Analytical Balance Sheet of the Bank of Lithuania, December 2003

At the end of December 2003 reserve money made up LTL 6.5 billion. Over one month it went up by LTL 624.3 million, of which currency in circulation and commercial bank balances on correspondent accounts increased respectively by LTL 327.9 million and LTL 322.5 million, while demand deposits of non-banking financial institutions and required reserves in foreign currencies decreased by LTL 18.8 million and LTL 9.4 million, respectively. Foreign assets and central government deposits went up by LTL 582.7 million and LTL 41.5 million, respectively.

Foreign assets went up by LTL 403.0 million owing to operations with central government institutions and net purchase of foreign exchange by the Bank of Lithuania of LTL 296.9 million. Foreign assets were pushed down by LTL 108.3 million owing to repurchase transactions with non-residents and by LTL 16.0 million due to the sale of foreign exchange to other residents than the central government or commercial banks.

Over 2003 reserve money went up by LTL 1.4 billion, of which currency in circulation, commercial bank balances on correspondent accounts and required reserves in foreign currencies increased respectively by LTL 914.3 million, LTL 400.3 million and LTL 58.7 million. Reserve money was pushed up by LTL 541.2 million owing to operations with central government institutions and net purchase of foreign exchange by the Bank of Lithuania of LTL 699.7 million.

The year-on-year Bank of Lithuania analytical balance sheet data for December 2002-November 2003 were recalculated following the adjustment of the methodology of the securities market value calculation.Balance Sheet of the Bank of Lithuania

(LTL million, end-of-period)

	11/2003	12/2003	Change
			LTL million	%
FOREIGN ASSETS	8,865.7	9,448.3	582.7	6.6
CLAIMS ON CENTRAL GOVERNMENT	5.4	5.4	-	-
CLAIMS ON PRIVATE SECTOR	9.3	9.6	0.2	2.7
CLAIMS ON DEPOSIT MONEY BANKS	9.9	9.9	0.0	0.2
CLAIMS ON NONBANK FINANCIAL INSTITUTIONS	-	-	-	-
OTHER ASSETS	245.1	261.5	16.4	6.7
TOTAL ASSETS	9,135.4	9,734.7	599.3	6.6
RESERVE MONEY	5,916.0	6,540.3	624.3	10.6
o/w currency outside the CB	4,804.3	5,132.1	327.9	6.8
FOREIGN LIABILITIES	296.6	187.9	-108.7	-36.7
CENTRAL GOVERNMENT DEPOSITS	2,172.3	2,213.8	41.5	1.9
COUNTERPART FUNDS	29.0	29.0	0.0	0.1
CAPITAL ACCOUNTS	709.2	734.0	24.8	3.5
OTHER LIABILITIES	12.3	29.7	17.4	141.5
TOTAL LIABILITIES	9,135.4	9,734.7	599.3	6.6

Memo Items

(LTL million, end-of-period)

	11/2003	12/2003	Change
			LTL million	%
The IMF loans to the Bank of Lithuania	-	-	-	-
The IMF loans to the Ministry of Finance	133.0	123.4	-9.6	-7.2

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.