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4 September
2012 - Consolidated financial
statement of the Eurosystem
as at 31 August 2012
Items not related to monetary policy operations
In the week ending 31 August 2012, the
decrease of EUR 1 million in gold and gold receivables (asset item 1) reflected the sale 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 2.1 billion to EUR 241.9 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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30 August 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 8.5 billion
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USD 6.2 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 0.5 billion to EUR 320.3 billion. Banknotes in circulation (liability item 1) rose by EUR 0.6 billion to EUR 896.4
billion. Liabilities to general government (liability item 5.1) decreased
by EUR 35.9 billion to EUR 88.3 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 12.6 billion to EUR 652.3
billion. On Wednesday, 29 August 2012, a main refinancing operation of EUR 131.2 billion matured
and a new one of EUR 131.5 billion was settled. On the same day, fixed-term deposits in an amount of
EUR 211.5 billion matured and new deposits were collected in the amount of EUR
209 billion, with a maturity
of one week. On Thursday, 30 August 2012, a
longer-term refinancing operation of EUR 8.3 billion matured
and a new one of EUR 9.7 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.6 billion (compared with EUR 0.7 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 346 billion (compared
with EUR 329.3 billion in the preceding
week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.2 billion to EUR 279 billion. This increase was due to the purchases of securities under the second covered bond purchase
programme. Therefore, in the week
ending 31 August 2012, the value of accumulated purchases under the Securities Markets
Programme amounted to EUR 208.8 billion, while the values of the portfolios held
under the first and second covered
bond purchase programmes totalled
EUR 54.9 billion and EUR 15.3 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 15.5 billion to EUR 541 billion.
Full press release here
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