2005-01-14
Over one month reserve money went up by LTL 273.0 million, of which currency in circulation, commercial bank balances on correspondent accounts and required reserves in foreign currencies increased respectively by LTL 216.6 million, LTL 49.2 million and LTL 3.7 million.Reserve money increased by LTL 1.1 billion owing to operations with central government institutions while operations with non-residents reduced reserve money by LTL 56.2 million, as did the net sale of foreign exchange by the Bank of Lithuania to commercial banks of LTL 766.2 million.
Foreign assets and central government deposits declined by LTL 517.3 million and LTL 613.9 million, respectively.
Over 2004 reserve money increased by LTL 461.3 million, of which currency in circulation and commercial bank required reserves in foreign currencies grew by LTL 457.4 and LTL 106.4 million, respectively, while balances on commercial bank correspondent accounts declined by LTL 106.3 million.Reserve money grew by LTL 2.2 billion owing to operations with central government institutions.The increase was offset by the net sale of foreign exchange to commercial banks of LTL 1.6 billion in 2004.
Foreign assets and central government deposits declined in 2004 by LTL 419.9 million and LTL 742.9 million, respectively.Foreign assets declined by LTL 1.6 billion owing the net sale of foreign exchange to commercial banks, while operations with non-residents reduced reserve money by LTL 582.8 million; on the other hand, the decline was offset by the expansion of operations with central government institutions of LTL 1.5 billion.
Balance Sheet of the Bank of Lithuania
| (LTL million, end-of-period) |
| 11/2004 | 12/2004 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS | 9,545.8 | 9,028.4 | -517.3 | -5.4 |
| CLAIMS ON CENTRAL GOVERNMENT | 4.1 | 4.1 | - | - |
| CLAIMS ON PRIVATE SECTOR | 11.0 | 10.9 | -0.1 | -1.2 |
| CLAIMS ON DEPOSIT MONEY BANKS | 9.9 | 9.9 | -0.0 | -0.0 |
| CLAIMS ON NONBANK FINANCIAL INSTITUTIONS | - | - | - | - |
| OTHER ASSETS | 252.3 | 265.5 | 13.2 | 5.2 |
| TOTAL ASSETS | 9,823.0 | 9,318.8 | -504.2 | -5.1 |
| RESERVE MONEY | 6,728.7 | 7,001.7 | 273.0 | 4.1 |
| o/w currency outside the CB | 5,372.9 | 5,589.5 | 216.6 | 4.0 |
| FOREIGN LIABILITIES | 148.1 | 12.3 | -135.8 | -91.7 |
| CENTRAL GOVERNMENT DEPOSITS | 2,084.8 | 1,470.9 | -613.9 | -29.4 |
| COUNTERPART FUNDS | 29.3 | 29.4 | 0.1 | 0.3 |
| CAPITAL ACCOUNTS | 802.3 | 794.1 | -8.1 | -1.0 |
| OTHER LIABILITIES | 29.8 | 10.4 | -19.4 | -65.0 |
| TOTAL LIABILITIES | 9,823.0 | 9,318.8 | -504.2 | -5.1 |
Memo Items
| (LTL million, end-of-period) |
| 11/2004 | 12/2004 | Change | ||
| LTL million | % | |||
| The IMF loans to the Bank of Lithuania | - | - | - | - |
| The IMF loans to the Ministry of Finance | 73.7 | 66.0 | -7.7 | -10.5 |
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.