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21 August 2012 - Consolidated
financial statement of
the Eurosystem as at 17
August 2012
Items not related to monetary policy operations
In the week ending 17 August 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 1.9 billion to EUR 243.6 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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16 August 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 7.0 billion
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USD 9.3 billion
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16 August 2012
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84-day US dollar liquidity-providing reverse transaction
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USD 10.3 billion
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USD 4.5 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) decreased by EUR 0.1 billion to EUR 321.6 billion. Banknotes in circulation (liability item 1) decreased by
EUR 0.4 billion to EUR 900.9 billion. Liabilities
to general government
(liability item 5.1) fell
by EUR 11.3 billion to EUR 108.4 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 18.5 billion to EUR 667.7
billion. On Wednesday, 15 August 2012, a main refinancing operation of EUR 133.4 billion matured
and a new one of EUR 130.6 billion was settled. On the same day, fixed-term deposits in an amount of
EUR 211.5 billion matured and new deposits were collected in the same amount, with a maturity of one week.
Recourse to the marginal lending facility (asset item 5.5) remained virtually unchanged at EUR 0.9 billion, while recourse to the deposit facility
(liability item 2.2) was
EUR 326.9 billion (compared with
EUR 310.8 billion in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.1 billion to EUR 281.2 billion. This increase
was due to the purchases
of securities under the
second covered bond purchase
programme. Therefore, in the week
ending 17 August 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 billion and EUR 14.8 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 9.7 billion to EUR 542.1 billion.
Full press release here
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