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18 September
2012 - Consolidated financial
statement of the Eurosystem
as at 14 September 2012
Items not related to monetary policy operations
In the week ending 14 September 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 4.1 billion to EUR 234.9 billion on account of customer and
portfolio transactions and US dollar liquidity-providing
operations (see below).
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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13 September
2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 2.2 billion
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USD 3.8 billion
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13 September
2012
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84-day US dollar liquidity-providing reverse transaction
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USD 9.9 billion
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USD 3.7 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 0.5 billion to EUR 319.3 billion. Banknotes in circulation (liability item 1) fell by EUR
2.1 billion to EUR 894.5 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 13.5 billion to EUR 100.8 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 15.4 billion to EUR 651.1
billion. On Wednesday, 12 September
2012, a main refinancing
operation of EUR 126.3 billion matured and a new one of EUR 130.3 billion was settled. On the same day, fixed-term
deposits in an amount
of EUR 209 billion matured and new deposits were collected in the same amount, with a maturity of one week. Also on Wednesday, 12 September 2012, a longer-term
refinancing operation
of EUR 25.2 billion matured and a new one of EUR
13.8 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1 billion (compared with EUR 0.9 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 335 billion (compared
with EUR 326.8 billion in the preceding
week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.2 billion to EUR 279.2 billion. This increase
was due to purchases of securities under the second covered bond purchase
programme. Therefore, in the week
ending 14 September 2012,
the value of accumulated purchases
under the Securities Markets
Programme amounted to EUR 208.8 billion, while the values of the portfolios held
under the first and second covered
bond purchase programmes totalled
EUR 54.7 billion and EUR 15.6 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 22.9 billion to EUR 526.4 billion.
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