Consolidated financial statement of the Eurosystem as at 18 June 2010

22 June 2010

Items not related to monetary policy operations

In the week ending 18 June 2010 the decrease of EUR 1 million in gold and gold receivables (asset item 1) reflected a technical adjustment carried out by a 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 0.1 billion to EUR 172.8 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 2 billion to EUR 300.8 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.8 billion to EUR 808.9 billion. Liabilities to general government (liability item 5.1) increased by EUR 8.5 billion to EUR 131 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 161 billion to EUR 565.7 billion. On Wednesday, 16 June 2010, a main refinancing operation of EUR 122 billion matured and a new one of EUR 126.7 billion was settled. On the same date, a longer-term refinancing operation of EUR 20.5 billion matured and a new one of EUR 31.6 billion was settled. Also on Wednesday, 16 June 2010, fixed-term deposits in an amount of EUR 40.5 billion matured and new deposits in an amount of EUR 47 billion with a maturity of one week were collected.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.4 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 232 billion (compared with EUR 384.3 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 5.9 billion to EUR 109.6 billion as a result of settled purchases of EUR 4 billion under the Securities Markets Programme and of EUR 1.9 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) increased by EUR 157.9 billion to EUR 295.7 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 213,718 61
2.1 Receivables from the IMF 69,365 −10
2.2 Balances with banks and security investments, external loans and other external assets 144,353 71
3 Claims on euro area residents denominated in foreign currency 27,875 −717
4 Claims on non-euro area residents denominated in euro 16,451 −582
4.1 Balances with banks, security investments and loans 16,451 −582
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 844,913 15,391
5.1 Main refinancing operations 126,672 4,633
5.2 Longer-term refinancing operations 718,199 11,123
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 11 −356
5.6 Credits related to margin calls 32 −9
6 Other claims on euro area credit institutions denominated in euro 39,365 −1,086
7 Securities of euro area residents denominated in euro 410,377 3,915
7.1 Securities held for monetary policy purposes 109,603 5,870
7.2 Other securities 300,774 −1,955
8 General government debt denominated in euro 35,576 0
9 Other assets 249,774 633
Total assets 2,124,740 17,614
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 808,925 −818
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 574,912 12,302
2.1 Current accounts (covering the minimum reserve system) 295,683 157,869
2.2 Deposit facility 232,045 −152,215
2.3 Fixed-term deposits 47,000 6,500
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 184 148
3 Other liabilities to euro area credit institutions denominated in euro 1,044 321
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 139,563 8,958
5.1 General government 131,019 8,536
5.2 Other liabilities 8,544 422
6 Liabilities to non-euro area residents denominated in euro 41,794 648
7 Liabilities to euro area residents denominated in foreign currency 1,051 −40
8 Liabilities to non-euro area residents denominated in foreign currency 14,698 −737
8.1 Deposits, balances and other liabilities 14,698 −737
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 162,591 −3,019
11 Revaluation accounts 249,205 0
12 Capital and reserves 77,922 0
Total liabilities 2,124,740 17,614

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