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16 October
2012 - Consolidated financial
statement of the Eurosystem
as at 12 October 2012
Items not related to monetary policy operations
In the week ending 12 October 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) remained unchanged at EUR 229.4 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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11 October
2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 2 billion
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USD 3.6 billion
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11 October
2012
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84-day US dollar liquidity-providing reverse transaction
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USD 2.8 billion
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USD 1.1 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 316.7 billion. Banknotes in circulation (liability item 1) decreased by
EUR 2.2 billion to EUR 892.2 billion. Liabilities
to general government
(liability item 5.1) decreased
by EUR 5.2 billion to EUR 100.7 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 21.8 billion to EUR 677.2
billion. On Wednesday, 10 October
2012, a main refinancing
operation of EUR 102.9 billion matured and a new one of EUR 89.8 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 amount of EUR
209.5 billion, with a maturity
of one week. Also on Wednesday, 10 October 2012, a longer-term refinancing operation of EUR 13.8 billion matured
and a new one of EUR 12.6 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1.3 billion (compared with EUR 0.7 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 260.5 billion (compared with EUR 296.5 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) decreased by
EUR 0.3 billion to EUR 279.7 billion. This decrease
was due to the redemption
of securities under the
first covered bond purchase
programme. Therefore, in the week
ending 12 October 2012,
the value of accumulated purchases
under the Securities Markets
Programme amounted to EUR 209.5 billion, while the values of the portfolios held
under the first and second covered
bond purchase programmes totalled
EUR 54 billion and EUR 16.3 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 6.2 billion to EUR 527.5 billion.
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