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Consolidated financial statement of the Eurosystem as at 30 August 2013

3 September 2013

Items not related to monetary policy operations

In the week ending 30 August 2013 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) increased by EUR 0.2 billion to EUR 211.8 billion on account of customer and portfolio transactions.

In the week ending 30 August 2013 the Eurosystem did not conduct any liquidity-providing transactions in connection with the temporary reciprocal currency arrangement (swap line) that the European Central Bank has with the Federal Reserve System.

The holdings by the Eurosystem of marketable securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 1 billion to EUR 353 billion. Banknotes in circulation (liability item 1) increased by EUR 1 billion to EUR 919.4 billion. Liabilities to general government (liability item 5.1) decreased by EUR 0.2 billion to EUR 86.4 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) increased by EUR 18.8 billion to EUR 529.3 billion. On Wednesday, 28 August 2013, a main refinancing operation of EUR 97.7 billion matured and a new one of EUR 97.1 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 192.5 billion matured and new deposits were collected in an amount of EUR 190.5 billion, with a maturity of one week.

During the week, a longer-term refinancing operation of EUR 5.8 billion matured and a new one of EUR 6.8 billion was settled, while EUR 0.3 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with virtually nil in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 70.6 billion (compared with EUR 87.2 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 0.5 billion to EUR 250.1 billion. This decrease was due to the redemption of securities acquired under the first and second covered bond purchase programmes. Therefore, in the week ending 30 August 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 190.7 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 43.7 billion and EUR 15.8 billion respectively. All three portfolios are accounted for on a held-to-maturity basis.

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) increased by EUR 16.1 billion to EUR 272.3 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 319,969 0
2 Claims on non-euro area residents denominated in foreign currency 249,648 −781
2.1 Receivables from the IMF 84,569 −86
2.2 Balances with banks and security investments, external loans and other external assets 165,079 −695
3 Claims on euro area residents denominated in foreign currency 23,960 1,154
4 Claims on non-euro area residents denominated in euro 22,304 29
4.1 Balances with banks, security investments and loans 22,304 29
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 790,549 200
5.1 Main refinancing operations 97,126 −604
5.2 Longer-term refinancing operations 693,292 687
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 131 116
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 79,674 −1,174
7 Securities of euro area residents denominated in euro 603,118 583
7.1 Securities held for monetary policy purposes 250,139 −458
7.2 Other securities 352,979 1,041
8 General government debt denominated in euro 28,356 0
9 Other assets 243,062 −205
Total assets 2,360,639 −193
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 919,379 1,032
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 533,479 −2,450
2.1 Current accounts (covering the minimum reserve system) 272,260 16,112
2.2 Deposit facility 70,569 −16,655
2.3 Fixed-term deposits 190,500 −2,000
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 149 93
3 Other liabilities to euro area credit institutions denominated in euro 5,565 −574
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 108,765 −692
5.1 General government 86,445 −208
5.2 Other liabilities 22,320 −484
6 Liabilities to non-euro area residents denominated in euro 135,006 3,223
7 Liabilities to euro area residents denominated in foreign currency 1,840 250
8 Liabilities to non-euro area residents denominated in foreign currency 5,762 −108
8.1 Deposits, balances and other liabilities 5,762 −108
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 54,240 0
10 Other liabilities 221,504 −875
11 Revaluation accounts 284,680 0
12 Capital and reserves 90,419 0
Total liabilities 2,360,639 −193
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