Consolidated financial statement of the Eurosystem as at 23 July 2010

27 July 2010

Items not related to monetary policy operations

In the week ending 23 July 2010 the decrease of EUR 123 million in gold and gold receivables (asset item 1) corresponded to the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement) and the purchase of gold by another Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.1 billion to EUR 191.2 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 1.3 billion to EUR 297.1 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.5 billion to EUR 817.5 billion. Liabilities to general government (liability item 5.1) rose by EUR 25 billion to EUR 116.9 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 3 billion to EUR 503.9 billion. On Wednesday, 21 July 2010, a main refinancing operation of EUR 195.7 billion matured and a new one of EUR 201.3 billion was settled. On the same date, fixed-term deposits in an amount of EUR 60 billion matured and new deposits in an amount of EUR 60 billion were collected, 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 61.3 billion (compared with EUR 58.6 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 176 million to EUR 121.4 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) decreased by EUR 20.6 billion to EUR 245.3 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 351,970 −123
2 Claims on non-euro area residents denominated in foreign currency 235,568 1,497
2.1 Receivables from the IMF 73,965 −25
2.2 Balances with banks and security investments, external loans and other external assets 161,602 1,522
3 Claims on euro area residents denominated in foreign currency 29,840 −640
4 Claims on non-euro area residents denominated in euro 18,066 −1,624
4.1 Balances with banks, security investments and loans 18,066 −1,624
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 625,198 5,792
5.1 Main refinancing operations 201,286 5,625
5.2 Longer-term refinancing operations 423,722 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 3 2
5.6 Credits related to margin calls 187 165
6 Other claims on euro area credit institutions denominated in euro 44,382 1,752
7 Securities of euro area residents denominated in euro 418,516 1,442
7.1 Securities held for monetary policy purposes 121,372 176
7.2 Other securities 297,143 1,265
8 General government debt denominated in euro 35,041 0
9 Other assets 235,031 −1,473
Total assets 1,993,612 6,623
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 817,525 −1,468
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 366,596 −17,844
2.1 Current accounts (covering the minimum reserve system) 245,255 −20,611
2.2 Deposit facility 61,325 2,774
2.3 Fixed-term deposits 60,000 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 17 −8
3 Other liabilities to euro area credit institutions denominated in euro 1,392 766
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 124,824 24,796
5.1 General government 116,916 25,003
5.2 Other liabilities 7,908 −208
6 Liabilities to non-euro area residents denominated in euro 42,181 −603
7 Liabilities to euro area residents denominated in foreign currency 906 −3
8 Liabilities to non-euro area residents denominated in foreign currency 16,633 957
8.1 Deposits, balances and other liabilities 16,633 957
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 159,835 24
11 Revaluation accounts 328,818 0
12 Capital and reserves 78,190 −1
Total liabilities 1,993,612 6,623

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