Consolidated financial statement of the Eurosystem as at 12 March 2010

16 March 2010

Items not related to monetary policy operations

In the week ending 12 March 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 160.9 billion.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 0.3 billion to EUR 297.3 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.2 billion to EUR 788.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 3.6 billion to EUR 104.9 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 97.4 billion to EUR 562.5 billion. On Wednesday, 10 March 2010, a main refinancing operation of EUR 80.5 billion matured and a new one of EUR 78.4 billion was settled. On the same day, a longer-term refinancing operation of EUR 2.8 billion, with a maturity of one month, matured and a new one of EUR 9.3 billion was settled. On Thursday, 11 March 2010, a longer-term refinancing operation of EUR 2.9 billion, with a maturity of three months, matured, as did a longer-term refinancing operation of EUR 3.69 billion, with a maturity of six months.

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 160.3 billion (compared with EUR 259.8 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.9 billion to EUR 41.5 billion in the week ending 12 March 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 98.7 billion to EUR 262.7 billion.

Other issues

It should be noted that some items of the consolidated weekly financial statement of the Eurosystem as at 5 March 2010 (published on 9 March 2010) have been updated, owing to the receipt of a revised balance sheet from one Eurosystem central bank, although the changes were immaterial.

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 197,208 −301
2.1 Receivables from the IMF 64,297 −68
2.2 Balances with banks and security investments, external loans and other external assets 132,911 −234
3 Claims on euro area residents denominated in foreign currency 28,287 532
4 Claims on non-euro area residents denominated in euro 15,743 −380
4.1 Balances with banks, security investments and loans 15,743 −380
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 722,849 −2,071
5.1 Main refinancing operations 78,402 −2,053
5.2 Longer-term refinancing operations 644,314 −64
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 107 48
5.6 Credits related to margin calls 26 −1
6 Other claims on euro area credit institutions denominated in euro 27,187 783
7 Securities of euro area residents denominated in euro 338,851 2,173
7.1 Securities held for monetary policy purposes 41,543 1,917
7.2 Other securities 297,309 256
8 General government debt denominated in euro 36,137 0
9 Other assets 253,516 −4,351
Total assets 1,886,697 −3,614
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 788,133 −239
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 422,963 −763
2.1 Current accounts (covering the minimum reserve system) 262,649 98,682
2.2 Deposit facility 160,312 −99,446
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 2 0
3 Other liabilities to euro area credit institutions denominated in euro 2,409 2,010
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 112,946 3,405
5.1 General government 104,870 3,566
5.2 Other liabilities 8,076 −161
6 Liabilities to non-euro area residents denominated in euro 38,847 −965
7 Liabilities to euro area residents denominated in foreign currency 1,319 −493
8 Liabilities to non-euro area residents denominated in foreign currency 12,074 676
8.1 Deposits, balances and other liabilities 12,074 676
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 161,579 −7,247
11 Revaluation accounts 220,213 0
12 Capital and reserves 74,965 0
Total liabilities 1,886,697 −3,614

Media contacts