Central Bank Balance Sheet at end-February 2005
The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of February 2005 with comparative figures for the end of January 2005 and end of December 2004.
In February, the Central Bank purchased currency in the domestic interbank market for 0.6 b.kr., which is consistent with its stated strategy of maintaining its external position. The Central Bank’s foreign reserves decreased by 4.9 b.kr. to 60 b.kr. at the end of the month (equivalent to 995 m. US dollars at the current exchange rate). The reduction is explained by Treasury loan movements and a 1.4% appreciation of the króna in February.
Central Bank claims on deposit money banks increased by 4 b.kr. in February and amounted to 18.1 b.kr. at the end of the month. Claims on other financial institutions decreased by 0.4 b.kr. to 8.8 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 2.6 b.kr. at the end of February.
Central Bank liabilities towards deposit money banks decreased by 6.5 b.kr. in February and amounted to 15.9 b.kr. at the end of the month, while there was little change in liabilities towards other financial institutions.
Net deposits of central government increased by 6.4 b.kr. during the month and stood at 25 b.kr. at the end of February.
Base money decreased by 6.7 b.kr. in February and amounted to 27 b.kr. at the end of the month.
For further information, contact the Governors of the Central Bank of Iceland or Erla Árnadóttir, Chief Accountant, tel. (+354) 569-9600.
Press release with table (pdf-43kb)
No. 7/2005
March 4, 2005