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 March 2013

19 March 2013

Items not related to monetary policy operations

In the week ending 15 March 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 0.5 billion to EUR 217.8 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 March 2013 7-day US dollar liquidity-providing reverse transaction USD 25 million No allotment

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 1.7 billion to EUR 336.7 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.1 billion to EUR 882.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 1.4 billion to EUR 81.5 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 9.8 billion to EUR 581.5 billion. On Wednesday, 13 March 2013, a main refinancing operation of EUR 129.8 billion matured and a new one of EUR 127.3 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 7.8 billion matured and a new one of EUR 4.2 billion was settled, while EUR 5 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) remained virtually unchanged at close to zero, while recourse to the deposit facility (liability item 2.2) was EUR 132.6 billion (compared with EUR 134.1 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 269.2 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 March 2013, the value of accumulated purchases under the Securities Markets Programme amounted to EUR 205.3 billion, while the value of the portfolios held under the first and second covered bond purchase programmes totalled EUR 47.7 billion and EUR 16.2 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 11.7 billion to EUR 366.5 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 438,692 1
2 Claims on non-euro area residents denominated in foreign currency 251,417 −1,137
2.1 Receivables from the IMF 86,548 −55
2.2 Balances with banks and security investments, external loans and other external assets 164,869 −1,082
3 Claims on euro area residents denominated in foreign currency 28,694 −1,333
4 Claims on non-euro area residents denominated in euro 22,089 −208
4.1 Balances with banks, security investments and loans 22,089 −208
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 920,791 −11,017
5.1 Main refinancing operations 127,305 −2,499
5.2 Longer-term refinancing operations 793,474 −8,515
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 12 −3
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 70,163 −3,264
7 Securities of euro area residents denominated in euro 605,859 −2,068
7.1 Securities held for monetary policy purposes 269,172 −332
7.2 Other securities 336,688 −1,735
8 General government debt denominated in euro 29,912 0
9 Other assets 280,228 923
Total assets 2,647,844 −18,104
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 882,829 −146
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 705,765 10,507
2.1 Current accounts (covering the minimum reserve system) 366,510 11,707
2.2 Deposit facility 132,634 −1,449
2.3 Fixed-term deposits 205,500 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1,121 248
3 Other liabilities to euro area credit institutions denominated in euro 6,558 218
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 108,353 −14,689
5.1 General government 81,454 −1,430
5.2 Other liabilities 26,900 −13,259
6 Liabilities to non-euro area residents denominated in euro 157,731 −10,395
7 Liabilities to euro area residents denominated in foreign currency 1,584 −830
8 Liabilities to non-euro area residents denominated in foreign currency 5,823 −1,163
8.1 Deposits, balances and other liabilities 5,823 −1,163
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 228,645 −1,709
11 Revaluation accounts 407,378 0
12 Capital and reserves 88,225 104
Total liabilities 2,647,844 −18,104
CONTACT

European Central Bank

Directorate General Communications

Reproduction is permitted provided that the source is acknowledged.

Media contacts