Consolidated financial statement of the Eurosystem as at 10 June 2011

14 June 2011

Items not related to monetary policy operations

In the week ending 10 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 0.5 billion to EUR 176.8 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 0.1 billion to EUR 342.7 billion. Banknotes in circulation (liability item 1) increased by EUR 0.8 billion to EUR 843.5 billion. Liabilities to general government (liability item 5.1) decreased by EUR 2.5 billion to EUR 70.7 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 1.8 billion to EUR 338.4 billion. On Wednesday, 8 June 2011, a main refinancing operation of EUR 110.8 billion matured and a new one of EUR 102.4 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 (approximately the same as in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 10.4 billion (compared with EUR 20.4 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 135.2 billion. This decrease was due to securities purchased under the covered bond purchase programme reaching maturity. Therefore, in the week ending 10 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 60.3 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) increased by EUR 5.7 billion to EUR 197.4 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 350,670 0
2 Claims on non-euro area residents denominated in foreign currency 219,620 208
2.1 Receivables from the IMF 74,880 −6
2.2 Balances with banks and security investments, external loans and other external assets 144,740 213
3 Claims on euro area residents denominated in foreign currency 23,336 126
4 Claims on non-euro area residents denominated in euro 21,278 2,255
4.1 Balances with banks, security investments and loans 21,278 2,255
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 423,876 −8,258
5.1 Main refinancing operations 102,442 −8,319
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 42 42
5.6 Credits related to margin calls 79 19
6 Other claims on euro area credit institutions denominated in euro 36,634 −3,670
7 Securities of euro area residents denominated in euro 477,881 15
7.1 Securities held for monetary policy purposes 135,180 −100
7.2 Other securities 342,702 115
8 General government debt denominated in euro 34,521 0
9 Other assets 304,761 2,915
Total assets 1,892,579 −6,410
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 843,498 830
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 282,834 −4,279
2.1 Current accounts (covering the minimum reserve system) 197,395 5,734
2.2 Deposit facility 10,409 −10,015
2.3 Fixed-term deposits 75,000 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 29 3
3 Other liabilities to euro area credit institutions denominated in euro 5,400 −1,218
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 78,427 −2,297
5.1 General government 70,661 −2,478
5.2 Other liabilities 7,767 181
6 Liabilities to non-euro area residents denominated in euro 38,066 −1,956
7 Liabilities to euro area residents denominated in foreign currency 1,589 −764
8 Liabilities to non-euro area residents denominated in foreign currency 11,942 635
8.1 Deposits, balances and other liabilities 11,942 635
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 190,841 2,358
11 Revaluation accounts 305,890 0
12 Capital and reserves 81,478 279
Total liabilities 1,892,579 −6,410

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