What is the Banque de France balance sheet?

The Banque de France balance sheet is the monthly financial statement of the French central bank as a member of the Eurosystem, detailing its total assets and liabilities.

What assets are included in the Banque de France balance sheet?

Key assets include gold and gold receivables, claims on euro area and non-euro area residents in both euro and foreign currencies, and lending to credit institutions related to monetary policy.

What does the TARGET balance of the Banque de France represent?

The TARGET balance represents the net bilateral position of the Banque de France vis-a-vis the European Central Bank within the trans-European automated real-time gross settlement express transfer system.

How far back does the Banque de France balance sheet data go?

The monthly balance sheet and TARGET balance series for France are available starting from 2001 and are updated regularly using ECB Data Portal sources.

Banque de France monthly balance sheet

Name: Banque de France monthly balance sheet
Creator: ECB Data Portal – Internal liquidity management and TARGET balances (ILM), France
License: https://creativecommons.org/licenses/by/4.0/

The Banque de France monthly balance sheet and TARGET balance are presented here.

Source: ECB Data Portal – Internal liquidity management and TARGET balances (ILM), FranceLast updated: Sep 14, 2026, 14:14Curated by Bui Thanh PhucAbout this data ↓

Indicator	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023	07-2023
Total balance sheet	1,452,677.03	1,450,727.31	1,473,963.45	1,499,111.03	1,510,089.59	1,507,690.09	1,530,133.01	1,519,605.95	1,489,237.14	1,498,035.03	1,500,431.36	1,475,672.26	1,476,362.69	1,479,054.89	1,506,572.85	1,521,629.09	1,516,962.66	1,513,433.67	1,517,184.23	1,510,161.47	1,469,567.38	1,486,125.71	1,491,646.21	1,503,471.68	1,491,800.73	1,495,164.44	1,516,158.37	1,527,303.38	1,527,190.68	1,586,324.09	1,590,296.2	1,594,872.45	1,619,671.62	1,623,509.31	1,636,418.78	1,662,600.36	1,665,104.93
Assets9
Gold and gold receivables	277,026.84	277,026.77	312,909.15	312,909.15	312,909.01	287,480.02	287,480.02	287,480.02	254,586.98	254,586.98	254,586.98	219,378.39	219,377.27	219,377.27	226,081.64	226,081.64	226,081.64	196,745.49	196,745.49	196,745.49	184,883.11	184,882.82	184,882.68	170,794.26	170,794.26	170,794.34	160,343.45	160,343.44	160,340.3	146,345.34	146,345.38	146,345.38	138,272.47	138,272.51	138,270.58	137,367.84	137,367.89
Claims on non-euro area residents in foreign currency2	74,611.24	74,898.44	74,250.39	73,978.77	73,994.38	73,047.21	73,041.55	72,941.12	73,250.41	73,129.83	73,026.02	73,424.15	73,255.94	73,209.42	76,910.71	76,857.9	76,156.27	77,646.83	77,732.09	75,352.83	72,502.65	72,169.69	71,932.76	72,906.17	72,682.6	72,683.17	72,595.24	72,412.97	73,157.74	73,030.97	72,670.97	71,482.25	73,062.45	72,146.51	70,732.42	70,792.67	69,977.61
Receivables from the IMF	45,695.73	45,732.66	45,435.05	45,228.21	45,228.21	44,638.6	44,640.6	44,699.87	44,878.39	44,807.78	44,786.66	44,670.76	44,650.53	44,633.47	46,738.74	46,672.9	46,145.95	47,160.08	47,194.4	46,937.02	45,521.11	45,521.11	45,600.51	46,236.54	46,139.1	46,024.14	46,064.09	46,092.99	45,873.14	45,228.38	45,246.69	44,887.71	45,865.74	45,847.4	45,725.41	45,156.05	44,708.67
Balances with banks, securities, loans and other external assets	28,915.51	29,165.78	28,815.35	28,750.57	28,766.17	28,408.6	28,400.95	28,241.25	28,372.02	28,322.04	28,239.37	28,753.39	28,605.41	28,575.95	30,171.98	30,185	30,010.32	30,486.75	30,537.69	28,415.81	26,981.54	26,648.58	26,332.25	26,669.63	26,543.5	26,659.03	26,531.14	26,319.98	27,284.6	27,802.59	27,424.28	26,594.54	27,196.71	26,299.11	25,007.01	25,636.62	25,268.94
Claims on euro area residents in foreign currency	5,014.01	3,008.28	2,723.37	2,859.56	3,102.98	2,479.01	2,183.63	2,031.5	2,419.4	2,457.92	2,250.6	1,841.77	2,167.8	1,759.48	2,269.98	2,680.48	2,782.46	2,713.01	2,832.47	2,520.49	3,018.32	3,447.28	3,436.8	3,906.34	4,214.5	4,096.14	4,000.56	4,639.51	4,762.14	4,819.28	4,849.5	4,748.76	4,907.26	4,739.51	4,782.34	4,759.86	4,666.32
Claims on non-euro area residents in euro	14,980.75	14,355.36	13,023.61	12,535.72	12,537.22	12,766.76	11,456.03	11,074.83	11,351.15	10,726.77	10,416.88	8,688.42	8,439.26	7,406.2	6,389.63	5,913.07	5,861.67	5,352.77	5,106.27	4,347.56	4,113.97	3,781.85	2,838.11	2,780.93	2,765.23	2,559.03	2,355.85	2,419.86	2,212.49	1,746.43	1,729.89	1,706.31	1,655.99	1,655.99	1,661.25	1,565.02	1,389.85
Lending to credit institutions related to monetary policy operations2	100	60	64	686	644	526.5	498	2,737	750	584	596	664	650	675	835	1,193	701	520	460	2,003	1,566	1,528	1,512	15,481	15,463	16,538	33,792.81	33,806.81	33,845.81	96,334.93	96,322.94	96,728.71	122,953.32	122,999.32	122,889.32	146,384.32	146,418.32
Main refinancing operations	50	10	14	623	580	462.5	447	2,636	599	433	396	414	400	425	535	843	451	470	460	2,003	446	408	391	418	390	1,451	299	313	359	315	298	682	201	248	140	40	40
Longer-term refinancing operations	50	50	50	63	64	64	51	101	151	151	200	250	250	250	300	350	250	50	0	0	1,120	1,120	1,121	15,063	15,073	15,087	33,493.81	33,493.81	33,486.81	96,012.94	96,024.94	96,036.94	122,752.32	122,751.32	122,749.32	146,344.32	146,378.32
Other claims on euro area credit institutions in euro	21,550.81	15,901.26	15,428.69	14,978.47	12,372.53	21,150.82	28,163.91	13,448.42	13,055.97	20,465.72	15,975.35	13,717.47	19,763.27	16,466.6	38,007.17	28,255.29	20,842.39	17,429.04	17,262.32	19,467.25	12,871.34	14,967.42	15,474.06	17,439.31	17,532.55	15,487.53	18,136.87	9,119.41	16,889.93	20,238.24	15,141.6	18,146.02	15,222.36	9,567.04	20,203.31	13,732.76	18,240.2
Securities of euro area residents in euro2	871,901.65	874,050.65	866,119.82	885,202.51	898,322.7	906,261.42	922,744.31	923,852.91	924,438.42	939,172.1	949,382.72	952,410.07	951,162.54	947,154.11	950,394.99	969,122.57	969,094.12	991,601.88	999,559.86	991,895.1	989,284.96	998,658.96	997,783.01	998,125.9	997,193.81	1,001,230.51	1,001,594.9	1,015,068.53	1,011,874.8	1,021,938.18	1,030,011.92	1,027,779.97	1,028,209.19	1,029,132.77	1,037,771.44	1,037,278.12	1,034,352.77
Securities held for monetary policy purposes	706,197.69	711,756.35	713,780.97	737,034.63	750,268.83	762,304.73	784,297.49	786,967.79	790,337.39	809,379.34	823,161.94	829,009.31	829,480.16	830,508.18	834,794.34	855,959.24	860,368.21	890,896.46	901,061.93	903,586.13	908,563.18	926,725.31	927,245.54	931,087.23	930,774	937,779.49	939,044.16	954,044.41	955,315.5	969,683.71	977,800.97	977,937.07	978,504.46	979,056.12	991,596.22	994,764.15	993,960.74
Other securities	165,703.96	162,294.3	152,338.85	148,167.87	148,053.87	143,956.69	138,446.83	136,885.12	134,101.03	129,792.76	126,220.78	123,400.77	121,682.39	116,645.93	115,600.65	113,163.33	108,725.91	100,705.41	98,497.93	88,308.97	80,721.78	71,933.66	70,537.47	67,038.68	66,419.81	63,451.03	62,550.74	61,024.11	56,559.3	52,254.47	52,210.95	49,842.91	49,704.73	50,076.64	46,175.22	42,513.97	40,392.04
Intra-Eurosystem claims3	62,922.83	63,553.85	63,306.63	63,850.09	64,796.71	64,666.8	65,225.16	66,527.94	68,845.43	68,728.83	69,348.01	70,089.14	71,240.4	72,665.29	72,187.09	73,045.03	74,086.42	75,565.04	76,136.9	78,492.12	77,120.06	77,407.89	78,350.54	78,748.64	80,050.33	81,670.46	82,326.33	83,514.6	85,430.13	85,570.69	86,654.01	92,974.31	92,265.44	93,142.1	94,516.99	95,478.42	97,120.34
Participating interest in the ECB	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,777.01	1,868.48	1,895.9	1,895.9	1,895.9	1,895.9	1,895.9	1,895.9
Claims equivalent to the transfer of foreign reserves	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,114.32	8,239.97	8,239.97	8,239.97	8,239.97	8,239.97	8,239.97
Net claims related to the allocation of euro banknotes	53,031.5	53,662.52	53,415.3	53,958.76	54,905.38	54,775.47	55,333.83	56,636.61	58,954.1	58,837.5	59,456.68	60,197.81	61,349.07	62,773.96	62,295.76	63,153.7	64,195.09	65,673.71	66,245.57	68,600.79	67,228.73	67,516.56	68,459	68,857	70,159	71,779	72,435	73,623	75,539	75,679	76,671	82,838	82,130	83,006	84,381	85,343	86,984
Other assets	124,568.89	127,872.7	126,137.77	132,110.76	131,410.05	139,311.55	139,340.38	139,512.2	140,539.39	128,182.89	124,848.78	135,458.85	130,306.21	140,341.53	133,496.63	138,480.11	141,356.7	145,859.62	141,348.83	139,337.63	124,206.96	129,281.81	135,436.25	143,289.14	131,104.45	130,105.24	141,012.37	145,978.25	138,677.34	136,300.03	136,569.99	134,960.73	143,123.14	151,853.56	145,591.14	155,241.36	155,571.62
Liabilities11
Banknotes in circulation	297,691	296,673.34	295,332.57	294,466.53	294,031.33	291,735.83	291,894.23	294,852.06	293,602.2	292,945.9	292,753.96	293,039.76	293,329.57	292,429.54	291,072.87	290,798.38	289,387.72	288,765.5	288,390.6	292,450.79	287,815.09	287,572.52	287,679.34	287,689.21	288,287.46	287,094.37	285,887.59	286,216.54	285,441.34	284,045.77	284,381.26	292,115.44	288,781.3	289,672.33	290,209.6	291,220.12	292,721.67
Liabilities to credit institutions related to monetary policy operations2	510,135.69	507,526.35	497,954.2	521,915.44	556,825.91	563,122.58	543,142.1	553,970.06	529,919.28	519,694.11	560,534.74	585,916.33	582,734.64	575,259.87	591,548.24	595,910.86	600,553.64	606,277.74	614,535.36	687,636.8	636,557.55	626,289.41	662,064.62	680,118.2	700,918.83	716,089.66	701,815.5	732,456.49	737,466.77	774,255.48	827,077.9	883,471.24	826,341.61	827,908.25	855,955.4	905,346.46	898,117.29
Current accounts (covering the minimum reserve system)	41,670.61	46,465.2	32,591.17	44,343.06	31,026.85	33,769.7	32,722.96	31,124.26	32,460.38	51,872.58	28,475.57	32,307.19	30,754.78	35,893.95	34,546.7	32,076.14	34,894.37	31,724.04	49,070.92	36,233.37	30,969.37	29,862.01	34,207.11	35,047.6	29,215.73	39,613.96	37,804.45	31,738.91	30,919.93	38,737.63	32,692.04	31,318.41	38,759.22	32,264.35	38,888.8	37,681.98	30,006.76
Deposit facility	468,465.08	461,061.16	465,363.03	477,572.37	525,799.06	529,352.88	510,419.14	522,845.81	497,458.9	467,821.53	532,059.18	553,609.14	551,979.87	539,365.92	557,001.54	563,834.72	565,659.26	574,553.69	565,464.43	651,403.43	605,588.18	596,427.4	627,857.51	645,070.6	671,703.1	676,475.69	664,011.05	700,717.58	706,546.83	735,517.85	794,385.86	852,152.83	787,582.39	795,643.9	817,066.6	867,664.48	868,110.53
Other liabilities to euro area credit institutions in euro	18,521.94	9,612.21	390.34	340.82	791.21	628.19	830.77	1,565.49	1,663.86	492.93	1,175.89	903.64	190.81	165.92	50.3	58.18	139.01	49.36	251.51	1,481.95	663.09	1,459.57	1,363.95	95.54	360.36	1,160.39	317.63	134.65	2,006.03	1,905.55	1,536.54	14,644.94	2,911.13	4,801.43	7,706.04	3,229.48	5,876.85
Liabilities to other euro area residents in euro2	10,808.79	7,933.29	10,416.26	9,813.57	8,165.04	7,706.44	9,611.52	9,232.15	9,333.77	12,038.53	8,240.23	7,167.03	7,700.18	7,882.6	10,686.61	8,094.59	8,747.13	14,711.63	9,266.76	7,971.73	8,167.11	9,373.68	7,487.11	22,315.17	8,337.39	14,923.89	16,915.12	7,624.68	7,744.43	7,355.02	8,858.19	25,065.18	9,788.62	10,050.42	13,035.35	10,049.51	10,038.99
General government	2,847.21	129.26	1,805.45	1,440.16	140.5	125.84	1,627.83	123.93	131.69	3,755.63	126.3	122.07	128.54	134.39	3,078.6	129.78	138.82	7,426.35	1,371.41	123.91	71.38	1,939.89	72.05	14,872.69	71.77	6,276.15	9,403.12	75.94	210.74	72.05	73.3	14,943.51	172.68	174.15	4,260.61	174.18	172.48
Other liabilities to residents	7,961.58	7,804.03	8,610.8	8,373.41	8,024.54	7,580.6	7,983.69	9,108.22	9,202.08	8,282.89	8,113.93	7,044.97	7,571.64	7,748.21	7,608.01	7,964.81	8,608.3	7,285.28	7,895.35	7,847.81	8,095.73	7,433.79	7,415.06	7,442.48	8,265.62	8,647.74	7,512	7,548.74	7,533.68	7,282.96	8,784.89	10,121.68	9,615.94	9,876.28	8,774.74	9,875.32	9,866.51
Liabilities to non-euro area residents in euro	52,680.91	50,003.78	50,667.8	53,625.36	52,107.03	50,645.04	47,669.37	57,153.93	49,875.91	48,533.49	47,816.07	50,946.69	52,410.87	46,826.87	47,320.31	47,584.14	47,400.53	43,100.92	41,622.53	48,351.46	39,159.23	43,557.76	48,486.79	49,087.08	48,955.42	51,742.71	55,033.78	50,395.93	53,098.91	48,945.61	45,705.51	45,553.05	44,388.56	43,705.7	41,901.63	42,062.65	41,731.84
Liabilities to euro area residents in foreign currency	3,289.69	1,180.19	798.95	979.93	1,265.2	799.77	609.58	344.58	847.74	933.01	643.03	519.25	747.5	274.88	624.18	1,122.91	1,113.6	404.43	661.84	56.27	143.67	373.63	151.16	231.45	415.98	361.91	344.92	1,055.06	2,014.94	3,513.51	3,362.11	2,507.66	2,461.68	1,466.41	246.77	1,131.36	739.79
Counterpart of special drawing rights allocated by the IMF	35,041.94	35,041.94	34,800.44	34,800.44	34,800.44	34,329.21	34,329.21	34,329.21	34,385.16	34,385.16	34,385.16	34,520.64	34,520.64	34,520.64	36,178.79	36,178.79	36,178.79	36,944.54	36,944.54	36,944.54	35,681.05	35,681.05	35,681.05	36,178.79	36,178.79	36,178.79	36,093.38	36,093.38	36,093.38	35,804.75	35,804.75	35,804.75	36,532.21	36,532.21	36,532.21	36,066.87	36,066.87
Intra-Eurosystem liabilities1	182,480.77	192,113.02	190,430.87	187,355.32	169,270.96	167,882.94	205,219.45	183,556.27	216,717.8	240,108.41	214,181.38	191,435.6	191,802.01	195,925.02	177,852.1	198,259.31	194,122.19	208,371.34	212,424.68	127,839.79	176,851.64	196,639.08	160,564.31	140,932.65	131,285.84	111,451.8	145,293.24	141,580.66	129,614.06	167,780.66	119,537.9	27,495.23	141,575.15	139,440.64	114,485.54	87,899.77	90,290.84
Liabilities related to TARGET	182,480.77	192,113.02	190,430.87	187,355.32	169,270.96	167,882.94	205,219.45	183,556.27	216,717.8	240,108.41	214,181.38	191,435.6	191,802.01	195,925.02	177,852.1	198,259.31	194,122.19	208,371.34	212,424.68	127,839.79	176,851.64	196,639.08	160,564	140,933	131,286	111,452	145,293	141,581	129,614	167,781	119,538	27,495	141,575	139,441	114,486	87,900	90,291
Other liabilities	69,548.11	78,164.97	94,378.01	96,364.69	93,383.54	115,452.35	116,408.77	104,196.82	98,398.94	94,411.03	86,208.43	88,321.36	90,024.55	102,839.71	112,244.07	104,626.55	100,213.08	94,134.02	92,317.65	86,714.35	77,065.6	77,716.94	80,704.43	92,789.08	82,993.22	82,080.21	90,756.82	87,820.34	89,017.52	92,640.52	81,674.13	85,854.39	92,458.98	95,472.81	101,882.3	112,143.99	116,070.62
Revaluation accounts	253,922.17	253,922.17	288,356.22	288,356.22	288,356.22	264,295.03	264,295.03	264,295.03	238,381.72	238,381.72	238,381.72	206,735.38	206,735.38	206,735.38	214,847.02	214,847.02	214,847.02	186,266.26	186,266.26	186,265.94	173,015.47	173,015.47	173,015.47	159,496.16	159,496.16	159,496.16	149,070.77	149,070.77	149,070.77	134,216.33	134,216.33	134,217.83	126,267.47	126,267.47	126,267.47	125,151.91	125,151.91
Capital and reserves	18,556.03	18,556.06	10,437.8	11,092.71	11,092.71	11,092.72	16,122.98	16,110.35	16,110.75	16,110.75	16,110.75	16,166.55	16,166.55	16,194.45	24,148.36	24,148.36	24,259.96	34,378.82	34,502.51	34,447.86	34,447.88	34,446.6	34,447.98	34,538.08	34,538.08	34,584.56	34,629.63	34,854.88	34,854.88	35,698.58	48,141.56	48,142.75	48,142.75	48,142.75	48,142.76	48,142.76	48,142.76
TARGET balance of Banque de France2
TARGET balance, end of month	-182,480.77	-196,843.08	-190,430.87	-187,355.32	-151,528.15	-167,882.94	-205,219.45	-158,659.15	-216,717.8	-240,108.41	-201,481.73	-191,435.6	-191,618.96	-194,473.38	-177,852.1	-209,291.33	-173,646.51	-208,371.34	-212,424.68	-108,133.91	-176,851.64	-209,592.75	-175,281.31	-140,932.65	-150,355.07	-111,451.8	-145,293.24	-135,779.51	-129,614.06	-170,222.51	-121,615.14	-27,495.22	-138,293.92	-125,282.37	-114,485.54	-76,513.5	-113,756.07
TARGET balance, monthly average	-190,797.13	-195,239.03	-202,148.48	-175,860.8	-153,665.58	-183,232.54	-191,738.76	-199,012.74	-221,473.72	-216,707.94	-199,764.67	-201,834.86	-200,354.33	-201,920.5	-218,414.91	-207,854.46	-212,959.16	-205,641.37	-170,182.22	-187,908.77	-200,918.85	-184,881.9	-149,275.41	-131,742.53	-161,130.74	-142,306.39	-156,279.53	-140,743.89	-149,067.27	-144,936.77	-103,583.19	-120,521.66	-144,625.89	-131,116.64	-104,643.35	-84,711.15	-95,760.1

Latest reading

Total balance sheet stood at 1,452,677.03 EUR million in Jul 2026. That is +0.1% from Jun 2026 and −1.6% from a year earlier. The series on this page is monthly and runs from Jun 2016 to Jul 2026. Source: ECB Data Portal – Internal liquidity management and TARGET balances (ILM), France.

Latest: 1,452,677.03 EUR million; Jul 2026
vs previous period: +0.1%; Jun 2026
vs a year earlier: −1.6%

About this data

The Banque de France monthly balance sheet and TARGET balance are presented here. This financial statement includes assets such as gold, foreign reserves, and monetary policy lending since 2001. It also details liabilities including banknotes in circulation, credit institution deposits, and the TARGET balance. The data is sourced from the ECB Data Portal.

Frequently asked questions

What is the Banque de France balance sheet?: The Banque de France balance sheet is the monthly financial statement of the French central bank as a member of the Eurosystem, detailing its total assets and liabilities.
What assets are included in the Banque de France balance sheet?: Key assets include gold and gold receivables, claims on euro area and non-euro area residents in both euro and foreign currencies, and lending to credit institutions related to monetary policy.
What does the TARGET balance of the Banque de France represent?: The TARGET balance represents the net bilateral position of the Banque de France vis-a-vis the European Central Bank within the trans-European automated real-time gross settlement express transfer system.
How far back does the Banque de France balance sheet data go?: The monthly balance sheet and TARGET balance series for France are available starting from 2001 and are updated regularly using ECB Data Portal sources.