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24 April 2012 - Consolidated
financial statement of
the Eurosystem as at 20
April 2012
Items not related to monetary policy operations
In the week ending 20 April 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 0.1 billion to EUR 227.9 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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19 April 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 1.3 billion
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USD 0.9 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 18.5 billion to EUR 328.5 billion. Banknotes in circulation (liability item 1) fell by EUR
4.6 billion to EUR 869.7 billion. Liabilities
to general government
(liability item 5.1) decreased
by EUR 3.5 billion to EUR 155.3 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 38.8 billion to EUR 152
billion. On Wednesday, 18 April 2012, a main refinancing operation of EUR 55.4 billion matured
and a new one of EUR 51.8 billion was settled. On the same day, fixed-term deposits in an amount of
EUR 214 billion matured and new deposits
in the same amount were collected.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with EUR 2 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 775.6 billion (compared with EUR 742.8 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 281.1 billion. This increase
was due to the purchases under the second covered bond purchase programme that were settled during the week. Therefore, in the week ending 20 April 2012 the value of accumulated
purchases under the
Securities Markets Programme amounted
to EUR 214.2 billion, while those
of the portfolios held under
the first and second covered bond purchase programmes totalled
EUR 56.8 billion and EUR 10.2 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 35.5 billion to EUR 93.5 billion.
Other issues
In the week ending 20 April 2012, an accounting reclassification took
place in order to harmonise the disclosure
of the Emergency Liquidity Assistance (ELA) provided by Eurosystem central banks to domestic credit institutions under other claims on euro area credit
institutions denominated in euro (asset item 6). This mainly explains the decrease of other securities (asset item 7.2) by EUR 18.5 billion, the decrease of other assets (asset item 9) by EUR
105.6 billion as well as the increase
of other claims on euro area credit
institutions denominated in euro (asset item 6) by EUR 121.1 billion.
Full press release here
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