Consolidated financial statement of the Eurosystem as at 6 September 2013

Items not related to monetary policy operations

In the week ending 6 September 2013 gold and gold receivables (asset item 1) remained unchanged.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.3 billion to EUR 212.1 billion on account of customer and portfolio transactions.

In the week ending 6 September 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 1.1 billion to EUR 354.1 billion. Banknotes in circulation (liability item 1) increased by EUR 1 billion to EUR 920.4 billion. Liabilities to general government (liability item 5.1) decreased by EUR 16.1 billion to EUR 70.4 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 13.3 billion to EUR 516.1 billion. On Wednesday, 4 September 2013, a main refinancing operation of EUR 97.1 billion matured and a new one of EUR 95.6 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 190.5 billion matured and new deposits were collected in the same amount, with a maturity of one week.

During the week, EUR 4.7 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 2.2 billion (compared with EUR 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 79.9 billion (compared with EUR 70.6 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) remained unchanged at EUR 250.1 billion. Therefore, in the week ending 6 September 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 43.6 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 3.1 billion to EUR 269.2 billion.