26 June
2012 - Consolidated financial
statement of the Eurosystem
as at 22 June 2012
Items not related to monetary policy operations
In the week ending 22 June 2012 the decrease of EUR 1
million in gold and gold receivables (asset item 1) mainly reflected the sale of gold coin by three
Eurosystem central banks.
The net position of
the Eurosystem in foreign
currency (asset items 2
and 3 minus liability items 7, 8 and 9) increased by EUR 2.5 billion to EUR 229.5 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
|
21 June
2012
|
7-day US dollar liquidity-providing
reverse transaction
|
USD 2.4 billion
|
USD 1.6 billion
|
21 June
2012
|
84-day US dollar liquidity-providing reverse transaction
|
USD 6.3 billion
|
USD 9.9 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 1 billion to EUR 322.1 billion. Banknotes in circulation (liability item 1) decreased by
EUR 1.2 billion to EUR 890.3 billion. Liabilities
to general government
(liability item 5.1) rose by EUR 42.9 billion to
EUR 150.6 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 1.5 billion to EUR 253.5
billion. On Wednesday, 20 June
2012, a main refinancing
operation of EUR 131.7 billion matured and a new one of EUR 167.3 billion was settled. On the same day, fixed-term
deposits in an amount
of EUR 212 billion matured and new deposits were collected in the amount of EUR
210.5 billion, with a maturity
of one week.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1.5 billion (compared with EUR 3 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 775.3 billion (compared with EUR 741.2 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.1 billion to EUR 280.3 billion. This increase
was due to the purchases settled under the second covered bond purchase
programme, which more than
offset the redemption of securities
under the first covered
bond purchase programme during
the week. Therefore, in
the week ending 22 June 2012 the value of accumulated
purchases under the
Securities Markets Programme amounted
to EUR 210.7 billion, while the values of the
portfolios held under the
first and second covered bond purchase
programmes totalled EUR 56.1 billion and EUR 13.5
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 53.9 billion to EUR 97 billion.
Full press release here
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