Consolidated financial statement of the Eurosystem as at 12 February 2010

16 February 2010

Items not related to monetary policy operations

In the week ending 12 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) remained virtually unchanged at EUR 158.9 billion on account of customer and portfolio transactions.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 0.1 billion to EUR 297.9 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.1 billion to EUR 785.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 5.9 billion to EUR 107.5 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 77.7 billion to EUR 567 billion. On Wednesday, 10 February 2010, a main refinancing operation of EUR 55.8 billion matured and a new one of EUR 76.1 billion was settled. On the same day, a longer-term refinancing operation of EUR 5.7 billion, with a maturity of one month, matured and a new one of EUR 2.8 billion was settled. On Thursday, 11 February 2010, a longer-term refinancing operation of EUR 10.8 billion, with a maturity of three months, matured, as did a longer-term refinancing operation of EUR 11.9 billion, with a maturity of six months.

Recourse to the marginal lending facility (asset item 5.5) was EUR 3.9 billion (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 150.1 billion (compared with EUR 229.4 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 36.1 billion in the week ending 12 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) increased by EUR 85.4 billion to EUR 254.7 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 266,919 0
2 Claims on non-euro area residents denominated in foreign currency 193,411 −1,114
2.1 Receivables from the IMF 62,843 0
2.2 Balances with banks and security investments, external loans and other external assets 130,568 −1,114
3 Claims on euro area residents denominated in foreign currency 29,196 162
4 Claims on non-euro area residents denominated in euro 17,074 −687
4.1 Balances with banks, security investments and loans 17,074 −687
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 717,097 −1,567
5.1 Main refinancing operations 76,692 20,258
5.2 Longer-term refinancing operations 636,507 −25,652
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 3,876 3,825
5.6 Credits related to margin calls 22 2
6 Other claims on euro area credit institutions denominated in euro 27,429 501
7 Securities of euro area residents denominated in euro 334,041 1,416
7.1 Securities held for monetary policy purposes 36,114 1,310
7.2 Other securities 297,927 106
8 General government debt denominated in euro 36,121 0
9 Other assets 253,400 1,475
Total assets 1,874,687 187
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 785,154 −77
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 404,809 6,193
2.1 Current accounts (covering the minimum reserve system) 254,697 85,444
2.2 Deposit facility 150,112 −79,251
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 0
3 Other liabilities to euro area credit institutions denominated in euro 458 −33
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 115,701 −5,907
5.1 General government 107,484 −5,866
5.2 Other liabilities 8,218 −41
6 Liabilities to non-euro area residents denominated in euro 40,097 63
7 Liabilities to euro area residents denominated in foreign currency 2,562 −340
8 Liabilities to non-euro area residents denominated in foreign currency 9,873 −567
8.1 Deposits, balances and other liabilities 9,873 −567
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 51,249 0
10 Other liabilities 170,090 410
11 Revaluation accounts 220,213 0
12 Capital and reserves 74,481 445
Total liabilities 1,874,687 187

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