Consolidated financial statement of the Eurosystem as at 13 August 2010

17 August 2010

Items not related to monetary policy operations

In the week ending 13 August 2010 the decrease of EUR 1 million in gold and gold receivables (asset item 1) reflected the trading 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) decreased by EUR 0.4 billion to EUR 191.3 billion on account of customer and portfolio transactions and US dollar liquidity-providing transactions.

Extraordinary transactions
Value date Type of transaction Maturing amount New amount
12 August 2010 7-day US dollar liquidity-providing reverse transaction - USD 0.4 billion
12 August 2010 84-day US dollar liquidity-providing reverse transaction USD 1.0 billion -

The liquidity-providing transactions were conducted by the Eurosystem in connection with the temporary reciprocal currency arrangement (swap line) that the European Central Bank has with the Federal Reserve System.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 1 billion to EUR 298.3 billion. Banknotes in circulation (liability item 1) decreased by EUR 2.7 billion to EUR 819.9 billion. Liabilities to general government (liability item 5.1) decreased by EUR 2.8 billion to EUR 73.1 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 94.5 billion to EUR 469.7 billion. On Wednesday, 11 August 2010, a main refinancing operation of EUR 154.9 billion matured and a new one of EUR 153.7 billion was settled. Also, on Wednesday, 11 August 2010, a longer-term refinancing operation of EUR 49.4 billion matured and a new one of EUR 39.1 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 0.3 billion (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 55.6 billion (compared with EUR 161.3 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 10 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) increased by EUR 101.3 billion to EUR 255.5 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 −1
2 Claims on non-euro area residents denominated in foreign currency 234,449 −1,631
2.1 Receivables from the IMF 74,048 −4
2.2 Balances with banks and security investments, external loans and other external assets 160,401 −1,627
3 Claims on euro area residents denominated in foreign currency 30,472 81
4 Claims on non-euro area residents denominated in euro 16,962 −604
4.1 Balances with banks, security investments and loans 16,962 −604
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 585,841 −11,219
5.1 Main refinancing operations 153,747 −1,098
5.2 Longer-term refinancing operations 431,791 −10,251
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 253 168
5.6 Credits related to margin calls 51 −38
6 Other claims on euro area credit institutions denominated in euro 39,529 −1,686
7 Securities of euro area residents denominated in euro 419,749 1,025
7.1 Securities held for monetary policy purposes 121,473 10
7.2 Other securities 298,276 1,015
8 General government debt denominated in euro 35,041 0
9 Other assets 239,071 2,213
Total assets 1,953,086 −11,821
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 819,892 −2,668
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 371,661 −4,414
2.1 Current accounts (covering the minimum reserve system) 255,513 101,331
2.2 Deposit facility 55,585 −105,744
2.3 Fixed-term deposits 60,500 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 63 −1
3 Other liabilities to euro area credit institutions denominated in euro 1,164 318
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 80,107 −2,944
5.1 General government 73,139 −2,818
5.2 Other liabilities 6,968 −126
6 Liabilities to non-euro area residents denominated in euro 40,596 −766
7 Liabilities to euro area residents denominated in foreign currency 1,016 1
8 Liabilities to non-euro area residents denominated in foreign currency 15,919 −1,124
8.1 Deposits, balances and other liabilities 15,919 −1,124
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 159,011 −224
11 Revaluation accounts 328,818 0
12 Capital and reserves 78,191 0
Total liabilities 1,953,086 −11,821

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