Consolidated financial statement of the Eurosystem as at 25 June 2010

29 June 2010

Items not related to monetary policy operations

In the week ending 25 June 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) decreased by EUR 0.2 billion to EUR 172.6 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 1.4 billion to EUR 299.4 billion. Banknotes in circulation (liability item 1) increased by EUR 0.8 billion to EUR 809.8 billion. Liabilities to general government (liability item 5.1) rose by EUR 24.4 billion to EUR 155.4 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 30.8 billion to EUR 534.9 billion. On Wednesday, 23 June 2010, a main refinancing operation of EUR 126.7 billion matured and a new one of EUR 151.5 billion was settled. On the same date, fixed-term deposits in an amount of EUR 47 billion matured and new deposits in an amount of EUR 51 billion with a maturity of one week were collected.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.6 billion (compared with virtually nil in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 284.4 billion (compared with EUR 232 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 5.5 billion to EUR 115.1 billion as a result of settled purchases of EUR 4.2 billion under the Securities Markets Programme and of EUR 1.3 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 50.6 billion to EUR 245.1 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 286,690 0
2 Claims on non-euro area residents denominated in foreign currency 212,992 −727
2.1 Receivables from the IMF 69,343 −23
2.2 Balances with banks and security investments, external loans and other external assets 143,649 −704
3 Claims on euro area residents denominated in foreign currency 28,287 412
4 Claims on non-euro area residents denominated in euro 16,276 −175
4.1 Balances with banks, security investments and loans 16,276 −175
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 870,354 25,441
5.1 Main refinancing operations 151,512 24,840
5.2 Longer-term refinancing operations 718,236 37
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 565 554
5.6 Credits related to margin calls 42 10
6 Other claims on euro area credit institutions denominated in euro 42,231 2,866
7 Securities of euro area residents denominated in euro 414,448 4,071
7.1 Securities held for monetary policy purposes 115,097 5,494
7.2 Other securities 299,351 −1,423
8 General government debt denominated in euro 35,576 0
9 Other assets 247,391 −2,383
Total assets 2,154,245 29,505
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 809,750 825
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 580,559 5,646
2.1 Current accounts (covering the minimum reserve system) 245,063 −50,620
2.2 Deposit facility 284,357 52,312
2.3 Fixed-term deposits 51,000 4,000
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 138 −46
3 Other liabilities to euro area credit institutions denominated in euro 1,038 −6
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 163,543 23,980
5.1 General government 155,424 24,405
5.2 Other liabilities 8,119 −425
6 Liabilities to non-euro area residents denominated in euro 41,429 −365
7 Liabilities to euro area residents denominated in foreign currency 957 −95
8 Liabilities to non-euro area residents denominated in foreign currency 14,648 −50
8.1 Deposits, balances and other liabilities 14,648 −50
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 162,161 −431
11 Revaluation accounts 249,205 0
12 Capital and reserves 77,922 0
Total liabilities 2,154,245 29,505

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