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November 11, 2009 By Leave a Comment

10 November 2009 - Consolidated financial statement of the Eurosystem as of 6 November 2009

Items not related to monetary policy operations

In the week ending 6 November 2009 the decrease of EUR 20 million in gold and gold receivables (asset item 1) reflected the issue of commemorative gold coins 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 2.3 billion to EUR 171.8 billion on account of customer and portfolio transactions and US dollar liquidity-providing transactions.
Extraordinary transactions...
Value date Type of transaction Maturing amount New amount
4 November 2009 7-day Swiss franc liquidity-providing EUR/CHF foreign exchange swap CHF 7.4 billion CHF 7.8 billion
5 November 2009 7-day US dollar liquidity-providing reverse transaction USD 23.1 billion USD 22.2 billion
5 November 2009 84-day US dollar liquidity-providing reverse transaction USD 0.5 billion -
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 swap had no effect on the net position of the Eurosystem in foreign currency. The holdings by the Eurosystem of securities other than those held for monetary policy purposes (asset item 7.2) decreased by EUR 0.4 billion to EUR 302.5 billion. Banknotes in circulation (liability item 1) increased by EUR 2.2 billion to EUR 773.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 36.4 billion to EUR 137.5 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 43.5 billion to EUR 540.9 billion. On Wednesday, 4 November 2009, a main refinancing operation of EUR 48.7 billion matured and a new one of EUR 46.2 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 128.9 billion (compared with EUR 87.8 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 billion to EUR 21.6 billion in the week ending 6 November 2009.

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 8.6 billion to EUR 180.9 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 238,149 ?20
2 Claims on non-euro area residents denominated in foreign currency 193,040 ?1,680
2.1 Receivables from the IMF 61,830 ?1,389
2.2 Balances with banks and security investments, external loans and other external assets 131,210 ?290
3 Claims on euro area residents denominated in foreign currency 42,560 ?470
4 Claims on non-euro area residents denominated in euro 16,490 60
4.1 Balances with banks, security investments and loans 16,490 60
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 669,864 ?2,439
5.1 Main refinancing operations 46,901 ?2,459
5.2 Longer-term refinancing operations 622,748 ?1
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 104 ?34
5.6 Credits related to margin calls 111 55
6 Other claims on euro area credit institutions denominated in euro 20,156 296
7 Securities of euro area residents denominated in euro 324,081 540
7.1 Securities held for monetary policy purposes 21,609 968
7.2 Other securities 302,471 ?428
8 General government debt denominated in euro 36,195 0
9 Other assets 233,151 ?1,602
Total assets 1,773,685 ?5,315
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 773,829 2,219
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 309,814 32,480
2.1 Current accounts (covering the minimum reserve system) 180,898 ?8,601
2.2 Deposit facility 128,914 41,080
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 2 0
3 Other liabilities to euro area credit institutions denominated in euro 450 37
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 145,952 ?36,326
5.1 General government 137,521 ?36,410
5.2 Other liabilities 8,432 84
6 Liabilities to non-euro area residents denominated in euro 61,794 ?3,956
7 Liabilities to euro area residents denominated in foreign currency 3,325 ?1,207
8 Liabilities to non-euro area residents denominated in foreign currency 9,530 1,403
8.1 Deposits, balances and other liabilities 9,530 1,403
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 50,906 0
10 Other liabilities 152,874 36
11 Revaluation accounts 192,254 0
12 Capital and reserves 72,957 0
Total liabilities 1,773,685 ?5,315
European Central Bank Directorate Communications Press and Information Division Kaiserstrasse 29, D-60311 Frankfurt am Main Tel.: +49 69 1344 7455, Fax: +49 69 1344 7404 Internet: http://www.ecb.europa.eu
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