Consolidated financial statement of the Eurosystem as at 26 March 2010

30 March 2010

Items not related to monetary policy operations

In the week ending 26 March 2010 the decrease of EUR 1 million in gold and gold receivables (asset item 1) reflected the sale of gold coins 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 161.3 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) rose by EUR 1.6 billion to EUR 299.4 billion. Banknotes in circulation (liability item 1) increased by EUR 3.6 billion to EUR 791.3 billion. Liabilities to general government (liability item 5.1) rose by EUR 6.7 billion to EUR 120.2 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 16.8 billion to EUR 511.5 billion. On Wednesday, 24 March 2010, a main refinancing operation of EUR 79 billion matured and a new one of EUR 81 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 213.9 billion (compared with EUR 195.1 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.1 billion to EUR 43.5 billion in the week ending 26 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 23.2 billion to EUR 199.9 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 −1
2 Claims on non-euro area residents denominated in foreign currency 198,591 566
2.1 Receivables from the IMF 64,350 115
2.2 Balances with banks and security investments, external loans and other external assets 134,241 451
3 Claims on euro area residents denominated in foreign currency 28,461 86
4 Claims on non-euro area residents denominated in euro 15,658 −468
4.1 Balances with banks, security investments and loans 15,658 −468
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 725,409 1,982
5.1 Main refinancing operations 81,062 2,030
5.2 Longer-term refinancing operations 644,314 1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1 −52
5.6 Credits related to margin calls 33 4
6 Other claims on euro area credit institutions denominated in euro 27,156 1,726
7 Securities of euro area residents denominated in euro 342,936 2,678
7.1 Securities held for monetary policy purposes 43,548 1,106
7.2 Other securities 299,388 1,572
8 General government debt denominated in euro 36,147 10
9 Other assets 253,620 −1,396
Total assets 1,894,898 5,185
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 791,340 3,615
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 413,837 −4,381
2.1 Current accounts (covering the minimum reserve system) 199,900 −23,180
2.2 Deposit facility 213,935 18,798
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 3 1
3 Other liabilities to euro area credit institutions denominated in euro 774 185
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 128,247 6,644
5.1 General government 120,213 6,722
5.2 Other liabilities 8,034 −78
6 Liabilities to non-euro area residents denominated in euro 37,626 −234
7 Liabilities to euro area residents denominated in foreign currency 1,632 81
8 Liabilities to non-euro area residents denominated in foreign currency 12,910 351
8.1 Deposits, balances and other liabilities 12,910 351
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 160,636 −2,468
11 Revaluation accounts 220,213 0
12 Capital and reserves 76,433 1,390
Total liabilities 1,894,898 5,185

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