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12 June
2012 - Consolidated financial
statement of the Eurosystem
as at 8 June 2012
Items not related to monetary policy operations
In the week ending 8 June 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) increased by EUR 1.8 billion to EUR 225 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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7 June
2012
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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 1.5 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) increased by EUR 0.1 billion to EUR 324.4 billion. Banknotes in circulation (liability item 1) increased by
EUR 3.7 billion to EUR 888.6 billion. Liabilities
to general government
(liability item 5.1) fell
by EUR 4.3 billion to EUR 113.8 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 66 billion to EUR 183.8
billion. On Wednesday, 6 June
2012, a main refinancing
operation of EUR 51.2 billion matured and a new one of EUR 119.4 billion was settled. On the same day, fixed-term
deposits in an amount
of EUR 212 billion matured and new deposits in the same amount were collected.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1.9 billion (compared with EUR 0.7 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 788.2 billion (compared with EUR 785 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.4 billion to EUR 281.2 billion. This increase
was due to purchases under the second covered bond purchase programme, which more than offset the redemption of securities purchased under the first covered bond purchase programme. Therefore,
in the week ending 8 June 2012 the value of accumulated
purchases under the
Securities Markets Programme amounted
to EUR 212.1 billion, while the values of the
portfolios held under the
first and second covered bond purchase
programmes totalled EUR 56.3 billion and EUR 12.8 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 6.9 billion to EUR 87.1 billion.
Full press release here
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