Consolidated financial statement of the Eurosystem as at 6 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.