Over one month reserve money declined by LTL 57.2 million, of which commercial bank balances on correspondent accounts decreased by LTL 111.7 million, while currency in circulation, commercial bank required reserves in foreign currencies and demand deposits of non-banking financial institutions increased by LTL 36.3 million and LTL 13.0 million and LTL 3.0 million, respectively. Reserve money was pushed down by the net sale of foreign exchange by the Bank of Lithuania of LTL 155.4 million, while operations with central government institutions pushed reserve money up by LTL 81.0 million.
Foreign assets and central government deposits declined in one month by LTL 323.6 million and LTL 254.9 million, respectively.
Balance Sheet of the Bank of Lithuania| (LTL million, end-of-period) |
| 01/2004 | 02/2004 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS | 9,325.5 | 9,001.9 | -323.6 | -3.5 |
| CLAIMS ON CENTRAL GOVERNMENT | 5.4 | 5.4 | - | - |
| CLAIMS ON PRIVATE SECTOR | 9.8 | 9.7 | -0.0 | -0.4 |
| CLAIMS ON DEPOSIT MONEY BANKS | 9.9 | 9.9 | 0.0 | 0.1 |
| CLAIMS ON NONBANK FINANCIAL INSTITUTIONS | - | - | - | - |
| OTHER ASSETS | 221.0 | 213.2 | -7.8 | -3.5 |
| TOTAL ASSETS | 9,571.6 | 9,240.2 | -331.4 | -3.5 |
| RESERVE MONEY | 6,159.5 | 6,102.2 | -57.2 | -0.9 |
| o/w currency outside the CB | 4,996.3 | 5,032.6 | 36.3 | 0.7 |
| FOREIGN LIABILITIES | 187.8 | 155.6 | -32.2 | -17.2 |
| CENTRAL GOVERNMENT DEPOSITS | 2,419.2 | 2,164.3 | -254.9 | -10.5 |
| COUNTERPART FUNDS | 29.0 | 29.0 | 0.0 | 0.0 |
| CAPITAL ACCOUNTS | 753.4 | 770.3 | 16.9 | 2.2 |
| OTHER LIABILITIES | 22.6 | 18.7 | -3.9 | -17.2 |
| TOTAL LIABILITIES | 9,571.6 | 9,240.2 | -331.4 | -3.5 |
Memo Items
| (LTL million, end-of-period) |
| 01/2004 | 02/2004 | Change | ||
| LTL million | % | |||
| The IMF loans to the Bank of Lithuania | - | - | - | - |
| The IMF loans to the Ministry of Finance | 120.9 | 119.4 | -1.5 | -1.2 |
Notes:
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.