Consolidated financial statement of the Eurosystem as at 8 April 2011

12 April 2011

Items not related to monetary policy operations

In the week ending 8 April 2011 the increase 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 1.4 billion to EUR 176 billion on account of customer and portfolio transactions.

The holdings by the Eurosystem of marketable securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 0.7 billion to EUR 334.1 billion. Banknotes in circulation (liability item 1) increased by EUR 2.5 billion to EUR 828.5 billion. Liabilities to general government (liability item 5.1) decreased by EUR 4.3 billion to EUR 60.6 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 21.4 billion to EUR 300.1 billion. On Wednesday, 6 April 2011, a main refinancing operation of EUR 100.4 billion matured and a new one of EUR 84.5 billion was settled. On the same date, fixed-term deposits in an amount of EUR 76.5 billion matured and new deposits were collected in an amount of EUR 77 billion, with a maturity of one week.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with EUR 0.7 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 30.5 billion (compared with EUR 26.1 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 0.1 billion to EUR 137.5 billion. This decrease was due to securities purchased under the Securities Markets Programme reaching maturity. Therefore, in the week ending 8 April 2011 the value of accumulated purchases under the Securities Markets Programme and that of the portfolio held under the covered bond purchase programme totalled EUR 77 billion and EUR 60.5 billion respectively. Both portfolios are accounted for on a held-to-maturity basis.

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 17.2 billion to EUR 188.6 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 350,668 1
2 Claims on non-euro area residents denominated in foreign currency 219,625 −2,247
2.1 Receivables from the IMF 74,199 77
2.2 Balances with banks and security investments, external loans and other external assets 145,426 −2,324
3 Claims on euro area residents denominated in foreign currency 24,204 258
4 Claims on non-euro area residents denominated in euro 23,094 2,242
4.1 Balances with banks, security investments and loans 23,094 2,242
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 407,660 −16,381
5.1 Main refinancing operations 84,533 −15,906
5.2 Longer-term refinancing operations 322,855 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 249 −488
5.6 Credits related to margin calls 23 13
6 Other claims on euro area credit institutions denominated in euro 44,631 2,505
7 Securities of euro area residents denominated in euro 471,626 601
7.1 Securities held for monetary policy purposes 137,513 −55
7.2 Other securities 334,113 656
8 General government debt denominated in euro 35,085 233
9 Other assets 296,517 −2,597
Total assets 1,873,111 −15,385
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 828,523 2,526
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 296,183 −12,209
2.1 Current accounts (covering the minimum reserve system) 188,577 −17,179
2.2 Deposit facility 30,522 4,468
2.3 Fixed-term deposits 77,000 500
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 84 2
3 Other liabilities to euro area credit institutions denominated in euro 5,232 227
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 68,378 −4,578
5.1 General government 60,625 −4,300
5.2 Other liabilities 7,753 −278
6 Liabilities to non-euro area residents denominated in euro 41,735 −562
7 Liabilities to euro area residents denominated in foreign currency 1,139 −171
8 Liabilities to non-euro area residents denominated in foreign currency 14,041 −429
8.1 Deposits, balances and other liabilities 14,041 −429
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 52,613 0
10 Other liabilities 177,997 −1,110
11 Revaluation accounts 305,890 0
12 Capital and reserves 81,379 919
Total liabilities 1,873,111 −15,385

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