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Consolidated financial statement of the Eurosystem as at 18 October 2013

22 October 2013

Items not related to monetary policy operations

In the week ending 18 October 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) decreased by EUR 0.2 billion to EUR 207 billion on account of customer and portfolio transactions.

In the week ending 18 October 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) decreased by EUR 0.1 billion to EUR 353 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.5 billion to EUR 918.6 billion. Liabilities to general government (liability item 5.1) decreased by EUR 2.7 billion to EUR 70.7 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) increased by EUR 3.6 billion to EUR 516 billion. On Wednesday, 16 October 2013, a main refinancing operation of EUR 93.4 billion matured and a new one of EUR 91.2 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 188 billion matured and new deposits were collected in the same amount, with a maturity of one week.

During the week, EUR 0.8 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 0.3 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 45.7 billion (compared with EUR 52.6 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 246.6 billion. Therefore, in the week ending 18 October 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 188.2 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 42.8 billion and EUR 15.5 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 1.1 billion to EUR 269.1 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 343,919 0
2 Claims on non-euro area residents denominated in foreign currency 244,673 −980
2.1 Receivables from the IMF 83,280 −199
2.2 Balances with banks and security investments, external loans and other external assets 161,393 −781
3 Claims on euro area residents denominated in foreign currency 21,154 271
4 Claims on non-euro area residents denominated in euro 21,545 −1,216
4.1 Balances with banks, security investments and loans 21,545 −1,216
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 749,730 −3,293
5.1 Main refinancing operations 91,234 −2,132
5.2 Longer-term refinancing operations 658,495 −847
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −314
5.6 Credits related to margin calls 1 0
6 Other claims on euro area credit institutions denominated in euro 73,466 −2,568
7 Securities of euro area residents denominated in euro 599,583 −128
7.1 Securities held for monetary policy purposes 246,574 0
7.2 Other securities 353,009 −128
8 General government debt denominated in euro 28,328 0
9 Other assets 245,565 −4,545
Total assets 2,327,962 −12,459
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 918,636 −1,484
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 502,789 −5,831
2.1 Current accounts (covering the minimum reserve system) 269,105 1,057
2.2 Deposit facility 45,667 −6,886
2.3 Fixed-term deposits 188,000 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 18 −2
3 Other liabilities to euro area credit institutions denominated in euro 5,465 −462
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 101,543 7,397
5.1 General government 70,730 −2,665
5.2 Other liabilities 30,813 10,062
6 Liabilities to non-euro area residents denominated in euro 124,151 −6,971
7 Liabilities to euro area residents denominated in foreign currency 1,787 −578
8 Liabilities to non-euro area residents denominated in foreign currency 3,430 109
8.1 Deposits, balances and other liabilities 3,430 109
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 53,565 0
10 Other liabilities 221,643 −4,638
11 Revaluation accounts 304,534 0
12 Capital and reserves 90,419 0
Total liabilities 2,327,962 −12,459
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