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Consolidated financial statement of the Eurosystem as at 27 December 2013

31 December 2013

Items not related to monetary policy operations

In the week ending 27 December 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 0.1 billion to EUR 207.4 billion on account of customer and portfolio transactions.

In the past week the Eurosystem has not conducted 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 0.8 billion to EUR 350.6 billion. Banknotes in circulation (liability item 1) rose by EUR 7.8 billion to EUR 958.3 billion. Liabilities to general government (liability item 5.1) increased by EUR 0.8 billion to EUR 56.8 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 0.6 billion to EUR 517.5 billion. On Monday, 23 December 2013, a main refinancing operation of EUR 118.9 billion matured and a new one of EUR 133.6 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 152.3 billion matured and new deposits were collected in an amount of EUR 139.9 billion, with a maturity of one week.

During the week EUR 20.7 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 EUR 0.3 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 59.6 billion (compared with EUR 53.3 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 235.4 billion. Therefore, in the week ending 27 December 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 178.3 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 41.7 billion and EUR 15.4 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 12 billion to EUR 244.1 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 343,920 0
2 Claims on non-euro area residents denominated in foreign currency 245,654 1,685
2.1 Receivables from the IMF 82,853 152
2.2 Balances with banks and security investments, external loans and other external assets 162,801 1,533
3 Claims on euro area residents denominated in foreign currency 22,964 −319
4 Claims on non-euro area residents denominated in euro 19,517 2
4.1 Balances with banks, security investments and loans 19,517 2
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 717,142 −6,160
5.1 Main refinancing operations 133,585 14,673
5.2 Longer-term refinancing operations 583,325 −20,725
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 232 −108
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 74,985 792
7 Securities of euro area residents denominated in euro 586,050 766
7.1 Securities held for monetary policy purposes 235,412 0
7.2 Other securities 350,638 766
8 General government debt denominated in euro 28,326 0
9 Other assets 246,842 1,103
Total assets 2,285,399 −2,132
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 958,265 7,794
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 443,733 −18,748
2.1 Current accounts (covering the minimum reserve system) 244,083 −11,995
2.2 Deposit facility 59,628 6,284
2.3 Fixed-term deposits 139,920 −12,331
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 102 −706
3 Other liabilities to euro area credit institutions denominated in euro 4,204 −4
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 82,342 971
5.1 General government 56,760 763
5.2 Other liabilities 25,582 208
6 Liabilities to non-euro area residents denominated in euro 115,209 5,578
7 Liabilities to euro area residents denominated in foreign currency 4,434 2,061
8 Liabilities to non-euro area residents denominated in foreign currency 3,193 −831
8.1 Deposits, balances and other liabilities 3,193 −831
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 53,565 0
10 Other liabilities 225,500 1,046
11 Revaluation accounts 304,534 0
12 Capital and reserves 90,420 0
Total liabilities 2,285,399 −2,132
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