Consolidated financial statement of the Eurosystem as at 3 June 2011

7 June 2011

Items not related to monetary policy operations

In the week ending 3 June 2011 gold and gold receivables (asset item 1) remained unchanged.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.2 billion to EUR 176.4 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 5.2 billion to EUR 342.6 billion. Banknotes in circulation (liability item 1) increased by EUR 8.5 billion to EUR 842.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 8.2 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) decreased by EUR 6.4 billion to EUR 336.7 billion. On Wednesday, 1 June 2011, a main refinancing operation of EUR 116.1 billion matured and a new one of EUR 110.8 billion was settled. On the same day, fixed-term deposits in an amount of EUR 75 billion matured and new deposits were collected in the same amount, with a maturity of one week.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 20.4 billion (compared with EUR 19.4 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) remained unchanged at EUR 135.3 billion. Therefore, in the week ending 3 June 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 74.9 billion and EUR 60.4 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 21.1 billion to EUR 191.7 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 350,669 0
2 Claims on non-euro area residents denominated in foreign currency 219,412 28
2.1 Receivables from the IMF 74,885 0
2.2 Balances with banks and security investments, external loans and other external assets 144,527 28
3 Claims on euro area residents denominated in foreign currency 23,211 270
4 Claims on non-euro area residents denominated in euro 19,024 −369
4.1 Balances with banks, security investments and loans 19,024 −369
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 432,134 −5,413
5.1 Main refinancing operations 110,762 −5,340
5.2 Longer-term refinancing operations 321,313 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −82
5.6 Credits related to margin calls 60 10
6 Other claims on euro area credit institutions denominated in euro 40,304 −6,856
7 Securities of euro area residents denominated in euro 477,867 5,168
7.1 Securities held for monetary policy purposes 135,280 0
7.2 Other securities 342,587 5,168
8 General government debt denominated in euro 34,521 0
9 Other assets 301,847 5,551
Total assets 1,898,989 −1,621
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 842,668 8,545
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 287,112 −20,067
2.1 Current accounts (covering the minimum reserve system) 191,661 −21,099
2.2 Deposit facility 20,425 1,043
2.3 Fixed-term deposits 75,000 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 26 −11
3 Other liabilities to euro area credit institutions denominated in euro 6,618 1,123
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 80,724 8,128
5.1 General government 73,139 8,155
5.2 Other liabilities 7,585 −27
6 Liabilities to non-euro area residents denominated in euro 40,022 −1,109
7 Liabilities to euro area residents denominated in foreign currency 2,353 641
8 Liabilities to non-euro area residents denominated in foreign currency 11,307 −513
8.1 Deposits, balances and other liabilities 11,307 −513
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 52,612 0
10 Other liabilities 188,483 1,631
11 Revaluation accounts 305,890 0
12 Capital and reserves 81,199 0
Total liabilities 1,898,989 −1,621

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