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 23 August 2013

27 August 2013

Items not related to monetary policy operations

In the week ending 23 August 2013 the increase of EUR 1 million in gold and gold receivables (asset item 1) reflected the purchase of gold bullion by a Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.2 billion to EUR 211.5 billion on account of customer and portfolio transactions.

In the week ending 23 August 2013 the Eurosystem did not conduct any liquidity-providing transactions 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 0.6 billion to EUR 351.9 billion. Banknotes in circulation (liability item 1) decreased by EUR 5.9 billion to EUR 918.3 billion. Liabilities to general government (liability item 5.1) increased by EUR 29 billion to EUR 86.7 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 6.6 billion to EUR 510.6 billion. On Wednesday, 21 August 2013, a main refinancing operation of EUR 97.6 billion matured and a new one of EUR 97.7 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 192.5 billion matured and new deposits were collected in the same amount, with a maturity of one week.

During the week, EUR 0.7 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 87.2 billion (compared with EUR 81.2 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 1.9 billion to EUR 250.6 billion. This decrease was due to the redemption of securities acquired under the Securities Markets Programme. Therefore, in the week ending 23 August 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 44.1 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 25.4 billion to EUR 256.1 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 319,968 1
2 Claims on non-euro area residents denominated in foreign currency 250,429 316
2.1 Receivables from the IMF 84,655 −10
2.2 Balances with banks and security investments, external loans and other external assets 165,774 326
3 Claims on euro area residents denominated in foreign currency 22,806 115
4 Claims on non-euro area residents denominated in euro 22,275 399
4.1 Balances with banks, security investments and loans 22,275 399
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 790,349 −582
5.1 Main refinancing operations 97,729 168
5.2 Longer-term refinancing operations 692,604 −654
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 15 −96
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 80,848 −1,275
7 Securities of euro area residents denominated in euro 602,535 −1,329
7.1 Securities held for monetary policy purposes 250,597 −1,902
7.2 Other securities 351,938 573
8 General government debt denominated in euro 28,356 0
9 Other assets 243,266 −5,334
Total assets 2,360,832 −7,689
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 918,346 −5,880
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 535,929 −19,333
2.1 Current accounts (covering the minimum reserve system) 256,148 −25,391
2.2 Deposit facility 87,224 6,022
2.3 Fixed-term deposits 192,500 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 56 36
3 Other liabilities to euro area credit institutions denominated in euro 6,139 −337
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 109,457 28,014
5.1 General government 86,653 28,957
5.2 Other liabilities 22,804 −944
6 Liabilities to non-euro area residents denominated in euro 131,783 −5,014
7 Liabilities to euro area residents denominated in foreign currency 1,590 168
8 Liabilities to non-euro area residents denominated in foreign currency 5,870 73
8.1 Deposits, balances and other liabilities 5,870 73
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 222,378 −5,380
11 Revaluation accounts 284,680 0
12 Capital and reserves 90,419 0
Total liabilities 2,360,832 −7,689
CONTACT

European Central Bank

Directorate General Communications

Reproduction is permitted provided that the source is acknowledged.

Media contacts