16 August 2011 - Consolidated
financial statement of
the Eurosystem as at
12 August 2011
Items not related to monetary policy operations
In the week ending 12 August 2011 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) decreased by EUR 0.3 billion to
EUR 177.5 billion on account of customer and portfolio transactions.
The holdings by the
Eurosystem of marketable securities other than those held
for monetary policy purposes (asset
item 7.2) increased by EUR 0.1 billion to
EUR 336.2 billion. Banknotes in
circulation (liability item 1) increased by EUR 0.6 billion to EUR 858.2
billion. Liabilities to general government (liability item 5.1) decreased
by EUR 0.6 billion to EUR 53.5 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 98.3 billion
to EUR 393.3 billion. On Wednesday, 10 August
2011, a main refinancing
operation of EUR 172.0 billion matured and a new one of EUR 157.1 billion was settled. On the same day, a
longer-term refinancing
operation of EUR 67.7 billion matured and a new one of EUR 75.8 billion was settled. Also on Wednesday, 10 August
2011, fixed-term deposits
in an amount of EUR 74.0 billion matured and new deposits were collected in the same amount, with a maturity of one week. On Thursday, 11 August 2011, a longer-term refinancing operation of EUR 49.8 billion was settled with
a maturity of approximately
six months.
Recourse to the marginal lending facility (asset
item 5.5) was virtually
nil (approximately the same as in the previous week), while recourse to the deposit
facility (liability
item 2.2) was EUR 80.2 billion (compared with EUR 134.8
billion in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased
by EUR 22.0 billion to EUR 155.7 billion. This increase
was due to settled purchases under the Securities Markets Programme. Therefore,
in the week ending
12 August 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 96.0 billion and
EUR 59.7 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) increased
by EUR 127.0 billion to EUR 286.8 billion.
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