Consolidated financial statement of the Eurosystem as at 19 February 2010

23 February 2010

Items not related to monetary policy operations

In the week ending 19 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 0.4 billion to EUR 159.3 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) decreased by EUR 1.5 billion to EUR 296.5 billion. Banknotes in circulation (liability item 1) decreased by EUR 2.4 billion to EUR 782.8 billion. Liabilities to general government (liability item 5.1) increased by EUR 16.0 billion to EUR 123.5 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) decreased by EUR 34.8 billion to EUR 532.2 billion. On Wednesday, 17 February 2010, a main refinancing operation of EUR 76.1 billion matured and a new one of EUR 82.0 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 3.9 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 187.0 billion (compared with EUR 150.1 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.3 billion to EUR 37.4 billion in the week ending 19 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 46.9 billion to EUR 207.8 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 195,699 2,288
2.1 Receivables from the IMF 63,047 204
2.2 Balances with banks and security investments, external loans and other external assets 132,652 2,084
3 Claims on euro area residents denominated in foreign currency 28,848 −347
4 Claims on non-euro area residents denominated in euro 17,272 198
4.1 Balances with banks, security investments and loans 17,272 198
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 719,170 2,073
5.1 Main refinancing operations 82,537 5,846
5.2 Longer-term refinancing operations 636,543 36
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 62 −3,815
5.6 Credits related to margin calls 28 6
6 Other claims on euro area credit institutions denominated in euro 27,601 173
7 Securities of euro area residents denominated in euro 333,852 −188
7.1 Securities held for monetary policy purposes 37,392 1,278
7.2 Other securities 296,460 −1,466
8 General government debt denominated in euro 36,121 0
9 Other assets 255,387 1,986
Total assets 1,880,871 6,183
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 782,801 −2,353
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 394,777 −10,032
2.1 Current accounts (covering the minimum reserve system) 207,798 −46,899
2.2 Deposit facility 186,975 36,863
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 4 3
3 Other liabilities to euro area credit institutions denominated in euro 427 −31
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 131,525 15,824
5.1 General government 123,454 15,971
5.2 Other liabilities 8,071 −147
6 Liabilities to non-euro area residents denominated in euro 39,962 −135
7 Liabilities to euro area residents denominated in foreign currency 2,815 253
8 Liabilities to non-euro area residents denominated in foreign currency 11,145 1,273
8.1 Deposits, balances and other liabilities 11,145 1,273
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 171,479 1,389
11 Revaluation accounts 220,213 0
12 Capital and reserves 74,477 −4
Total liabilities 1,880,871 6,183

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