Chart usGOLD   Chart usSILVER  
 
Food for thought
The Power to Tax involves the Power to Destroy
John Marshall  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1243.172.17
Silver 17.190.05
Platinum 1261.756.65
Palladium 766.751.45
WORLD MARKETS
DOWJONES 16461-154
NASDAQ 4383-37
NIKKEI 15139-57
ASX 5370-3
CAC 40 410524
DAX 894053
HUI 185-6
XAU 76-3
CURRENCIES (€)
AUS $ 1.4422
CAN $ 1.4227
US $ 1.2634
GBP (£) 0.7874
Sw Fr 1.2062
YEN 135.6020
CURRENCIES ($)
AUS $ 1.1415
CAN $ 1.1256
Euro 0.7915
GBP (£) 0.6232
Sw Fr 0.9546
YEN 107.2760
RATIOS & INDEXES
Gold / Silver72.32
Gold / Oil15.24
Dowjones / Gold13.24
COMMODITIES
Copper 3.03-0.01
WTI Oil 81.58-0.38
Nat. Gas 3.69-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
ECB : increase of oz in1519,97 gold and gold receivables
Published : December 12th, 2012
458 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

Items not related to monetary policy operations

In the week ending 7 December 2012 the increase of EUR 2 million in gold and gold receivables (asset item 1) reflected the purchase of gold by Eurosystem central banks.

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 billion on account of customer and portfolio transactions and US dollar liquidity-providing operations (see below).

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

6 December 2012

7-day US dollar liquidity-providing reverse transaction

USD 3.2 billion

USD 4.1 billion

6 December 2012

84-day US dollar liquidity-providing reverse transaction

USD 4.1 billion

USD 3 billion

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 0.2 billion to EUR 308.9 billion. Banknotes in circulation (liability item 1) increased by EUR 6.1 billion to EUR 895.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 10.5 billion to EUR 122.7 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) decreased by EUR 2.7 billion to EUR 666.9 billion. On Wednesday, 5 December 2012, a main refinancing operation of EUR 74.6 billion matured and a new one of EUR 70.8 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.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.6 billion (compared with EUR 1.9 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 235.3 billion (compared with EUR 237.8 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 277.1 billion. Therefore, in the week ending 7 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) decreased by EUR 3 billion to EUR 486.9 billion.

Read full report here

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
ECB's Gold
All articles by
ECB's Gold
Next article by
ECB's Gold
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis
Most recent articles by ECB's Gold
1/10/2013
1/3/2013
12/27/2012
12/19/2012
12/12/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer