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Consolidated financial statement of the Eurosystem as at 15 November 2013

19 November 2013

Items not related to monetary policy operations

In the week ending 15 November 2013 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 0.1 billion to EUR 206.9 billion on account of customer and portfolio transactions. In the past week the Eurosystem has not conducted any liquidity-providing transactions 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 marketable securities other than those held for monetary policy purposes (asset item 7.2) decreased by EUR 0.9 billion to EUR 350.7 billion. Banknotes in circulation (liability item 1) decreased by EUR 1 billion to EUR 922.6 billion. Liabilities to general government (liability item 5.1) increased by EUR 19.7 billion to EUR 68 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 11 billion to EUR 494 billion. On Wednesday, 13 November 2013, a main refinancing operation of EUR 89.5 billion matured and a new one of EUR 87.7 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 184 billion matured and new deposits were collected in the same amount, with a maturity of one week.

During the week, a longer-term refinancing operation in an amount of EUR 5.8 billion was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (similar to the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 43.9 billion (compared with EUR 62.4 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 241.6 billion. Therefore, in the week ending 15 November 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 184.1 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 42 billion and EUR 15.5 billion respectively. All three 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 1.3 billion to EUR 231.9 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 343,920 0
2 Claims on non-euro area residents denominated in foreign currency 244,216 347
2.1 Receivables from the IMF 82,523 −168
2.2 Balances with banks and security investments, external loans and other external assets 161,693 514
3 Claims on euro area residents denominated in foreign currency 22,467 97
4 Claims on non-euro area residents denominated in euro 19,111 402
4.1 Balances with banks, security investments and loans 19,111 402
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 721,884 −7,802
5.1 Main refinancing operations 87,744 −1,780
5.2 Longer-term refinancing operations 634,139 −6,021
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −2
5.6 Credits related to margin calls 1 0
6 Other claims on euro area credit institutions denominated in euro 83,992 780
7 Securities of euro area residents denominated in euro 592,233 −942
7.1 Securities held for monetary policy purposes 241,554 0
7.2 Other securities 350,679 −942
8 General government debt denominated in euro 28,328 0
9 Other assets 242,867 704
Total assets 2,299,017 −6,413
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 922,566 −1,015
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 459,760 −17,486
2.1 Current accounts (covering the minimum reserve system) 231,888 1,319
2.2 Deposit facility 43,861 −18,581
2.3 Fixed-term deposits 184,000 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 11 −223
3 Other liabilities to euro area credit institutions denominated in euro 5,328 −210
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 106,442 17,358
5.1 General government 68,028 19,713
5.2 Other liabilities 38,414 −2,355
6 Liabilities to non-euro area residents denominated in euro 122,724 −6,771
7 Liabilities to euro area residents denominated in foreign currency 1,327 −5
8 Liabilities to non-euro area residents denominated in foreign currency 4,929 387
8.1 Deposits, balances and other liabilities 4,929 387
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 53,565 0
10 Other liabilities 227,421 1,329
11 Revaluation accounts 304,534 0
12 Capital and reserves 90,420 0
Total liabilities 2,299,017 −6,413
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