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17 July 2012 - Consolidated
financial statement of
the Eurosystem as at 13
July 2012
Items not related to monetary policy operations
In the week ending 13 July 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 0.4 billion to EUR 245.1 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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12 July 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 4.3 billion
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USD 5.1 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 0.5 billion to EUR 321 billion. Banknotes in circulation (liability item 1) increased by
EUR 0.2 billion to EUR 897.7 billion. Liabilities
to general government
(liability item 5.1) fell
by EUR 3 billion to EUR 131.9 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 411.5 billion to EUR 646.3
billion. On Wednesday, 11 July 2012, a main refinancing operation of EUR 163.6 billion matured
and a new one of EUR 163.7 billion was settled. On the same day, fixed-term deposits in an amount of
EUR 210.5 billion matured and new deposits in an amount of EUR
211.5 billion, with a maturity
of one week, were collected. Also on Wednesday, 11 July 2012, a longer-term
refinancing operation
of EUR 18.9 billion matured and a new one of EUR
24.4 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.7 billion (compared with EUR 1.3 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 386.8 billion (compared with EUR 795.2 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 281.5 billion. This increase
was due to the purchases settled under the second covered bond purchase
programme. Therefore, in the week
ending 13 July 2012, the value of accumulated purchases under the Securities Markets
Programme amounted to EUR 211.3 billion, while the values of the portfolios held
under the first and second covered
bond purchase programmes totalled
EUR 55.8 billion and EUR 14.3 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 388 billion to EUR 479.7 billion.
Full press release here
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