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15 November
2011 - Consolidated financial statement of the Eurosystem
as at 11 November 2011
Items not
related to monetary policy operations
In the week ending 11 November 2011 the
decrease of EUR 2 million in gold and gold receivables (asset item 1)
reflected the sale of gold by one Eurosystem
central bank (consistent with the Central Bank Gold Agreement that came into
effect on 27 September 2009).
The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus
liability items 7, 8 and 9) increased by EUR 0.4 billion to EUR 193.4 billion
on account of customer and portfolio transactions and US dollar
liquidity-providing operations (see below).
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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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10 November
2011
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7-day US
dollar liquidity-providing reverse transaction
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USD 0.5 billion
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USD 0.5 billion
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10 November
2011
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84-day US
dollar liquidity-providing reverse transaction
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-
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USD 0.4
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 1 billion to EUR 335.2
billion. Banknotes in circulation (liability item 1) decreased by EUR
0.6 billion to EUR 866.5 billion. Liabilities to general government
(liability item 5.1) decreased by EUR 1.1 billion to EUR 49.8 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) increased by EUR 146.6 billion to EUR 261 billion. On
Wednesday, 9 November 2011, a main refinancing operation of EUR 182.8
billion matured and a new one of EUR 194.8 billion was settled. On the same
day, a longer-term refinancing operation of EUR 59.1 billion matured
and a new one of EUR 55.5 billion, with a maturity of 35 days, was settled.
Also on the same day, fixed-term deposits in an amount of EUR 173.5
billion matured and new deposits were collected in an amount of EUR 183
billion.
Recourse to the marginal lending
facility (asset item 5.5) was EUR 2 billion (compared with EUR 1.2
billion in the previous week), while recourse to the deposit facility
(liability item 2.2) was EUR 144.7 billion (compared with EUR 288.4 billion
in the preceding week).
The holdings by the Eurosystem
of securities held for monetary policy purposes (asset item 7.1)
increased by EUR 3.8 billion to EUR 246.1 billion. This increase was due to
the net result of settled purchases under the Securities Markets Programme and the redemption of securities under the
Securities Markets Programme. Therefore, in the
week ending 11 November 2011 the value of accumulated purchases under the
Securities Markets Programme and that of the
portfolio held under the covered bond purchase programme
totalled EUR 186.8 billion and EUR 59.2 billion
respectively. Both 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 159.6 billion to EUR 294.9 billion.
Full press release here
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