The sum of the monetary income of each national central bank will be allocated to the participating national central banks in proportion to their paid-up share in the ECB’s capital. Owing to the temporary character of the current decision, the question of monetary income allocation will need to be revisited before the introduction of euro banknotes in 2002.
(e) Transfer of foreign reserve assets to the ECB Today the Governing Council also adopted an ECB Guideline establishing the legal format as well as the modalities of the initial transfer of foreign reserves from the national central banks to the ECB.