FRANKFURT (Dow Jones) – The net position in foreign currencies of the euro system has become the 28th week May 2010 compared to the previous week by 4.3 billion to EUR 177.8 billion increased. (Photo: ECB)
As the European Central Bank (ECB) announced on Tuesday stood behind customer and portfolio transactions and the supply of dollar liquidity. Thus a seven-day liquidity-lending business over USD 5.4 billion was settled, with the European Central Bank (ECB) and Federal Reserve co-operate.
The holdings of the euro system of marketable securities of euro area residents denominated in that were not kept for monetary policy purposes, rose by 0.9 billion to EUR 308.2 billion. Banknotes in circulation rose by 0.1 billion to EUR 804.7 billion on. Liabilities to general government rose by 19.4 billion to EUR 137.7 billion. The decrease of EUR 3.0 million in gold and gold receivables corresponded, according to Governing the sale of gold by one central bank in the Euro system and the net sale of gold coins of another central bank.
The net assets of the euro system to banks in the euro area decreased by 69.2 billion to EUR 472.5 billion. On 12 May 2010 a main refinancing operation of EUR 104.8 billion matured, replaced by a new one about 106 billion EUR. On the same day were deposits amounting to EUR 16.5 billion matured and new deposits of EUR 26.5 billion with a maturity of one week were bills of. With the deposits from the liquidity, the ECB, which she had previously given for the purchase of bonds in the money market. In addition, on 27 May, a longer-term refinancing operation of EUR 10.2 billion EUR matured and a new one of EUR 12.2 billion EUR was settled.
Recourse to the marginal lending facility amounted to EUR 0.3 billion compared with virtually nil in the previous week, that the deposit facility amounted to EUR 316.2 billion compared to EUR 253.5 billion in the previous week. The volume of securities held for monetary policy purposes increased by 10.2 billion to 90 billion EUR. Of which EUR 8.8 billion was attributable to the securities purchase Program (SMP) and EUR 1.4 billion to purchase within the purchase program for covered bonds.
For all transactions, deposits of the business fell on checking accounts in the Euro system by 62.6 billion to EUR 183.7 billion.
Website: http://www.ecb.int
DJG / have / apo / ISJ
