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Consolidated financial statement of Eurosystem as at 16 May 2014

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 46.9 billion to EUR 489.7 billion

May 21, 2014 10:09 IST | India Infoline News Service
In the week ending 16 May 2014 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 0.4 billion to EUR 210 billion on account of customer and portfolio transactions. In the past week the Eurosystem has not conducted any liquidity-providing transactions in connection with the standing swap arrangement 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 0.5 billion to EUR 364.1 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.2 billion to EUR 947.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 1.2 billion to EUR 102.6 billion.

Items related to monetary policy operations
The Eurosystems net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4)  increased  by  EUR 46.9  billion  to  EUR 489.7  billion.  On  Wednesday, 14 May 2014, a main refinancing operation of EUR 129.1 billion matured and a new one of EUR 137.3 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 165.5 billion matured and new deposits were collected in an amount of EUR 144.3 billion, with a maturity of one week.

During the week, a longer-term refinancing operation of EUR 28 billion matured and a new one of EUR 32.3 billion was settled, while EUR 3.4 billion of longer-term refinancing operations was repaid before maturity.

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