Consolidated financial statement of the Eurosystem as at 7 May 2010

11 May 2010

Items not related to monetary policy operations

In the week ending 7 May 2010 the decrease of EUR  1 million in gold and gold receivables (asset item 1) reflected the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement that came into effect on 27 September 2009).

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.5 billion to EUR 169.9 billion on account of customer and portfolio transactions.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 4 billion to EUR 308.5 billion. Banknotes in circulation (liability item 1) increased by EUR 4.4 billion to EUR 802.6 billion. Liabilities to general government (liability item 5.1) decreased by EUR 6.4 billion to EUR 98.6 billion.

Items related to monetary policy operations

The Eurosystem’s net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) decreased by EUR 14.1 billion to EUR 478 billion. On Wednesday, 5 May 2010, a main refinancing operation of EUR 75.6 billion matured and a new one of EUR 90.3 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 2.4 billion (compared with EUR 0.8 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 282 billion (compared with EUR 251.6 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.4 billion to EUR 51.6 billion in the week ending 7 May 2010.

Current accounts of euro area credit institutions

As a result of all transactions, the current account position of credit institutions with the Eurosystem (liability item 2.1) decreased by EUR 25.3 billion to EUR 172.2 billion.

Assets (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Gold and gold receivables 286,698 −1
2 Claims on non-euro area residents denominated in foreign currency 209,604 −2,091
2.1 Receivables from the IMF 66,485 −32
2.2 Balances with banks and security investments, external loans and other external assets 143,120 −2,058
3 Claims on euro area residents denominated in foreign currency 28,760 1,544
4 Claims on non-euro area residents denominated in euro 16,827 −676
4.1 Balances with banks, security investments and loans 16,827 −676
4.2 Claims arising from the credit facility under ERM II 0 0
5 Lending to euro area credit institutions related to monetary policy operations denominated in euro 759,976 16,345
5.1 Main refinancing operations 90,317 14,720
5.2 Longer-term refinancing operations 667,245 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 2,382 1,628
5.6 Credits related to margin calls 33 −3
6 Other claims on euro area credit institutions denominated in euro 33,947 1,199
7 Securities of euro area residents denominated in euro 360,184 5,440
7.1 Securities held for monetary policy purposes 51,648 1,405
7.2 Other securities 308,536 4,035
8 General government debt denominated in euro 35,576 0
9 Other assets 251,669 4,662
Total assets 1,983,241 26,422
Liabilities (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Banknotes in circulation 802,585 4,440
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 454,177 5,071
2.1 Current accounts (covering the minimum reserve system) 172,162 −25,334
2.2 Deposit facility 282,013 30,404
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 2 1
3 Other liabilities to euro area credit institutions denominated in euro 625 136
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 107,857 −5,229
5.1 General government 98,584 −6,359
5.2 Other liabilities 9,272 1,130
6 Liabilities to non-euro area residents denominated in euro 56,658 16,538
7 Liabilities to euro area residents denominated in foreign currency 2,786 1,709
8 Liabilities to non-euro area residents denominated in foreign currency 12,662 −1,804
8.1 Deposits, balances and other liabilities 12,662 −1,804
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 53,033 0
10 Other liabilities 166,996 5,561
11 Revaluation accounts 249,205 0
12 Capital and reserves 76,657 0
Total liabilities 1,983,241 26,422

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