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28 August 2012 - Consolidated
financial statement of
the Eurosystem as at 24
August 2012
Items not related to monetary policy operations
In the week ending 24 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) increased by EUR 0.4 billion to EUR 244 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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23 August 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 9.3 billion
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USD 8.5 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 0.9 billion to EUR 320.7 billion. Banknotes in circulation (liability item 1) fell by EUR 5
billion to EUR 895.9 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 15.7 billion to EUR 124.2 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 2.8 billion to EUR 664.9
billion. On Wednesday, 22 August 2012, a main refinancing operation of EUR 130.6 billion matured
and a new one of EUR 131.2 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) was EUR 0.7 billion (compared with EUR 0.9 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 329.3 billion (compared with EUR 326.9 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) decreased by
EUR 2.3 billion to EUR 278.9 billion. This decrease
was due to the redemption
of securities under the
Securities Markets Programme, which
more than offset the purchases
settled under the second covered bond purchase programme
during the week. Therefore, in the week ending 24 August 2012, the value of accumulated
purchases under the
Securities Markets Programme amounted
to EUR 208.8 billion, while the values of the
portfolios held under the
first and second covered bond purchase
programmes totalled EUR 55 billion and EUR 15.1
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 16.6 billion to EUR 525.5 billion.
Full press release here
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