euros 224 billion ) and a decrease in the net liability position in other investment ( from Euros 241 billion to Euros 212 billion ) .

In 2003 the allotment volumes in MROs ranged from Euros 38.0 billion to Euros 150.0 billion , with an average volume of Euros 95.9 billion .

As the regular monthly LTROs were conducted as usual , the total amount of refinancing provided via LTROs increased from Euros 150 billion ( three allotments of Euros 50 billion ) to Euros 265 billion , while the size of the MROs decreased correspondingly from around Euros 300 billion to below Euros 200 billion .

The allotment volume for each operation increased from Euros 25 to Euros 30 billion in January 2005 and to Euros 40 billion in January 2006 .

The allotment volume in each operation was increased from Euros 30 billion to Euros 40 billion in January 2006 and to Euros 50 billion in January 2007 .

The highest amounts ( in terms of value ) were denominated in Italian lire ( Euros 1.7 billion ) , Dutch guilders ( Euros 1.1 billion ) and Austrian schillings ( Euros 0.8 billion ) .

INTEREST INCOME ARISING FROM THE ALLOCATION OF EURO BANKNOTES WITHIN THE EUROSYSTEM This item consists of the interest income relating to the ECB 's share in the total euro banknote issue .

The value of the ECB 's net foreign reserve assets 6 at current exchange rates and market prices increased from Euros 42.3 billion at end 2006 to Euros 42.8 billion at end 2007 , of which Euros 32.1 billion was in foreign currencies the Japanese yen and the US dollar and Euros 10.7 billion was in gold and SDRs .

On average , reserve requirements stood at Euros 146.5 billion , excess reserves at Euros 0.8 billion and autonomous factors at Euros 230.1 billion .

On average , reserve requirements stood at Euros 163.7 billion , excess reserves at Euros 0.7 billion and autonomous factors at Euros 257.9 billion .

In 2005 the amounts allotted in MROs ranged from Euros 259.0 billion to Euros 333.5 billion .

In 2006 the amounts allotted in MROs ranged from Euros 280 billion to Euros 338 billion .

In 2004 the ECB 's own funds portfolio grew by Euros 0.3 billion to Euros 6.2 billion .

at the end of 2005 , they amounted to around Euros 279 billion , of which Euros 111 billion was in foreign exchange assets and Euros 168 billion in gold , SDRs and IMF reserve positions .

The ECB earned a surplus of Euros 2.22 billion in 2009 , as compared with a surplus of Euros 2.66 billion in 2008 .

This decrease in the deficit resulted mainly from a rise in the goods surplus from Euros 11.7 billion in 2000 to Euros 74.1 billion in 2001 , together with a change in the services deficit ( Euros 5.2 billion ) to a surplus ( Euros 1.5 billion ) over the same period .

It is higher than those of neighboring regions, such as mainland China (0.447), South Korea (0.316) and Singapore (0.425).

The average daily use of the deposit facility was Euros 109 billion ( compared with Euros 0.5 billion in 2007 and Euros 208.5 billion in the period from 9 October until 31 December 2008 ) .

The latter increased from ECU 102.6 billion in 1998 to Euros 147.2 billion in 1999

As a result , the ECB allotted Euros 348.6 billion , which was Euros 168.1 billion more than the benchmark amount .

Other financial assets The main components of this item are as follows ( a ) Securities of euro area residents denominated in euro , valued at Euros 5.4 billion ( 2001 Euros 4.4 billion see note 4 ) .

Other interest income and Other interest expense These items include interest income of Euros 1.6 billion ( 2004 Euros 1.2 billion ) and expenses of Euros 1.5 billion ( 2004 Euros 1.1 billion ) on balances arising from TARGET .

France and Italy follow with Euros 61.8 billion and Euros 35.4 billion respectively ( see Chart B ) .

While the first six LTROs in 2000 had a volume of Euros 20 billion , the last six amounted to Euros 15 billion .

In reaction to this , the ECB decided to provide the banking system for some time with slightly more liquidity than needed , which helped to bring the spread back down to more normal levels in the autumn .

At the time, the world s population was two billion now it is seven billion.

In addition , in 2008 this item included a liability to the Swiss National Bank amounting to Euros 15.4 billion that arose from the placement with the ECB of euro funds received by the Swiss National Bank from operations with other counterparties .

Assets held in custody through the CCBM increased from Euros 298 billion at the end of 2004 to Euros 353 billion at the end of 2005 .

Assets held in custody through the CCBM increased from Euros 259 billion at the end of 2003 to Euros 298 billion at the end of 2004 .

Assets held in custody through the CCBM increased from Euros 414 billion at the end of 2006 to Euros 558 billion at the end of 2007 .

Assets held in custody through the CCBM decreased from Euros 713 billion at the end of 2008 to Euros 569 billion at the end of 2009 .

This will enrich the ex post analysis of performance and allow policymakers to reflect on clear trends and patterns .

At the end of 2003 the ECB 's own funds portfolio amounted to Euros 5.9 billion , compared with Euros 5.6 billion at the end of 2002 .

The value of the ECB 's net foreign reserve assets 3 at current exchange rates and market prices increased from Euros 49.5 billion at end 2008 to Euros 51 billion at end 2009 , of which Euros 38.3 billion was in foreign currencies the Japanese yen and the US dollar and Euros 12.7 billion was in gold and SDRs .

The total number of euro banknotes issued amounted to 31.3 billion , while 30.6 billion were returned to the NCBs .

The Governing Council may decide to adjust the allotment amount again at the beginning of 2007 . 14 JANUARY 2005 The Governing Council of the ECB decides to increase the allotment amount for each of the longer term refinancing operations to be conducted in the year 2005 from Euros 25 billion to Euros 30 billion .

In total , national banknotes in circulation fell by Euros 110 billion during the course of 2001 to Euros 270 billion at the end of the year .

The value of the portfolio at current market prices grew from Euros 6.4 billion at end 2005 to Euros 7.5 billion at end 2006 .

The value of the portfolio at current market prices grew from Euros 7.5 billion at end 2006 to Euros 9.3 billion at end 2007 .

The value of the portfolio at current market prices grew from Euros 10.2 billion at end 2008 to Euros 11.8 billion at end 2009 .

A reduction in the loan ceiling from 16 billion to 12 billion seems apt to meet this need .

The foreign currency reserves are denominated in US dollars and Japanese yen and are actively managed on behalf of the ECB by the NCBs of the Eurosystem .