|
25 October
2011 - Consolidated financial statement of the Eurosystem
as at 21 October 2011
Items not
related to monetary policy operations
In the week ending 21 October 2011 the
increase of EUR 1 million in gold and gold receivables (asset item 1)
reflected the purchase of gold by one Eurosystem
central bank as well as the sale of gold coin by another Eurosystem
central bank.
The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus
liability items 7, 8 and 9) increased by EUR 0.1 billion to EUR 192 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
|
|
20 October
2011
|
7-day US
dollar liquidity-providing reverse transaction
|
USD 0.5
billion
|
USD 0.5
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 0.6 billion to EUR 338.5
billion. Banknotes in circulation (liability item 1) decreased by EUR
1.2 billion to EUR 858.3 billion. Liabilities to general government
(liability item 5.1) rose by EUR 24 billion to EUR 69.2 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 69.2 billion to EUR 218 billion. On
Wednesday, 19 October 2011, a main refinancing operation of EUR 204.9
billion matured and a new one of EUR 201.2 billion was settled. On the same
day, fixed-term deposits in an amount of EUR 163 billion matured and
new deposits were collected in an amount of EUR 165 billion, with a maturity
of one week.
Recourse to the marginal lending
facility (asset item 5.5) was EUR 4.6 billion (compared with EUR 2.2
billion in the previous week), while recourse to the deposit facility
(liability item 2.2) was EUR 202.1 billion (compared with EUR 136.2 billion
in the preceding week).
The holdings by the Eurosystem
of securities held for monetary policy purposes (asset item 7.1)
increased by EUR 4.2 billion to EUR 228.7 billion. This increase was due to
the net result of settled purchases of securities under the Securities
Markets Programme and the redemption of securities
under both the Securities Markets Programme and the
covered bond purchase programme. Therefore, in the
week ending 21 October 2011 the value of accumulated purchases under the
Securities Markets Programme and that of the
portfolio held under the covered bond purchase programme
totalled EUR 169.5 billion and EUR 59.2 billion
respectively. Both 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 85.5 billion to EUR 213.1 billion.
Full press release here
|
