Consolidated financial statement of the Eurosystem as at 11 June 2010

Items not related to monetary policy operations

In the week ending 11 June 2010 the decrease of EUR 1 million in gold and gold receivables (asset item 1) reflected the net sale of gold coin by one Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.6 billion to EUR 172.7 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 1.7 billion to EUR 302.7 billion. Banknotes in circulation (liability item 1) increased by EUR 0.3 billion to EUR 809.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 5.3 billion to EUR 122.5 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 35.9 billion to EUR 404.7 billion. On Wednesday, 9 June 2010, a main refinancing operation of EUR 117.7 billion matured and a new one of EUR 122 billion was settled. On the same date, deposits in an amount of EUR 35 billion matured and new deposits with a maturity of one week were collected in an amount of EUR 40.5 billion. On Thursday, 10 June 2010, a longer-term refinancing operation of EUR 1.7 billion matured.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.4 billion (compared with virtually nil in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 384.3 billion (compared with EUR 350.9 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 7.6 billion to EUR 103.7 billion as a result of settled purchases of EUR 6.7 billion under the Securities Markets Programme and of EUR 0.9 billion under the euro-denominated covered bond purchase programme.

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 33.5 billion to EUR 137.8 billion.