Consolidated financial statement of the Eurosystem as at 26 February 2010

2 March 2010

Items not related to monetary policy operations

In the week ending 26 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 1.3 billion to EUR 160.7 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 0.6 billion to EUR 297.1 billion. Banknotes in circulation (liability item 1) increased by EUR 1.5 billion to EUR 784.3 billion. Liabilities to general government (liability item 5.1) increased by EUR 2.7 billion to EUR 126.2 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 8.0 billion to EUR 524.2 billion. On Wednesday, 24 February 2010, a main refinancing operation of EUR 82.0 billion matured and a new one of EUR 81.4 billion was settled. On Thursday, 25 February 2010, a longer-term refinancing operation of EUR 2.1 billion matured and a new one of EUR 10.2 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 202.7 billion (compared with EUR 187.0 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.4 billion to EUR 38.7 billion in the week ending 26 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 8.0 billion to EUR 199.8 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 197,574 1,875
2.1 Receivables from the IMF 64,410 1,363
2.2 Balances with banks and security investments, external loans and other external assets 133,164 511
3 Claims on euro area residents denominated in foreign currency 28,265 −583
4 Claims on non-euro area residents denominated in euro 15,379 −1,893
4.1 Balances with banks, security investments and loans 15,379 −1,893
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 726,910 7,740
5.1 Main refinancing operations 82,023 −514
5.2 Longer-term refinancing operations 644,680 8,137
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 178 116
5.6 Credits related to margin calls 29 1
6 Other claims on euro area credit institutions denominated in euro 26,724 −877
7 Securities of euro area residents denominated in euro 335,796 1,944
7.1 Securities held for monetary policy purposes 38,744 1,352
7.2 Other securities 297,052 591
8 General government debt denominated in euro 36,121 0
9 Other assets 255,328 −59
Total assets 1,889,017 8,146
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 784,287 1,486
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 402,497 7,721
2.1 Current accounts (covering the minimum reserve system) 199,828 −7,970
2.2 Deposit facility 202,669 15,694
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 0 −4
3 Other liabilities to euro area credit institutions denominated in euro 570 143
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 134,298 2,772
5.1 General government 126,177 2,722
5.2 Other liabilities 8,121 50
6 Liabilities to non-euro area residents denominated in euro 40,504 542
7 Liabilities to euro area residents denominated in foreign currency 1,861 −954
8 Liabilities to non-euro area residents denominated in foreign currency 12,055 909
8.1 Deposits, balances and other liabilities 12,055 909
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 166,519 −4,960
11 Revaluation accounts 220,213 0
12 Capital and reserves 74,965 488
Total liabilities 1,889,017 8,146

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