Inspired by George Markides' ( @georgiemark) plot of ELA financing by the CBC at pictwitter I have plotted the same data but added some other balance sheet lines from the asset and liability sides of the monthly balance sheet.
The red line is Emergency Liquidity Assistance that peaks at €11.4bn in March 2013.
It is interesting how 'Lending to euro area credit institutions related to monetary policy operations' falls to compensate in part the rise in ELA such that the total asset/liability value rises to a maximum of €19.3bn in June 2012 before falling to €15.8bn in March 2013.
Help with interpretation of the other stuff much appreciated.
One thing I had 'hoped' to see was a rise in CBC lending after the merger of Marfin Popular and Marfin Egnatia Bank in March 2012 when I expected the merged bank's obligations to Central Banks to shift from Greece to Cyprus but these figures appear not to show the rise I was hoping for (see my paper Not so lucky Laiki in blog below and at Not so lucky. I'm not sure if that destroys my argument or not. Again comments much appreciated.