Consolidated financial statement of the Eurosystem as at 19 March 2010

23 March 2010

Items not related to monetary policy operations

In the week ending 19 March 2010 the increase of EUR 1 million in gold and gold receivables (asset item 1) reflected the purchase of gold coin by one Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.2 billion to EUR 161 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 0.5 billion to EUR 297.8 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.4 billion to EUR 787.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 8.6 billion to EUR 113.5 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 34.2 billion to EUR 528.3 billion. On Wednesday, 17 March 2010, a main refinancing operation of EUR 78.4 billion matured and a new one of EUR 79 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 195.1 billion (compared with EUR 160.3 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 0.9 billion to EUR 42.4 billion in the week ending 19 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) decreased by EUR 39.6 billion to EUR 223.1 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 266,920 1
2 Claims on non-euro area residents denominated in foreign currency 198,025 817
2.1 Receivables from the IMF 64,235 −62
2.2 Balances with banks and security investments, external loans and other external assets 133,790 879
3 Claims on euro area residents denominated in foreign currency 28,375 88
4 Claims on non-euro area residents denominated in euro 16,125 383
4.1 Balances with banks, security investments and loans 16,125 383
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 723,427 578
5.1 Main refinancing operations 79,032 629
5.2 Longer-term refinancing operations 644,314 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 52 −55
5.6 Credits related to margin calls 29 3
6 Other claims on euro area credit institutions denominated in euro 25,429 −1,757
7 Securities of euro area residents denominated in euro 340,258 1,407
7.1 Securities held for monetary policy purposes 42,442 899
7.2 Other securities 297,817 508
8 General government debt denominated in euro 36,137 0
9 Other assets 255,015 1,499
Total assets 1,889,712 3,015
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 787,725 −408
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 418,218 −4,745
2.1 Current accounts (covering the minimum reserve system) 223,079 −39,570
2.2 Deposit facility 195,137 34,825
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 589 −1,820
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 121,602 8,657
5.1 General government 113,490 8,621
5.2 Other liabilities 8,112 36
6 Liabilities to non-euro area residents denominated in euro 37,860 −987
7 Liabilities to euro area residents denominated in foreign currency 1,551 232
8 Liabilities to non-euro area residents denominated in foreign currency 12,559 485
8.1 Deposits, balances and other liabilities 12,559 485
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 163,104 1,525
11 Revaluation accounts 220,213 0
12 Capital and reserves 75,043 78
Total liabilities 1,889,712 3,015

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