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28 February
2012 - Consolidated financial
statement of the Eurosystem
as at 24 February 2012
Items not related to monetary policy operations
In the week ending 24 February 2012 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) decreased by EUR 0.3 billion to EUR 277.1 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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23 February
2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 3.7 billion
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USD 3.6 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 1.2 billion to EUR 342.9 billion. Banknotes in circulation (liability item 1) decreased by
EUR 2.0 billion to EUR 867.4 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 41.8 billion to EUR 142.2 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) decreased by EUR 1.6 billion to EUR 120.0
billion. On Wednesday, 22 February
2012, a main refinancing
operation of EUR 142.8 billion matured and a new one of EUR 166.5 billion was settled. On the same day, fixed-term
deposits in an amount
of EUR 219.5 billion matured and new deposits were collected in the same amount, with a maturity of one week.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1.0 billion (compared with EUR 1.4 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 477.3 billion (compared with EUR 454.4 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.6 billion to EUR 283.6 billion. This increase
was the result of settled purchases under the second covered bond purchase programme. Therefore,
in the week ending 24 February 2012 the value of accumulated
purchases under the
Securities Markets Programme amounted
to EUR 219.3 billion, while those
of the portfolios held under
the first and second covered bond purchase programmes totalled
EUR 57.2 billion and EUR 7.1 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 38.8 billion to EUR 93.7 billion.
Full press release here
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