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8 November
2011 - Consolidated financial statement of the Eurosystem
as at 4 November 2011
Items not
related to monetary policy operations
In the week ending 4 November 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 0.5 billion to EUR 193 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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3 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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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 2.5 billion to EUR 336.2
billion. Banknotes in circulation (liability item 1) increased by EUR
4 billion to EUR 867.1 billion. Liabilities to general government
(liability item 5.1) decreased by EUR 15.8 billion to EUR 51 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 64.2 billion to EUR 114.3 billion. On
Tuesday, 1 November 2011, a main refinancing operation of EUR 197.4
billion matured and a new one of EUR 182.8 billion was settled. On the same
day, fixed-term deposits in an amount of EUR 169.5 billion matured and
new deposits were collected in an amount of EUR 173.5 billion, with a
maturity of eight days.
Recourse to the marginal lending
facility (asset item 5.5) was EUR 1.2 billion (compared with EUR 2.9
billion in the previous week), while recourse to the deposit facility
(liability item 2.2) was EUR 288.4 billion (compared with EUR 248.1 billion
in the preceding week).
The holdings by the Eurosystem
of securities held for monetary policy purposes (asset item 7.1)
increased by EUR 9.5 billion to EUR 242.2 billion. This increase was due to
settled purchases of securities under the Securities Markets Programme. Therefore, in the week ending 4 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 183 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) decreased by EUR 43.4 billion to EUR 135.3 billion.
Full press release here
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