Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Suggestions
Sort by

Consolidated financial statement of the Eurosystem as at 15 February 2013

19 February 2013

Items not related to monetary policy operations

In the week ending 15 February 2013 the increase of EUR 1 million in gold and gold receivables (asset item 1) reflected the purchase 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 0.2 billion to EUR 216.4 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
14 February 2013 7-day US dollar liquidity-providing reverse transaction USD 1 billion USD 1 billion

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) increased by EUR 30.4 billion to EUR 336.5 billion, mainly as a result of the realisation of collateral by one national central bank (see also the press release accompanying the Consolidated financial statement of the Eurosystem as at 8 February 2013). Banknotes in circulation (liability item 1) fell by EUR 2.3 billion to EUR 881.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 1.3 billion to EUR 67.9 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 19.2 billion to EUR 673.2 billion. On Wednesday, 13 February 2013, a main refinancing operation of EUR 129.3 billion matured and a new one of EUR 128.7 billion was settled. On the same day, fixed-term deposits in an amount of EUR 205.5 billion matured and new deposits were collected in the same amount, with a maturity of one week. During the week, a longer-term refinancing operation of EUR 10.5 billion matured and a new one of EUR 7.8 billion was settled, while EUR 5 billion was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 1.8 billion (compared with zero in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 131.9 billion (compared with EUR 157.2 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 0.1 billion to EUR 270.5 billion. This decrease was due to the redemption of securities acquired under the first and second covered bond purchase programmes. Therefore, in the week ending 15 February 2013, the value of accumulated purchases under the Securities Markets Programme amounted to EUR 205.4 billion, while the value of the portfolios held under the first and second covered bond purchase programmes totalled EUR 48.8 billion and EUR 16.3 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 23.4 billion to EUR 466.5 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 438,688 1
2 Claims on non-euro area residents denominated in foreign currency 254,040 768
2.1 Receivables from the IMF 86,677 −339
2.2 Balances with banks and security investments, external loans and other external assets 167,362 1,107
3 Claims on euro area residents denominated in foreign currency 28,537 346
4 Claims on non-euro area residents denominated in euro 19,902 −1,397
4.1 Balances with banks, security investments and loans 19,902 −1,397
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 1,010,614 −6,537
5.1 Main refinancing operations 128,680 −628
5.2 Longer-term refinancing operations 880,153 −7,689
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1,781 1,781
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 83,669 −3,501
7 Securities of euro area residents denominated in euro 607,057 30,262
7.1 Securities held for monetary policy purposes 270,511 −106
7.2 Other securities 336,546 30,368
8 General government debt denominated in euro 29,912 0
9 Other assets 283,306 −31,789
Total assets 2,755,725 −11,846
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 881,058 −2,343
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 803,865 −2,418
2.1 Current accounts (covering the minimum reserve system) 466,468 23,366
2.2 Deposit facility 131,885 −25,313
2.3 Fixed-term deposits 205,500 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 12 −471
3 Other liabilities to euro area credit institutions denominated in euro 6,799 132
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 103,015 −996
5.1 General government 67,904 1,302
5.2 Other liabilities 35,111 −2,298
6 Liabilities to non-euro area residents denominated in euro 170,772 −3,513
7 Liabilities to euro area residents denominated in foreign currency 3,537 153
8 Liabilities to non-euro area residents denominated in foreign currency 7,721 1,154
8.1 Deposits, balances and other liabilities 7,721 1,154
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 54,952 0
10 Other liabilities 230,592 −4,493
11 Revaluation accounts 407,378 0
12 Capital and reserves 86,035 478
Total liabilities 2,755,725 −11,846
CONTACT

European Central Bank

Directorate General Communications

Reproduction is permitted provided that the source is acknowledged.

Media contacts