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6 March 2012 -
Consolidated financial statement of the Eurosystem
as at 2 March 2012
Items not related to monetary policy
operations
In
the week ending 2 March 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 26.2
billion to EUR 250.9 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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1 March 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 3.6 billion
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USD 3.5 billion
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1 March 2012
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84-day US dollar liquidity-providing
reverse transaction
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USD 50.7 billion
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USD 14.5 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 4.8 billion to EUR 347.6 billion. Banknotes in
circulation (liability item 1) increased by EUR 3.2 billion to EUR 870.6
billion. Liabilities to general government (liability item 5.1)
decreased by EUR 6.9 billion to EUR 135.4 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 47.1 billion to EUR 72.9 billion. On Wednesday, 29 February
2012, a main refinancing operation of EUR 166.5 billion matured and a
new one of EUR 29.5 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. On Thursday, 1
March 2012, a longer-term refinancing operation of EUR 38.6 billion
matured and a new one of EUR 6.5 billion was settled, with a maturity of 91
days. On the same day, a longer-term refinancing operation of EUR 49.8
billion, with a maturity of 203 days, matured. Also on Thursday, 1 March
2012, a longer-term refinancing operation of EUR 529.5 billion was
settled, with a maturity of 1,092 days.
Recourse
to the marginal lending facility (asset item 5.5) was EUR 0.8 billion
(compared with EUR 1.0 billion in the previous week), while recourse to the deposit
facility (liability item 2.2) was EUR 820.9 billion (compared with EUR
477.3 billion in the preceding week).
The
holdings by the Eurosystem of securities held
for monetary policy purposes (asset item 7.1) increased by EUR 0.5
billion to EUR 284.1 billion. This increase was the result of settled
purchases under the second covered bond purchase programme.
Therefore, in the week ending 2 March 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 7.6 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 2.3 billion to EUR 91.4 billion.
Full press release here
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