L 371/42 Official Journal of the European Union 18.12.2004 REGULATION (EC) No 2181/2004 OF THE EUROPEAN CENTRAL BANK of 16 December 2004 amending Regulation (EC) No 24232001 (ECB/2001/13) concerning the consolidated balance sheet of the monetary financial institutions sector and Regulation (EC) No 63/2002 (ECB/2001/18) concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-a-vis households and non-financial corporations (ECB/2004/21) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK, (3)  For the purposes of the statistical information which the European Central Bank (ECB) needs to fulfil its tasks, deposit liabilities and loans have to be reported at their nominal value. Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (), and in particular Articles 5(1) and 6(4) thereof, (@) In light of the above, it has become necessary to amend Regulation (EC) No 2423/2001 (ECB/2001/13) to include an explicit requirement regarding the reporting of deposit liabilities and loans at nominal value. Whereas: 1) Regulation (EC) No 2423/2001 of the European Central (5) At the same time, given the current stage in the process Bank of 22 November 2001 concerning the consolidated of harmonisation in the field of statistics that has been balance sheet of the monetary financial institutions sector reached as a result of Regulation (EC) No 2423/2001 (ECB/2001/13) (), requires monetary financial insti- (ECB/2001/13), it is desirable to continue to apply the tutions (MFIs) to report, inter alia, monthly statistical valuation rules that have until now been applied to information relating to their end-of-month balance provisioned loans and purchased loans. Therefore, sheets for the purposes of producing the consolidated national central banks may allow existing valuation balance sheet of the MFI sector. rules to apply to such loans until the ECB updates these rules in order to harmonise reporting further. (2)  Regulation (EC) No 2423/2001 (ECB/2001/13) provides that the accounting rules to be followed in reporting are those laid down in the national transposition of Council . s Directive 86/635/EEC of 8 Decemger 1986 on the © :;Jllg;ve;) Ests}lié) (:ésgililt\z;lf: ti:??ﬁaﬁilssa miy Veldu'ef df}ll)t annual accounts and consolidated accounts of banks ¢ L oary 10 Cay He SRR . scope of the reporting of the ‘other revaluation and other financial institutions(}), and in any other adi . £ ori luati h . ‘ ; ; X justments in respect of price revaluation of securities. international  standards applicable. Both  national accounting legislation and international standards have changed since the adoption of Regulation (EC) No 2423]2001 (ECBJ2001/13). Directive 86/635[EEC has been amended to the effect that certain financial instruments may be valued at fair value. International accounting standards may also provide for the valuation of certain financial instruments at fair value. ) As a consequence of the above, Regulation (EC) No () OJ L 318, 27.11.1998, p. 8. (®» OJ L 333, 17.12.2001, p. 1. Regulation as last amended by Regu- 63/2002 (ECB/2001/18) of the European Central Bank of 20 December 2001 concerning statistics on interest rates applied by monetary financial institutions to lation (EC) No 1746/2003 (ECBJ2003/10) (O] L 250, 2.10.2003, p. 17). () OJ L 372, 31.12.1986, p. 1. Directive as last amended by Directive 2003/51/EC of the European Parliament and of the Council (O] L 178, 17.7.2003, p. 16). deposits and loans vis-a-vis households and non- financial corporations (#), should also be amended, (% OJ L 10, 12.1.2002, p. 24.