In the week ending 23 October 2009 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 3.2 billion to EUR 174.7 billion on account of customer and portfolio transactions and the US dollar liquidity-providing transactions.
|Value date||Type of transaction||Maturing amount||New amount|
|21 October 2009||7-day Swiss franc liquidity-providing EUR/CHF foreign exchange swap||CHF 6.6 billion||CHF 8 billion|
|22 October 2009||7-day US dollar liquidity-providing reverse transaction||USD 29.7 billion||USD 24.2 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 0.2 billion to EUR 305.7 billion. Banknotes in circulation (liability item 1) decreased by EUR 2.1 billion to EUR 768.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 8.8 billion to EUR 153.1 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) decreased by EUR 24.5 billion to EUR 598.9 billion. On Wednesday, 21 October 2009, a main refinancing operation of EUR 61.6 billion matured and a new one of EUR 49.8 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 80.7 billion (compared with EUR 68 billion in the preceding week).
The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.4 billion to EUR 19.7 billion in the week ending 23 October 2009.
As a result of all transactions, the current account position of credit institutions with the Eurosystem (liability item 2.1) decreased by EUR 34.4 billion to EUR 219.6 billion.
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