Consolidated financial statement of the Eurosystem as at 19 February 2010

Items not related to monetary policy operations

In the week ending 19 February 2010 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 0.4 billion to EUR 159.3 billion on account of customer and portfolio transactions.

The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) decreased by EUR 1.5 billion to EUR 296.5 billion. Banknotes in circulation (liability item 1) decreased by EUR 2.4 billion to EUR 782.8 billion. Liabilities to general government (liability item 5.1) increased by EUR 16.0 billion to EUR 123.5 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) decreased by EUR 34.8 billion to EUR 532.2 billion. On Wednesday, 17 February 2010, a main refinancing operation of EUR 76.1 billion matured and a new one of EUR 82.0 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 3.9 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 187.0 billion (compared with EUR 150.1 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.3 billion to EUR 37.4 billion in the week ending 19 February 2010.

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 46.9 billion to EUR 207.8 billion.