Banque de France Monthly Monetary Statement - 2025-01

Published on the 25th of February 2025

Monthly Monetary Statement - Banque de France - January 2025 (a)

(outstanding amounts at the end of the month, EUR billions)
Dec. 21 Dec. 22 Dec. 23 Jan. 24 Dec. 24 Jan. 25
Assets
Metropolitan France 1,429.3 1,311.0 1,051.6 1,052.1 924.2 936.4
Loans 515.7 354.0 128.0 125.9 35.1 40.2
MFIs 515.5 353.7 127.6 125.5 34.8 39.8
General government 0.0 0.0 0.0 0.0 0.0 0.0
Other sectors 0.2 0.3 0.3 0.3 0.4 0.4
Debt securities held 896.3 940.6 905.4 907.0 854.0 852.3
MFIs 79.3 81.8 79.1 79.0 76.9 76.0
General government 703.2 734.0 706.8 709.9 668.1 668.4
Other sectors 113.7 124.8 119.4 118.2 109.0 107.9
Equity and investment fund shares 17.4 16.4 18.3 19.2 35.1 43.9
Other euro area countries 149.1 120.6 116.1 117.6 112.3 112.4
Rest of the world 197.5 183.2 158.9 151.8 160.8 158.5
Gold 126.1 133.7 146.3 147.3 196.7 211.4
Not broken down by geographical area (b) 140.7 140.9 126.2 126.1 122.9 118.3
Total 2,042.8 1,889.4 1,599.1 1,594.9 1,516.9 1,537.1
Liabilities
Metropolitan France - Deposits 1,322.2 1,195.5 919.8 834.7 710.0 623.1
MFIs (c) 1,144.3 1,112.5 903.4 819.8 701.6 620.3
General government 129.2 79.6 14.9 13.7 7.4 1.4
Other sectors (c) 48.7 3.4 1.5 1.2 1.1 1.4
Other euro area countries - Deposits 18.2 22.3 32.5 125.0 108.3 213.3
Rest of the world - Deposits (c) 189.5 132.5 119.7 118.9 134.2 125.6
Not broken down by geographical area 512.9 539.2 527.1 516.3 564.4 575.1
Banknotes and coins in circulation (d) 294.1 299.5 296.3 288.5 296.7 292.7
of which coins 3.9 4.1 4.2 4.2 4.3 4.3
Debt securities issued 0.0 0.0 0.0 0.0 0.0 0.0
Capital, reserves and revaluation account 167.2 176.0 168.3 168.5 200.0 216.2
Other liabilities 51.6 63.7 62.5 59.3 67.7 66.2
Total 2,042.8 1,889.4 1,599.1 1,594.9 1,516.9 1,537.1
(a) Compiled in the framework of the production of the consolidated balance sheet of the monetary financial institutions (Regulation ECB/2021/2), these statistics show, as compared with the Annual Accounts, some differences in presentation and in scope. Therefore, although coins in circulation are not a liability of MFIs in the participating Member States, but a liability of the central government, coins are part of the monetary aggregates and this liability is to be entered under the category 'currency in circulation'. The counterpart to this liability is a claim on the Treasury and is included within 'remaining assets' (here under the item 'Not broken down by geographical area').
The total of the balance sheet at end-2023 published in March 2024 (1 597 bn) can be calculated by subtracting from the total of the Monthly Monetary Statement at end December 2023 (1 599.1 bn): coins (4.2 bn) and miscellaneous amounts linked to the accounting gap between the statement established in early January 2024 and the Annual Accounts, which include all the year-end entries (- 2.1 bn).
(b) Including the adjustment linked to the method of accounting used for measuring the euro notes on the liabilities side of the balance sheet of the Banque de France since January 2002.
(c) Extra euro area deposits have been reallocated to French MFIs and French 'other sectors' (2017-2022).
(d) Since January 2002, banknotes in circulation are treated according to specific euro area accounting conventions to bring them in line with the capital key share. 8% of the total value of euro banknotes in circulation is allocated to the European Central Bank. The remaining 92% is broken down between the NCBs in proportion to their share in the paid-up capital of the ECB.




Source : Banque de France

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Updated on the 24th of February 2025