Consolidated financial statement of the Eurosystem as at 6 August 2010

10 August 2010

Items not related to monetary policy operations

In the week ending 6 August 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) remained virtually unchanged at EUR 191.7 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 0.9 billion to EUR 297.3 billion. Banknotes in circulation (liability item 1) increased by EUR 2 billion to EUR 822.6 billion. Liabilities to general government (liability item 5.1) decreased by EUR 34.8 billion to EUR 76 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 75.9 billion to EUR 375.2 billion. On Wednesday, 4 August 2010, a main refinancing operation of EUR 190 billion matured and a new one of EUR 154.8 billion was settled. On the same date, fixed-term deposits in an amount of EUR 60.5 billion matured and new deposits were collected in an amount of EUR 60.5 billion, with a maturity of one week.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 0.4 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 161.3 billion (compared with EUR 120.9 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 9 million as a result of purchases settled 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 41.6 billion to EUR 154.2 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 351,971 1
2 Claims on non-euro area residents denominated in foreign currency 236,080 −268
2.1 Receivables from the IMF 74,051 −51
2.2 Balances with banks and security investments, external loans and other external assets 162,028 −216
3 Claims on euro area residents denominated in foreign currency 30,391 919
4 Claims on non-euro area residents denominated in euro 17,566 −379
4.1 Balances with banks, security investments and loans 17,566 −379
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 597,060 −35,439
5.1 Main refinancing operations 154,844 −35,142
5.2 Longer-term refinancing operations 442,042 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 85 −280
5.6 Credits related to margin calls 88 −16
6 Other claims on euro area credit institutions denominated in euro 41,215 −1,719
7 Securities of euro area residents denominated in euro 418,724 955
7.1 Securities held for monetary policy purposes 121,463 9
7.2 Other securities 297,261 946
8 General government debt denominated in euro 35,041 0
9 Other assets 236,858 −825
Total assets 1,964,906 −36,754
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 822,560 1,977
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 376,075 −1,183
2.1 Current accounts (covering the minimum reserve system) 154,182 −41,616
2.2 Deposit facility 161,330 40,436
2.3 Fixed-term deposits 60,500 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 64 −2
3 Other liabilities to euro area credit institutions denominated in euro 846 −938
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 83,051 −35,074
5.1 General government 75,958 −34,842
5.2 Other liabilities 7,093 −232
6 Liabilities to non-euro area residents denominated in euro 41,362 −869
7 Liabilities to euro area residents denominated in foreign currency 1,015 −328
8 Liabilities to non-euro area residents denominated in foreign currency 17,043 947
8.1 Deposits, balances and other liabilities 17,043 947
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 159,234 −1,286
11 Revaluation accounts 328,818 0
12 Capital and reserves 78,191 0
Total liabilities 1,964,906 −36,754

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