Consolidated financial statement of the Eurosystem as at 16 July 2010

20 July 2010

Items not related to monetary policy operations

In the week ending 16 July 2010 the increase of EUR 1 million in gold and gold receivables (asset item 1) reflected the net purchase 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) increased by EUR 0.1 billion to EUR 191.3 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 1.3 billion to EUR 295.9 billion. Banknotes in circulation (liability item 1) increased by EUR 0.2 billion to EUR 819 billion. Liabilities to general government (liability item 5.1) decreased by EUR 8.9 billion to EUR 91.9 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 130.5 billion to EUR 500.8 billion. On Wednesday, 14 July 2010, a main refinancing operation of EUR 229.1 billion matured and a new one of EUR 195.7 billion was settled. On the same date a longer-term refinancing operation of EUR 31.6 billion matured and a new one of EUR 49.4 billion was settled. Also on Wednesday, 14 July 2010, fixed-term deposits in an amount of EUR 59 billion matured and new deposits were collected in an amount of EUR 60 billion, with a maturity of one week.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (approximately the same as in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 58.6 billion (compared with EUR 205.5 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 302 million to EUR 121.2 billion as a result of settled purchases under the Securities Markets 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 139.1 billion to EUR 265.9 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 352,093 1
2 Claims on non-euro area residents denominated in foreign currency 234,071 −171
2.1 Receivables from the IMF 73,990 −49
2.2 Balances with banks and security investments, external loans and other external assets 160,080 −122
3 Claims on euro area residents denominated in foreign currency 30,479 −301
4 Claims on non-euro area residents denominated in euro 19,690 2,144
4.1 Balances with banks, security investments and loans 19,690 2,144
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 619,406 −15,603
5.1 Main refinancing operations 195,661 −33,410
5.2 Longer-term refinancing operations 423,722 17,795
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1 −1
5.6 Credits related to margin calls 22 12
6 Other claims on euro area credit institutions denominated in euro 42,630 −379
7 Securities of euro area residents denominated in euro 417,074 −963
7.1 Securities held for monetary policy purposes 121,196 302
7.2 Other securities 295,878 −1,265
8 General government debt denominated in euro 35,041 4
9 Other assets 236,504 −2,491
Total assets 1,986,989 −17,759
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 818,993 162
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 384,440 −6,996
2.1 Current accounts (covering the minimum reserve system) 265,865 139,082
2.2 Deposit facility 58,550 −146,994
2.3 Fixed-term deposits 60,000 1,000
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 25 −84
3 Other liabilities to euro area credit institutions denominated in euro 626 −18
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 100,028 −8,879
5.1 General government 91,913 −8,916
5.2 Other liabilities 8,115 37
6 Liabilities to non-euro area residents denominated in euro 42,785 595
7 Liabilities to euro area residents denominated in foreign currency 909 −6
8 Liabilities to non-euro area residents denominated in foreign currency 15,676 −605
8.1 Deposits, balances and other liabilities 15,676 −605
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 159,811 −2,011
11 Revaluation accounts 328,818 0
12 Capital and reserves 78,191 0
Total liabilities 1,986,989 −17,759

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