Consolidated financial statement of the Eurosystem as at 4 June 2010

8 June 2010

Items not related to monetary policy operations

In the week ending 4 June 2010 gold and gold receivables (asset item 1) remained unchanged.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 4.5 billion to EUR 173.2 billion on account of customer and portfolio transactions and US dollar liquidity-providing operations (see below).

US dollar liquidity-providing transactions

On 3 June 2010, a seven-day liquidity-providing operation of USD 5.4 billion matured. This operation was conducted by the Eurosystem in connection with the temporary reciprocal currency arrangements (swap line) that the European Central Bank has established with the Federal Reserve System.

Value date Type of transaction Maturing amount New amount
3 June 2010 7-day US dollar liquidity-providing reverse transaction USD 5.4 billion -

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) decreased by EUR 3.7 billion to EUR 304.5 billion. Banknotes in circulation (liability item 1) increased by EUR 4.7 billion to EUR 809.4 billion. Liabilities to general government (liability item 5.1) decreased by EUR 20.6 billion to EUR 117.2 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 31.8 billion to EUR 440.7 billion. On Wednesday, 2 June 2010, a main refinancing operation of EUR 106 billion matured and a new one of EUR 117.7 billion was settled. On the same date, deposits in an amount of EUR 26.5 billion matured and new deposits with a maturity of one week were collected in an amount of EUR 35 billion.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.3 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 350.9 billion (compared with EUR 316.2 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 6.2 billion to EUR 96.2 billion as a result of settled purchases of EUR 4.9 billion under the Securities Markets Programme and of EUR 1.3 billion under the euro-denominated covered bond purchase programme.

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 12.4 billion to EUR 171.3 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 286,692 0
2 Claims on non-euro area residents denominated in foreign currency 213,020 747
2.1 Receivables from the IMF 69,441 −84
2.2 Balances with banks and security investments, external loans and other external assets 143,580 830
3 Claims on euro area residents denominated in foreign currency 28,705 −5,038
4 Claims on non-euro area residents denominated in euro 17,843 −218
4.1 Balances with banks, security investments and loans 17,843 −218
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 826,577 11,439
5.1 Main refinancing operations 117,727 11,713
5.2 Longer-term refinancing operations 708,805 −32
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 8 −242
5.6 Credits related to margin calls 37 1
6 Other claims on euro area credit institutions denominated in euro 37,574 −2,840
7 Securities of euro area residents denominated in euro 400,650 2,439
7.1 Securities held for monetary policy purposes 96,178 6,168
7.2 Other securities 304,471 −3,729
8 General government debt denominated in euro 35,576 0
9 Other assets 251,871 3,529
Total assets 2,098,508 10,057
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 809,442 4,737
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 557,257 30,913
2.1 Current accounts (covering the minimum reserve system) 171,325 −12,350
2.2 Deposit facility 350,902 34,739
2.3 Fixed-term deposits 35,000 8,500
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 30 24
3 Other liabilities to euro area credit institutions denominated in euro 613 106
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 125,371 −20,358
5.1 General government 117,154 −20,560
5.2 Other liabilities 8,217 202
6 Liabilities to non-euro area residents denominated in euro 40,639 −7,867
7 Liabilities to euro area residents denominated in foreign currency 2,184 133
8 Liabilities to non-euro area residents denominated in foreign currency 13,265 123
8.1 Deposits, balances and other liabilities 13,265 123
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 170,183 2,269
11 Revaluation accounts 249,205 0
12 Capital and reserves 77,314 0
Total liabilities 2,098,508 10,057

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