At the end of February 2003 reserve money made up LTL 5.2 billion.Over one month it went up by LTL 151.3 million, of which commercial bank balances on correspondent accounts and currency in circulation increased by LTL 91.0 million and LTL 60.1 million, respectively.Foreign assets and central government deposits went up by LTL 129.1 million and LTL 38.7 million, respectively.
The main reason for the increase of reserve money and foreign assets was net purchase of foreign exchange by the Bank of Lithuania from commercial banks of LTL 289.3 million.Operations with central government institutions pushed down reserve money by LTL 140.5 million, and the decline of Bank of Lithuania repurchase transactions with non-residents was a factor reducing foreign assets by LTL 69.5 million.
| (LTL million, end-of-period) |
| 01/2003 | 02/2003 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS | 8,202.3 | 8,331.5 | 129.1 | 1.6 |
| CLAIMS ON CENTRAL GOVERNMENT | 6.8 | 6.8 | - | - |
| CLAIMS ON PRIVATE SECTOR | 7.8 | 7.7 | -0.2 | -2.2 |
| CLAIMS ON DEPOSIT MONEY BANKS | 15.8 | 14.2 | -1.7 | -10.5 |
| CLAIMS ON NONBANK FINANCIAL INSTITUTIONS | - | - | - | - |
| OTHER ASSETS | 213.6 | 228.2 | 14.6 | 6.8 |
| TOTAL ASSETS | 8,446.4 | 8,588.3 | 141.9 | 1.7 |
| RESERVE MONEY | 5,052.4 | 5,203.8 | 151.3 | 3.0 |
| o/w currency outside the CB | 4,221.4 | 4,281.6 | 60.1 | 1.4 |
| FOREIGN LIABILITIES | 493.9 | 424.1 | -69.8 | -14.1 |
| CENTRAL GOVERNMENT DEPOSITS | 2,128.0 | 2,166.6 | 38.7 | 1.8 |
| COUNTERPART FUNDS | 28.5 | 28.5 | - | - |
| CAPITAL ACCOUNTS | 704.4 | 715.9 | 11.5 | 1.6 |
| OTHER LIABILITIES | 39.2 | 49.3 | 10.1 | 25.8 |
| TOTAL LIABILITIES | 8,446.4 | 8,588.3 | 141.9 | 1.7 |
Memo Items
| (LTL million, end-of-period) |
| 01/2003 | 02/2003 | Change | ||
| LTL million | % | |||
| The IMF loans to the Bank of Lithuania | - | - | - | - |
| The IMF loans to the Ministry of Finance | 216.9 | 213.6 | -3.4 | -1.5 |
1. RESERVE MONEY includes currency in circulation, deposit money banks’ reserves and demand deposits of other sectors (excluding central government).
2. OTHER LIABILITIES include unclassified liabilities and other liabilities to non-government sectors outside reserve money definition.