Consolidated financial statement of the Eurosystem as at 25 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.