Consolidated financial statement of the Eurosystem as at 30 October 2009

3 November 2009

Items not related to monetary policy operations

In the week ending 30 October 2009 the increase of EUR 1 million in gold and gold receivables (asset item 1) reflected the purchase of gold coin by one Eurosystem central bank.

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 174.2 billion on account of customer and portfolio transactions and the US dollar liquidity-providing transactions.

Extraordinary transactions

Value date Type of transaction Maturing amount New amount
28 October 2009 7-day Swiss franc liquidity-providing EUR/CHF foreign exchange swap CHF 8 billion CHF 7.4 billion
29 October 2009 7-day US dollar liquidity-providing reverse transaction USD 24.2 billion USD 23.1 billion

The liquidity-providing transactions were conducted by the Eurosystem in connection with the temporary reciprocal currency arrangements (swap lines) that the European Central Bank has with the Swiss National Bank and the Federal Reserve System. The EUR/CHF foreign exchange swap had no effect on the net position of the Eurosystem in foreign currency.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) decreased by EUR 2.8 billion to EUR 302.9 billion. Banknotes in circulation (liability item 1) increased by EUR 2.9 billion to EUR 771.6 billion. Liabilities to general government (liability item 5.1) increased by EUR 20.8 billion to EUR 173.9 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 14.4 billion to EUR 584.5 billion. On Wednesday, 28 October 2009, a main refinancing operation of EUR 49.8 billion matured and a new one of EUR 48.7 billion was settled. On Thursday, 29 October 2009, a longer-term refinancing operation of EUR 9.5 billion matured and a new one of EUR 3.3 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (approximately the same as in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 87.8 billion (compared with EUR 80.7 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 0.9 billion to EUR 20.6 billion in the week ending 30 October 2009.

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 30.1 billion to EUR 189.5 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 238,169 1
2 Claims on non-euro area residents denominated in foreign currency 194,720 −287
2.1 Receivables from the IMF 63,219 72
2.2 Balances with banks and security investments, external loans and other external assets 131,500 −359
3 Claims on euro area residents denominated in foreign currency 43,030 −1,080
4 Claims on non-euro area residents denominated in euro 16,430 1,117
4.1 Balances with banks, security investments and loans 16,430 1,117
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 672,303 −7,280
5.1 Main refinancing operations 49,360 −1,143
5.2 Longer-term refinancing operations 622,749 −6,215
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 139 60
5.6 Credits related to margin calls 56 18
6 Other claims on euro area credit institutions denominated in euro 19,860 −1,255
7 Securities of euro area residents denominated in euro 323,540 −1,897
7.1 Securities held for monetary policy purposes 20,641 896
7.2 Other securities 302,899 −2,793
8 General government debt denominated in euro 36,195 −10
9 Other assets 234,753 3,569
Total assets 1,779,000 −7,122
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 771,610 2,876
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 277,334 −22,931
2.1 Current accounts (covering the minimum reserve system) 189,499 −30,067
2.2 Deposit facility 87,833 7,136
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 0
3 Other liabilities to euro area credit institutions denominated in euro 412 44
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 182,279 14,927
5.1 General government 173,931 20,815
5.2 Other liabilities 8,348 −5,888
6 Liabilities to non-euro area residents denominated in euro 65,750 −3,901
7 Liabilities to euro area residents denominated in foreign currency 4,532 2,076
8 Liabilities to non-euro area residents denominated in foreign currency 8,127 −2,916
8.1 Deposits, balances and other liabilities 8,127 −2,916
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 50,906 0
10 Other liabilities 152,838 2,703
11 Revaluation accounts 192,254 0
12 Capital and reserves 72,957 0
Total liabilities 1,779,000 −7,122

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