24 April 2001, 17:35 The ECB net foreign currency reserves fell E0.5 billion to E266.3 billion for the week ended April 2
FRANKFURT (MktNews) - The net foreign currency reserve position of
the Eurosystem -- the 12 national central banks of the euro-zone plus
the European Central Bank (ECB) -- fell E0.5 billion to E266.3 billion
for the week ended April 20, the ECB said Tuesday in its latest
consolidated financial statement.
The stock of gold remained unchanged a E118,464 billion.
The ECB said that holdings by the Eurosystem of marketable
securities of euro area residents denominated in euros decreased by E0.6
billion to E27.7 billion. Banknotes in circulation decreased by E7.2
billion to E353.7 billion, while liabilities to general government
decreased by E10.3 billion to E38.1 billion.
The ECB also said its net lending to credit institutions increased
by E44.1 billion in the latest period to E251.6 billion. A main
refinancing operation of E118 billion maturing on April 19 was replaced
by another of E172 billion.
ECB lending through the marginal lending facility was E0.1 billion
compared with E9.2 billion in the preceding week, while recourse to the
deposit facility was E0.1 billion, compared with "virtually nil" a week
earlier, the central bank reported.
As a result of all transactions, the current account position of
credit institutions with the Eurosystem increased by E60.3 billion to
stand at E159.4 billion, the ECB said.
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