Consolidated financial statement of the Eurosystem as at 9 July 2010

13 July 2010

Items not related to monetary policy operations

In the week ending 9 July 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) increased by EUR 0.3 billion to EUR 191.1 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) increased by EUR 470 million to EUR 297.1 billion. Banknotes in circulation (liability item 1) increased by EUR 2.4 billion to EUR 818.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 14.9 billion to EUR 100.8 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 46.6 billion to EUR 370.5 billion. On Wednesday, 7 July 2010, a main refinancing operation of EUR 162.9 billion matured and a new one of EUR 229.1 billion was settled. On the same date a liquidity-providing fine-tuning operation of EUR 111.2 billion matured. Also on Wednesday, 7 July 2010, fixed-term deposits in an amount of EUR 31.9 billion matured and new deposits were collected in an amount of EUR 59 billion, with a maturity of one week.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.5 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 205.5 billion (compared with EUR 231.7 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 832 million to EUR 120.9 billion as a result of settled purchases of EUR 796.5 million under the Securities Markets Programme and of EUR 35.5 million 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 33.6 billion to EUR 126.8 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 352,092 0
2 Claims on non-euro area residents denominated in foreign currency 234,242 1,603
2.1 Receivables from the IMF 74,040 −38
2.2 Balances with banks and security investments, external loans and other external assets 160,202 1,641
3 Claims on euro area residents denominated in foreign currency 30,780 −564
4 Claims on non-euro area residents denominated in euro 17,545 662
4.1 Balances with banks, security investments and loans 17,545 662
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 635,009 −45,567
5.1 Main refinancing operations 229,070 66,158
5.2 Longer-term refinancing operations 405,927 0
5.3 Fine-tuning reverse operations 0 −111,237
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1 −482
5.6 Credits related to margin calls 10 −5
6 Other claims on euro area credit institutions denominated in euro 43,009 −762
7 Securities of euro area residents denominated in euro 418,037 1,302
7.1 Securities held for monetary policy purposes 120,894 832
7.2 Other securities 297,143 470
8 General government debt denominated in euro 35,037 −48
9 Other assets 238,995 −1,690
Total assets 2,004,747 −45,063
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 818,831 2,361
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 391,437 −32,595
2.1 Current accounts (covering the minimum reserve system) 126,783 −33,597
2.2 Deposit facility 205,544 −26,173
2.3 Fixed-term deposits 59,000 27,134
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 109 40
3 Other liabilities to euro area credit institutions denominated in euro 645 −173
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 108,907 −14,934
5.1 General government 100,829 −14,872
5.2 Other liabilities 8,078 −62
6 Liabilities to non-euro area residents denominated in euro 42,190 307
7 Liabilities to euro area residents denominated in foreign currency 915 −11
8 Liabilities to non-euro area residents denominated in foreign currency 16,281 800
8.1 Deposits, balances and other liabilities 16,281 800
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 56,711 0
10 Other liabilities 161,822 −818
11 Revaluation accounts 328,818 0
12 Capital and reserves 78,191 0
Total liabilities 2,004,747 −45,063

Media contacts