In the week ending 9 September 2005 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 166.6 billion on account of customer and portfolio transactions.
The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 1.3 billion to EUR 89.9 billion. Banknotes in circulation (liability item 1) rose by EUR 1.1 billion to EUR 532 billion. Liabilities to general government (liability item 5.1) decreased by EUR 1.8 billion to EUR 54.6 billion.
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 1.5 billion to EUR 384.5 billion. On Wednesday, 7 September 2005, a main refinancing operation of EUR 293 billion matured and a new one of EUR 294.5 billion was settled.
Recourse to both the marginal lending facility (asset item 5.5) and the deposit facility (liability item 2.2) was virtually nil, which was approximately the same as in the preceding week.
As a result of all transactions, the current account position of credit institutions with the Eurosystem (liability item 2.1) increased by EUR 4.8 billion to EUR 151.5 billion.
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