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27 March 2012 - Consolidated
financial statement of
the Eurosystem as at 23
March 2012
Items not related to monetary policy operations
In the week ending 23 March 2012 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 0.2 billion to EUR 250.5 billion on account of customer and
portfolio transactions and US dollar liquidity-providing
operations (see below).
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US dollar liquidity
operations
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Value date
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Type of transaction
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Maturing amount
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New amount
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22 March 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 2.3 billion
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USD 1.8 billion
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The liquidity-providing transactions were
conducted by the Eurosystem
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 0.1 billion to EUR 346.9 billion. Banknotes in circulation (liability item 1) decreased by
EUR 2.0 billion to EUR 867 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 17.6 billion to EUR 156.5 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) decreased by EUR 20.3 billion to EUR 152.3
billion. On Wednesday, 21 March 2012, a main refinancing operation of EUR 42.2 billion matured
and a new one of EUR 59.5 billion was settled. On the same day, fixed-term deposits in an amount of
EUR 218 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 EUR 0.8 billion (compared with EUR 11.8 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 785.4 billion (compared with EUR 758.8 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) decreased by
EUR 4.1 billion to EUR 279.3 billion. This decrease
was due to the redemption
of securities under the
Securities Markets Programme and the first covered bond purchase
programme, which more than
offset the purchases settled
during the week under the second covered bond purchase programme. Therefore,
in the week ending 23
March 2012 the value of accumulated purchases under the Securities Markets Programme amounted to
EUR 213.5 billion, while those
of the portfolios held under
the first and second covered bond purchase programmes totalled
EUR 56.9 billion and EUR 8.9 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) decreased
by EUR 42.9 billion to EUR 89.3 billion.
Full press release here
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