29 May 2012 - Consolidated
financial statement of
the Eurosystem as at 25
May 2012
Items not related to monetary policy operations
In the week ending 25 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) decreased by EUR 2.4 billion to EUR 222.5 billion on account of customer and
portfolio transactions and US dollar liquidity-providing
operations (see below).
US dollar liquidity operations
Value date
|
Type of transaction
|
Maturing amount
|
New amount
|
24 May 2012
|
7-day US dollar liquidity-providing
reverse transaction
|
USD 0.3 billion
|
USD 0.3 billion
|
24 May 2012
|
84-day US dollar liquidity-providing reverse transaction
|
USD 14.5 billion
|
USD 10.3 billion
|
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 324.5 billion. Banknotes in circulation (liability item 1) increased by
EUR 1.5 billion to EUR 879.7 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 28.9 billion to EUR 143 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 6.7 billion to EUR 129 billion.
On Wednesday, 23 May 2012, a
main refinancing operation
of EUR 43 billion matured and a new one of EUR 37.9
billion was settled. On
the same day, fixed-term deposits
in an amount of EUR 214 billion matured
and new deposits were collected in the amount of EUR
212 billion, with a maturity
of one week. In the course of the week, longer-term refinancing operations amounting to EUR 21.4 billion were
repaid before maturity.
Recourse to the marginal lending facility (asset item 5.5) was EUR 2.1 billion (compared with EUR 0.8 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 760.1 billion (compared with EUR 789.7 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.4 billion to EUR 280.6 billion. This increase
was due to the purchases settled during the week under the second covered bond purchase
programme, which more than
offset the redemption of securities
under the first covered
bond purchase programme. Therefore,
in the week ending 25 May
2012 the value of accumulated purchases
under the Securities Markets
Programme amounted to EUR 212.1 billion, while those of the portfolios held under the first and second
covered bond purchase
programmes totalled EUR 56.5 billion and EUR 12
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 12.4 billion to EUR 90 billion.
Full press release here
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