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20 March 2012 - Consolidated
financial statement of
the Eurosystem as at 16
March 2012
Items not related to monetary policy operations
In the week ending 16 March 2012 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 1.0 billion to EUR 250.7 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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15 March 2012
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7-day US dollar liquidity-providing
reverse transaction
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USD 1.6 billion
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USD 2.3 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) decreased by EUR 1.1 billion to EUR 347.0 billion. Banknotes in circulation (liability item 1) decreased by
EUR 1.5 billion to EUR 869.1 billion. Liabilities
to general government
(liability item 5.1) increased
by EUR 4.6 billion to EUR 138.9 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 89.1 billion to EUR 172.6
billion. On Wednesday, 14 March 2012, a main refinancing operation of EUR 17.5 billion matured
and a new one of EUR 42.2 billion was settled. On the same day, a longer-term refinancing operation of EUR 14.3 billion matured
and a new one of EUR 9.8 billion was settled. Also on Wednesday, 14 March 2012, fixed-term
deposits in an amount
of EUR 219.5 billion matured and new deposits were collected in an amount of EUR
218 billion, with a maturity
of one week.
Recourse to the marginal lending facility (asset item 5.5) was EUR 11.8 billion (compared with EUR 0.6 billion in the previous
week), while recourse to the deposit
facility (liability
item 2.2) was EUR 758.8 billion (compared with EUR 798.0 billion
in the preceding week).
The holdings by the
Eurosystem of securities
held for monetary policy purposes (asset item 7.1) increased by
EUR 0.4 billion to EUR 283.4 billion. This increase
was due to the purchases settled during the week under the second covered bond purchase
programme, which more than
offset the redemption of securities
under the first covered
bond purchase programme. Therefore,
in the week ending 16
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 57.0 billion and EUR 8.7 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 34.2 billion to EUR 132.2 billion.
Full press release here
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