Consolidated financial statement of the Eurosystem as at 5 February 2010

Items not related to monetary policy operations

In the week ending 5 February 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) increased by EUR 0.3 billion to EUR 159 billion on account of customer and portfolio transactions.

After 31 January 2010 Swiss franc liquidity-providing operations are no longer being conducted, as announced on 18 January 2010.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 0.2 billion to EUR 297.8 billion. Banknotes in circulation (liability item 1) increased by EUR 1.7 billion to EUR 785.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 21.9 billion to EUR 113.4 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 71.7 billion to EUR 489.3 billion. On Wednesday, 3 February 2010, a main refinancing operation of EUR 63.4 billion matured and a new one of EUR 55.8 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 229.4 billion (compared with EUR 165.3 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.3 billion to EUR 34.8 billion in the week ending 5 February 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 50.3 billion to EUR 169.3 billion.