ECB Financial Statement as at September 27, 2013

by Eduardo Petazze
On September 23, Mario Draghi appeared before the Committee on Economic and Monetary Affairs of the European Parliament.
To ensure an adequate transmission of monetary policy .. effective measures be taken ..
By giving unlimited access to central bank refinancing against adequate collateral,
Ensuring that solvent banks remain liquid has contributed to avoiding an abrupt deleveraging which would have deeply damaged the
economy.
On September 27, 2013 the ECB has increased its support to the EA financial system by about 101.4 billion euros in the past year.
European Central Bank (ECB) - Lastest open market operations - EUR millions
Consolidated financial statement of the Eurosystem as at
Sep 28, 12
Lending to banks Maturity Date
30 Aug 13 6 Sep 13 13 Sep 13 20 Sep 13 27 Sep 13 4 Oct 13 N of Bidders EUR millions
4. Sep. 2013
97,126
63
11. Sep. 2013
95,621
66
11. Sep. 2013
3,910
3,910
24
18. Sep. 2013
97,170
70
25. Sep. 2013
96,249
79
26. Sep. 2013
9,477
9,477
9,477
9,477
50
2. Oct. 2013
97,027
74
9. Oct. 2013
94,466
73
9. Oct. 2013
3,430
3,430
3,430
3,430
23
31. Oct. 2013
2,683
2,683
2,683
2,683
2,683
2,683
43
28. Nov. 2013
6,823
6,823
6,823
6,823
6,823
6,823
38
19. Dec. 2013
8,607
8,607
51
29. Jan. 2015
275,040 274,940 271,235 270,494 267,844 266,309 (*)
523
26. Feb. 2015
423,177 418,632 416,432 414,057 408,797 407,175 (#)
800
Adjusted in the LT operations
-27,816 -27,821 -27,821 -28,041 -28,027 -28,027
estimate
Marginal lend and credit margin call
131
2,249
67
246
121
689
estimate
Annual chg.
1,178,184
Total Gross Lending (1)
790,549 786,512 779,495 775,417 767,304 762,154
-410,880
107,021
plus: Reserve requirements (2)
104,939 104,939 103,753 103,753 103,753 103,753
-3,268
525,830
less: Current accounts (3)
272,260 269,181 275,819 274,478 258,760 246,785
-267,070
315,754
less: Deposit facility (4)
70,569 79,934
71,425
50,060
52,870 66,856
-262,884
443,621
Net Lending in Euros [(5)=(1)+(2)-(3)(4)]
552,659 542,336 536,004 554,632 559,427 552,266
115,806
Weekly change
743 -10,323
-6,332
18,628
4,795 -7,161
Annual change 122,711 106,017
92,610 116,540 115,806 100,735
Fixed-term deposits
30 Aug 13 6 Sep 13 13 Sep 13 20 Sep 13 27 Sep 13 4 Oct 13
Account balances
190,500 190,500 190,500 190,500 190,500 187,500
209,000
Weekly change
-2,000
0
0
0
0 -3,000
N of Bidders
123
133
128
122
116
117
Total Bid Amount 287,539 314,840 297,762 272,916 248,472 265,066
Monetary policy portfolios
30 Aug 13 6 Sep 13 13 Sep 13 20 Sep 13 27 Sep 13 4 Oct 13
Annual chg.
280,207
Securities held for monetary policy purposes
250,139 250,139 250,087 249,767 246,703
-32,944
54,612
Covered bond purchases # 1
43,648 43,648
43,601
43,282
43,282
-11,330
16,205
Covered Bond Purchase # 2
15,815 15,815
15,809
15,809
15,710
-495
208,830
Securities Markets Program (SMP)
190,676 190,676 190,676 190,676 187,711
-21,119
Difference
1
0
(*) Exercise of repayment option on main refinancing tender 20110149
N million EUR
(*) cumulative repayments
222,882
Oct 2, 2013
4
1,535
Sep 25, 2013
4
2,650
Sep 18, 2013
2
741
Sep 11, 2013
5
3,705
Sep 4, 2013
1
100
Aug 28, 2013
1
100
(#) Exercise the repayment option on main refinancing tender 201200034
# million EUR
(#) cumulative repayments
122,356
Oct 2, 2013
5
1,622
Sep 25, 2013
5
5,260
Sep 18, 2013
3
2,375
Sep 11, 2013
2
2,200
Sep 4, 2013
5
4,545
Aug 28, 2013
2
205
estimate
Postscript:
On September 27, 2013, the ECB has published a new Framework for the assessment of securities settlement systems and links to
determine their eligibility for use in Eurosystem credit operations(pdf, 26 pages)
Consequently, the ECB has adopted two Decision
ECB/2013/35 on additional measures relating to Eurosystem refinancing operations and eligibility of collateral, and
ECB/2013/36 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.