06.06.2005

Central Bank Balance Sheet at end-May 2005

The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of May 2005 with comparative figures for the end of April 2005 and end of December 2004.

The Central Bank’s foreign reserves increased by 0.2 b.kr. to 61.7 b.kr. at the end of May (equivalent to 996 m. US dollars at the current exchange rate). The króna appreciated by 1.4% in May.
Central Bank claims on deposit money banks decreased by 1.4 b.kr. in May and amounted to 15.9 b.kr. at the end of the month.

Claims on other financial institutions increased by 1.7 b.kr. to 8.8 b.kr. at the end of the month.

Market value of listed securities in the Bank’s portfolio was 2.2 b.kr. at the end of May. Early redemption of housing bonds by the Housing Financing Fund and the maturing of a Treasury bond issue has caused the Bank’s securities portfolio to decrease by 1.1 b.kr. since the beginning of the year.

Central Bank liabilities towards deposit money banks increased by 7.1 b.kr. in May and amounted to 21.7 b.kr. at the end of the month, while there was little change in liabilities towards other financial institutions.

Net deposits of central government decreased by 6.6 b.kr. during the month and stood at 15.9 b.kr. at the end of May.

Base money increased by 7.5 b.kr. in May and amounted to 33.5 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-38 kb)

 Press release with table pdf-


No. 16/2005
June 6, 2005



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