Consolidated financial statement of the Eurosystem as at 27 November 2009

1 December 2009

Items not related to monetary policy operations

In the week ending 27 November 2009, 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 2 billion to EUR 168.7 billion on account of customer and portfolio transactions and US dollar liquidity-providing transactions.

Extraordinary transactions
Value date Type of transaction Maturing amount New amount
25 November 2009 7-day Swiss franc liquidity-providing EUR/CHF foreign exchange swap CHF 9.4 billion CHF 8 billion
27 November 2009 8-day US dollar liquidity-providing reverse transaction USD 19.9 billion -
27 November 2009 6-day US dollar liquidity-providing reverse transaction - USD 17.9 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) increased by EUR 0.7 billion to EUR 302.6 billion. Banknotes in circulation (liability item 1) increased by EUR 2.8 billion to EUR 774.4 billion. Liabilities to general government (liability item 5.1) increased by EUR 3 billion to EUR 158.4 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) decreased by EUR 22.7 billion to EUR 580.7 billion. On Wednesday, 25 November 2009, a main refinancing operation of EUR 52.6 billion matured and a new one of EUR 59.1 billion was settled. On Thursday, 26 November 2009, a longer-term refinancing operation of EUR 8.3 billion, with a maturity of three months, matured and a new one of EUR 2.1 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 0.8 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 68.3 billion (compared with EUR 46.1 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.1 billion to EUR 25.3 billion in the week ending 27 November 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 24.7 billion to EUR 205.1 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 238,147 0
2 Claims on non-euro area residents denominated in foreign currency 192,171 −1,605
2.1 Receivables from the IMF 62,057 −144
2.2 Balances with banks and security investments, external loans and other external assets 130,114 −1,461
3 Claims on euro area residents denominated in foreign currency 39,715 −1,457
4 Claims on non-euro area residents denominated in euro 17,401 330
4.1 Balances with banks, security investments and loans 17,401 330
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 649,004 −478
5.1 Main refinancing operations 59,745 6,487
5.2 Longer-term refinancing operations 589,147 −6,254
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 75 −698
5.6 Credits related to margin calls 37 −13
6 Other claims on euro area credit institutions denominated in euro 20,581 −1,477
7 Securities of euro area residents denominated in euro 327,870 1,786
7.1 Securities held for monetary policy purposes 25,271 1,099
7.2 Other securities 302,599 686
8 General government debt denominated in euro 36,190 −5
9 Other assets 238,106 615
Total assets 1,759,186 −2,290
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 774,392 2,776
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 273,389 −2,503
2.1 Current accounts (covering the minimum reserve system) 205,127 −24,699
2.2 Deposit facility 68,261 22,195
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 180 −234
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 166,636 3,033
5.1 General government 158,402 3,006
5.2 Other liabilities 8,234 27
6 Liabilities to non-euro area residents denominated in euro 56,964 −5,121
7 Liabilities to euro area residents denominated in foreign currency 3,244 −344
8 Liabilities to non-euro area residents denominated in foreign currency 9,028 −674
8.1 Deposits, balances and other liabilities 9,028 −674
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 159,234 776
11 Revaluation accounts 192,254 0
12 Capital and reserves 72,960 0
Total liabilities 1,759,186 −2,290

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