Consolidated financial statement of the Eurosystem as at 29 January 2010
Items not related to monetary policy operations
In the week ending 29 January 2010 the increase of EUR 1 million in gold and gold receivables (asset item 1) reflected the purchase of gold 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) increased by EUR 0.4 billion to EUR 158.7 billion on account of customer and portfolio transactions and a US dollar liquidity-providing transaction.
Value date | Type of transaction | Maturing amount | New amount |
27 January 2010 | 7-day Swiss franc liquidity-providing EUR/CHF foreign exchange swap | CHF 823.7 million | CHF 817.7 million |
28 January 2010 | 7-day US dollar liquidity-providing reverse transaction | USD 75 million | - |
The liquidity-providing transactions were conducted by the Eurosystem in connection with the temporary reciprocal currency arrangements (swap lines) that the European Central Bank has with the Swiss National Bank and the Federal Reserve System. The EUR/CHF foreign exchange swaps had no effect on the net position of the Eurosystem in foreign currency. As announced on 18 January and 27 January 2010 respectively, Swiss franc and US dollar liquidity-providing operations will no longer be conducted after 31 January 2010.
The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 0.9 billion to EUR 297.7 billion. Banknotes in circulation (liability item 1) increased by EUR 0.2 billion to EUR 783.5 billion. Liabilities to general government (liability item 5.1) grew by EUR 10.8 billion to EUR 135.2 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 16.8 billion to EUR 561 billion. On Wednesday, 27 January 2010, a main refinancing operation of EUR 58 billion matured and a new one of EUR 63.4 billion was settled. On Thursday, 28 January 2010, a longer-term refinancing operation of EUR 3.3 billion matured and a new one of EUR 3.3 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (approximately the same as in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 165.3 billion (compared with EUR 143.1 billion in the preceding week).
The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.5 billion to EUR 33.5 billion in the week ending 29 January 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 24.7 billion to EUR 219.5 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 | 266,919 | 1 | |
2 | Claims on non-euro area residents denominated in foreign currency | 193,793 | −1,345 | |
2.1 | Receivables from the IMF | 62,848 | 25 | |
2.2 | Balances with banks and security investments, external loans and other external assets | 130,945 | −1,370 | |
3 | Claims on euro area residents denominated in foreign currency | 28,273 | 461 | |
4 | Claims on non-euro area residents denominated in euro | 18,092 | 697 | |
4.1 | Balances with banks, security investments and loans | 18,092 | 697 | |
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 | 726,311 | 5,391 | |
5.1 | Main refinancing operations | 64,044 | 5,414 | |
5.2 | Longer-term refinancing operations | 662,159 | −30 | |
5.3 | Fine-tuning reverse operations | 0 | 0 | |
5.4 | Structural reverse operations | 0 | 0 | |
5.5 | Marginal lending facility | 88 | 5 | |
5.6 | Credits related to margin calls | 20 | 1 | |
6 | Other claims on euro area credit institutions denominated in euro | 26,705 | −1,763 | |
7 | Securities of euro area residents denominated in euro | 331,188 | 2,341 | |
7.1 | Securities held for monetary policy purposes | 33,532 | 1,478 | |
7.2 | Other securities | 297,656 | 863 | |
8 | General government debt denominated in euro | 36,171 | 0 | |
9 | Other assets | 250,202 | 1,530 | |
Total assets | 1,877,655 | 7,313 |
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 | 783,544 | 192 | |
2 | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | 384,802 | −2,492 | |
2.1 | Current accounts (covering the minimum reserve system) | 219,534 | −24,687 | |
2.2 | Deposit facility | 165,261 | 22,188 | |
2.3 | Fixed-term deposits | 0 | 0 | |
2.4 | Fine-tuning reverse operations | 0 | 0 | |
2.5 | Deposits related to margin calls | 7 | 7 | |
3 | Other liabilities to euro area credit institutions denominated in euro | 442 | 149 | |
4 | Debt certificates issued | 0 | 0 | |
5 | Liabilities to other euro area residents denominated in euro | 143,563 | 10,563 | |
5.1 | General government | 135,231 | 10,785 | |
5.2 | Other liabilities | 8,332 | −222 | |
6 | Liabilities to non-euro area residents denominated in euro | 40,245 | −771 | |
7 | Liabilities to euro area residents denominated in foreign currency | 2,718 | −2,249 | |
8 | Liabilities to non-euro area residents denominated in foreign currency | 9,395 | 967 | |
8.1 | Deposits, balances and other liabilities | 9,395 | 967 | |
8.2 | Liabilities arising from the credit facility under ERM II | 0 | 0 | |
9 | Counterpart of special drawing rights allocated by the IMF | 51,249 | 0 | |
10 | Other liabilities | 167,455 | 953 | |
11 | Revaluation accounts | 220,213 | 0 | |
12 | Capital and reserves | 74,028 | 0 | |
Total liabilities | 1,877,655 | 7,313 |
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