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18 December
2012 - Consolidated financial
statement of the Eurosystem
as at 14 December 2012
Items not related to monetary policy operations
In the week ending 14 December 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 0.4 billion to EUR 228.6 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 December
2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 4.1 billion
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USD 3.3 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 0.3 billion to EUR 308.6 billion. Banknotes in circulation (liability item 1) increased by
EUR 3 billion to EUR 898.8 billion. Liabilities
to general government
(liability item 5.1) decreased
by EUR 7.1 billion to EUR 115.6 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 12.2 billion to EUR 679
billion. On Wednesday, 12 December
2012, a main refinancing
operation of EUR 70.8 billion matured and a new one of EUR 73.2 billion was settled. On the same day, fixed-term
deposits in an amount
of EUR 208.5 billion matured and new deposits were collected in the same amount, with a maturity of one week. Also on Wednesday, 12 December 2012, a longer-term
refinancing operation
of EUR 15.9 billion matured and a new one of EUR
15.3 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with EUR 0.6 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 225.1 billion (compared with EUR 235.3 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) decreased by
EUR 0.1 billion to EUR 277 billion. This decrease was due to the redemption of securities under the first covered bond purchase
programme. Therefore, in the week
ending 14 December 2012,
the value of accumulated purchases
under the Securities Markets
Programme amounted to EUR 208.5 billion, while the value of the portfolios held
under the first and second covered
bond purchase programmes totalled
EUR 52.1 billion and EUR 16.4 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 18 billion to EUR 504.9 billion.
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