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15 May 2012 - Consolidated
financial statement of
the Eurosystem as at 11
May 2012
Items not related to monetary policy operations
In the week ending 11 May 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) increased by EUR 0.2 billion to EUR 224.7 billion on account of customer and
portfolio transactions and US dollar liquidity-providing
operations (see below).
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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10 May 2012
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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 0.3 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 0.1 billion to EUR 325.6 billion. Banknotes in circulation (liability item 1) decreased by
EUR 1 billion to EUR 875.2 billion. Liabilities
to general government
(liability item 5.1) fell
by EUR 8.7 billion to EUR 99.7 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 44.7 billion to EUR 145.9
billion. On Wednesday, 9 May 2012, a main refinancing operation of EUR 34.4 billion matured
and a new one of EUR 39.3 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. Also on Wednesday, 9 May 2012,
a longer-term refinancing
operation of EUR 11.4 billion matured and a new one of EUR 13 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1.6 billion (compared with EUR 1.1 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 763.1 billion (compared with EUR 801.5 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.2 billion to EUR 282 billion. This increase was due to the purchases settled under the second covered bond purchase
programme. Therefore, in the week
ending 11 May 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 56.6 billion and EUR 11.3 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) increased
by EUR 50 billion to EUR 146.8 billion.
Full press release here
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