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Consolidated financial statement of the Eurosystem as at 20 September 2013

24 September 2013

Items not related to monetary policy operations

In the week ending 20 September 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 212.1 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
19 September 2013 7-day US dollar liquidity-providing reverse transaction USD 75 million USD 75 million

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 354.3 billion. Banknotes in circulation (liability item 1) decreased by EUR 2.5 billion to EUR 916.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 17.5 billion to EUR 84.9 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 17.3 billion to EUR 534.8 billion. On Wednesday, 18 September 2013, a main refinancing operation of EUR 97.2 billion matured and a new one of EUR 96.2 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 190.5 billion matured and new deposits were collected in the same amount, with a maturity of one week.

During the week, EUR 3.3 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 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 50.1 billion (compared with EUR 71.4 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 0.3 billion to EUR 249.8 billion. This decrease was due to the redemption of securities acquired under the first covered bond purchase programme. Therefore, in the week ending 20 September 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 190.7 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 43.3 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) decreased by EUR 1.3 billion to EUR 274.5 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 319,969 0
2 Claims on non-euro area residents denominated in foreign currency 250,695 −321
2.1 Receivables from the IMF 84,659 14
2.2 Balances with banks and security investments, external loans and other external assets 166,037 −335
3 Claims on euro area residents denominated in foreign currency 22,654 −1,081
4 Claims on non-euro area residents denominated in euro 23,136 828
4.1 Balances with banks, security investments and loans 23,136 828
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 775,417 −4,077
5.1 Main refinancing operations 96,249 −922
5.2 Longer-term refinancing operations 678,922 −3,335
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 246 179
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 76,116 −981
7 Securities of euro area residents denominated in euro 604,043 −232
7.1 Securities held for monetary policy purposes 249,768 −319
7.2 Other securities 354,275 87
8 General government debt denominated in euro 28,361 0
9 Other assets 246,198 2,328
Total assets 2,346,591 −3,536
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 916,731 −2,528
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 515,072 −22,726
2.1 Current accounts (covering the minimum reserve system) 274,478 −1,342
2.2 Deposit facility 50,060 −21,365
2.3 Fixed-term deposits 190,500 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 34 −19
3 Other liabilities to euro area credit institutions denominated in euro 6,053 −239
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 112,793 18,301
5.1 General government 84,880 17,510
5.2 Other liabilities 27,913 791
6 Liabilities to non-euro area residents denominated in euro 134,766 2,789
7 Liabilities to euro area residents denominated in foreign currency 2,578 −421
8 Liabilities to non-euro area residents denominated in foreign currency 4,437 −1,084
8.1 Deposits, balances and other liabilities 4,437 −1,084
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 224,822 2,371
11 Revaluation accounts 284,680 0
12 Capital and reserves 90,420 0
Total liabilities 2,346,591 −3,536
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