Consolidated financial statement of the Eurosystem as at 12 August 2011
Items not related to monetary policy operations
In the week ending 12 August 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) decreased by EUR 0.3 billion to EUR 177.5 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 336.2 billion. Banknotes in circulation (liability item 1) increased by EUR 0.6 billion to EUR 858.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 0.6 billion to EUR 53.5 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 98.3 billion to EUR 393.3 billion. On Wednesday, 10 August 2011, a main refinancing operation of EUR 172.0 billion matured and a new one of EUR 157.1 billion was settled. On the same day, a longer-term refinancing operation of EUR 67.7 billion matured and a new one of EUR 75.8 billion was settled. Also on Wednesday, 10 August 2011, fixed-term deposits in an amount of EUR 74.0 billion matured and new deposits were collected in the same amount, with a maturity of one week. On Thursday, 11 August 2011, a longer-term refinancing operation of EUR 49.8 billion was settled with a maturity of approximately six months.
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 80.2 billion (compared with EUR 134.8 billion in the preceding week).
The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 22.0 billion to EUR 155.7 billion. This increase was due to settled purchases under the Securities Markets Programme. Therefore, in the week ending 12 August 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 96.0 billion and EUR 59.7 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 127.0 billion to EUR 286.8 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||363,250||0|
|2||Claims on non-euro area residents denominated in foreign currency||215,946||−585|
|2.1||Receivables from the IMF||75,909||19|
|2.2||Balances with banks and security investments, external loans and other external assets||140,037||−604|
|3||Claims on euro area residents denominated in foreign currency||26,772||1,267|
|4||Claims on non-euro area residents denominated in euro||20,525||−2,613|
|4.1||Balances with banks, security investments and loans||20,525||−2,613|
|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||548,052||42,927|
|5.1||Main refinancing operations||157,073||−14,948|
|5.2||Longer-term refinancing operations||390,830||57,755|
|5.3||Fine-tuning reverse operations||0||0|
|5.4||Structural reverse operations||0||0|
|5.5||Marginal lending facility||6||6|
|5.6||Credits related to margin calls||143||113|
|6||Other claims on euro area credit institutions denominated in euro||52,528||1,668|
|7||Securities of euro area residents denominated in euro||491,930||22,144|
|7.1||Securities held for monetary policy purposes||155,694||22,000|
|8||General government debt denominated in euro||33,944||0|
|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||858,176||613|
|2||Liabilities to euro area credit institutions related to monetary policy operations denominated in euro||441,489||71,642|
|2.1||Current accounts (covering the minimum reserve system)||286,783||126,969|
|2.4||Fine-tuning reverse operations||0||0|
|2.5||Deposits related to margin calls||492||−717|
|3||Other liabilities to euro area credit institutions denominated in euro||3,886||−2,592|
|4||Debt certificates issued||0||0|
|5||Liabilities to other euro area residents denominated in euro||62,044||−437|
|6||Liabilities to non-euro area residents denominated in euro||40,001||877|
|7||Liabilities to euro area residents denominated in foreign currency||1,589||77|
|8||Liabilities to non-euro area residents denominated in foreign currency||11,454||856|
|8.1||Deposits, balances and other liabilities||11,454||856|
|8.2||Liabilities arising from the credit facility under ERM II||0||0|
|9||Counterpart of special drawing rights allocated by the IMF||52,170||0|
|12||Capital and reserves||81,481||0|