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18 October
2011 - Consolidated financial
statement of the Eurosystem
as at 14 October
2011
Items not related to monetary policy operations
In the week ending 14 October 2011 gold and gold receivables
(asset item 1) remained
unchanged.
The net position of
the Eurosystem in foreign
currency (asset
items 2 and 3 minus liability items 7, 8
and 9) increased by EUR 0.9 billion to
EUR 191.9 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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13 October
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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13 October
2011
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84-day US dollar liquidity-providing reverse transaction
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-
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USD 1.4 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 0.5 billion to
EUR 337.9 billion. Banknotes in
circulation (liability item 1) decreased by EUR 0.1 billion to EUR 859.5
billion. Liabilities to general government (liability item 5.1) decreased
by EUR 9.1 billion to EUR 45.2 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 123.9
billion to EUR 287.2 billion. On Wednesday, 12
October 2011, a main refinancing operation of
EUR 198.9 billion matured and a new one of
EUR 204.9 billion was settled.
On the same day, a longer-term refinancing operation of
EUR 54.2 billion matured and a new one of
EUR 59.1 billion was settled.
Also on Wednesday, fixed-term deposits
in an amount of EUR 160.5 billion matured and new deposits were collected in an amount of EUR 163.0 billion, with
a maturity of one week.
Recourse to the marginal lending facility (asset
item 5.5) was EUR 2.2 billion (compared with EUR 2.8
billion in the previous week),
while recourse to the deposit facility
(liability item 2.2) was
EUR 136.2 billion (compared with EUR 255.6 billion in the preceding
week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased
by EUR 2.2 billion to EUR 224.5 billion. This increase
was due to settled purchases of securities under the Securities Markets
Programme. Therefore, in the week
ending 14 October
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 165.2 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 144.4 billion to EUR 298.6 billion.
Full press release here
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