Consolidated financial statement of the Eurosystem as at 11 June 2010

15 June 2010

Items not related to monetary policy operations

In the week ending 11 June 2010 the decrease of EUR 1 million in gold and gold receivables (asset item 1) reflected the net sale 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) decreased by EUR 0.6 billion to EUR 172.7 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) decreased by EUR 1.7 billion to EUR 302.7 billion. Banknotes in circulation (liability item 1) increased by EUR 0.3 billion to EUR 809.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 5.3 billion to EUR 122.5 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 35.9 billion to EUR 404.7 billion. On Wednesday, 9 June 2010, a main refinancing operation of EUR 117.7 billion matured and a new one of EUR 122 billion was settled. On the same date, deposits in an amount of EUR 35 billion matured and new deposits with a maturity of one week were collected in an amount of EUR 40.5 billion. On Thursday, 10 June 2010, a longer-term refinancing operation of EUR 1.7 billion matured.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.4 billion (compared with virtually nil in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 384.3 billion (compared with EUR 350.9 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 7.6 billion to EUR 103.7 billion as a result of settled purchases of EUR 6.7 billion under the Securities Markets Programme and of EUR 0.9 billion under the euro-denominated covered bond purchase programme.

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 33.5 billion to EUR 137.8 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 286,691 −1
2 Claims on non-euro area residents denominated in foreign currency 213,657 637
2.1 Receivables from the IMF 69,375 −65
2.2 Balances with banks and security investments, external loans and other external assets 144,282 702
3 Claims on euro area residents denominated in foreign currency 28,591 −113
4 Claims on non-euro area residents denominated in euro 17,033 −810
4.1 Balances with banks, security investments and loans 17,033 −810
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 829,523 2,946
5.1 Main refinancing operations 122,039 4,312
5.2 Longer-term refinancing operations 707,076 −1,728
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 367 359
5.6 Credits related to margin calls 41 4
6 Other claims on euro area credit institutions denominated in euro 40,451 2,877
7 Securities of euro area residents denominated in euro 406,461 5,812
7.1 Securities held for monetary policy purposes 103,733 7,554
7.2 Other securities 302,729 −1,743
8 General government debt denominated in euro 35,576 0
9 Other assets 249,141 −2,730
Total assets 2,107,126 8,618
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 809,744 302
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 562,610 5,353
2.1 Current accounts (covering the minimum reserve system) 137,814 −33,511
2.2 Deposit facility 384,260 33,359
2.3 Fixed-term deposits 40,500 5,500
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 36 6
3 Other liabilities to euro area credit institutions denominated in euro 723 110
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 130,605 5,234
5.1 General government 122,484 5,329
5.2 Other liabilities 8,122 −95
6 Liabilities to non-euro area residents denominated in euro 41,146 506
7 Liabilities to euro area residents denominated in foreign currency 1,092 −1,093
8 Liabilities to non-euro area residents denominated in foreign currency 15,434 2,170
8.1 Deposits, balances and other liabilities 15,434 2,170
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 53,033 0
10 Other liabilities 165,611 −4,572
11 Revaluation accounts 249,205 0
12 Capital and reserves 77,922 608
Total liabilities 2,107,126 8,618

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