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13 March 2012
- Consolidated financial statement of the Eurosystem
as at 9 March 2012
Items not
related to monetary policy operations
In the week ending 9 March 2012 the
increase of EUR 4 million in gold and gold receivables (asset item 1)
reflected the purchase of gold by one Eurosystem
central bank.
The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus
liability items 7, 8 and 9) decreased by EUR 1.2 billion to EUR 249.7 billion
on account of customer and portfolio transactions and US dollar
liquidity-providing operations (see below).
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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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8 March 2012
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7-day US
dollar liquidity-providing reverse transaction
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USD 3.5
billion
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USD 1.6
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 348.1
billion. Banknotes in circulation (liability item 1) remained
virtually unchanged at EUR 870.6 billion. Liabilities to general government
(liability item 5.1) decreased by EUR 1.1 billion to EUR 134.3 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 10.6 billion to EUR 83.5 billion. On
Tuesday, 6 March 2012, a main refinancing operation of EUR 29.5
billion matured and a new one of EUR 17.5 billion was settled. On the same
day, fixed-term deposits in an amount of EUR 219.5 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 0.6 billion (compared with EUR 0.8
billion in the previous week), while recourse to the deposit facility
(liability item 2.2) was EUR 798 billion (compared with EUR 820.8 billion in
the preceding week).
The holdings by the Eurosystem
of securities held for monetary policy purposes (asset item 7.1)
decreased by EUR 1.1 billion to EUR 283 billion. This decrease was due to the
redemption of securities under the Securities Markets Programme,
which more than offset the purchases settled during the week under both the
Securities Markets Programme and the second covered
bond purchase programme. Therefore, in the week
ending 9 March 2012 the value of accumulated purchases under the Securities
Markets Programme amounted to EUR 217.8 billion,
while those of the portfolios held under the first and second covered bond
purchase programmes totalled
EUR 57.2 billion and EUR 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) increased by EUR 6.5 billion to EUR 97.9 billion.
Full press release here
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