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6 November
2012 - Consolidated financial
statement of the Eurosystem
as at 2 November 2012
Items not related to monetary policy operations
In the week ending 2 November 2012 the increase of
EUR 1 million in gold and gold receivables (asset item 1) reflected the purchase of gold coin by one Eurosystem
central bank.
The net position of
the Eurosystem in foreign
currency (asset items 2
and 3 minus liability items 7, 8 and 9) decreased by EUR 0.1 billion to EUR 229.7 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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1 November
2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 3.6 billion
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USD 3.1 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 0.8 billion to EUR 311.9 billion. Banknotes in circulation (liability item 1) increased by
EUR 5.1 billion to EUR 893.2 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 4 billion to EUR 96.6 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 2.2 billion to EUR 659.2
billion. On Wednesday, 31 October
2012, a main refinancing
operation of EUR 77.3 billion matured and a new one of EUR 83.7 billion was settled. On the same day, fixed-term
deposits in an amount
of EUR 209.5 billion matured and new deposits were collected in the same amount, with a maturity of one week. Also on Wednesday, 31 October 2012, a longer-term refinancing operation of
EUR 16.2 billion matured and a new one of EUR 6.2
billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.5 billion (compared with EUR 0.3 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 261.4 billion (compared with EUR 267 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) decreased by
EUR 0.7 billion to EUR 278.3 billion. This decrease
was due to the redemption
of securities under the
Securities Markets Programme. Therefore,
in the week ending 2 November 2012, the value of accumulated
purchases under the
Securities Markets Programme amounted
to EUR 208.5 billion, while the values of the
portfolios held under the
first and second covered bond purchase
programmes totalled EUR 53.3 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 0.1 billion to EUR 515.4 billion.
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