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Consolidated financial statement of the Eurosystem as at 9 August 2013

13 August 2013

Items not related to monetary policy operations

In the week ending 9 August 2013 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 0.3 billion to EUR 213 billion on account of customer and portfolio transactions.

In the week ending 9 August 2013 the Eurosystem did not conduct any liquidity-providing transactions 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 2 billion to EUR 350.2 billion. Banknotes in circulation (liability item 1) increased by EUR 0.7 billion to EUR 922.9 billion. Liabilities to general government (liability item 5.1) decreased by EUR 7 billion to EUR 68.6 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 2.2 billion to EUR 524.1 billion. On Wednesday, 7 August 2013, a main refinancing operation of EUR 109.2 billion matured and a new one of EUR 99.4 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 195.5 billion matured and new deposits were collected in an amount of EUR 192.5 billion, with a maturity of one week.

During the week, a longer-term refinancing operation of EUR 3.5 billion matured and a new one of EUR 3.9 billion was settled, while EUR 2.1 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with virtually nil in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 77 billion (compared with EUR 87.3 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) remained unchanged at EUR 252.5 billion. Therefore, in the week ending 9 August 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 192.6 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 44.1 billion and EUR 15.8 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 11.7 billion to EUR 284 billion.

Assets (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Gold and gold receivables 319,968 0
2 Claims on non-euro area residents denominated in foreign currency 250,097 2,776
2.1 Receivables from the IMF 85,637 304
2.2 Balances with banks and security investments, external loans and other external assets 164,460 2,472
3 Claims on euro area residents denominated in foreign currency 24,230 −1,595
4 Claims on non-euro area residents denominated in euro 20,846 −813
4.1 Balances with banks, security investments and loans 20,846 −813
4.2 Claims arising from the credit facility under ERM II 0 0
5 Lending to euro area credit institutions related to monetary policy operations denominated in euro 793,600 −11,320
5.1 Main refinancing operations 99,413 −9,750
5.2 Longer-term refinancing operations 693,974 −1,760
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 212 193
5.6 Credits related to margin calls 0 −3
6 Other claims on euro area credit institutions denominated in euro 84,322 −2,491
7 Securities of euro area residents denominated in euro 602,661 1,950
7.1 Securities held for monetary policy purposes 252,499 0
7.2 Other securities 350,162 1,950
8 General government debt denominated in euro 28,356 0
9 Other assets 255,242 −275
Total assets 2,379,322 −11,769
Liabilities (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Banknotes in circulation 922,944 656
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 553,550 −1,835
2.1 Current accounts (covering the minimum reserve system) 284,035 11,707
2.2 Deposit facility 76,997 −10,351
2.3 Fixed-term deposits 192,500 −3,000
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 17 −191
3 Other liabilities to euro area credit institutions denominated in euro 6,431 −88
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 91,206 −8,543
5.1 General government 68,584 −7,015
5.2 Other liabilities 22,622 −1,528
6 Liabilities to non-euro area residents denominated in euro 135,755 −168
7 Liabilities to euro area residents denominated in foreign currency 1,895 508
8 Liabilities to non-euro area residents denominated in foreign currency 5,156 396
8.1 Deposits, balances and other liabilities 5,156 396
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 54,240 0
10 Other liabilities 233,047 −2,695
11 Revaluation accounts 284,680 0
12 Capital and reserves 90,419 0
Total liabilities 2,379,322 −11,769
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