Consolidated financial statement of the Eurosystem as at 1 November 2013

5 November 2013

Items not related to monetary policy operations

In the week ending 1 November 2013 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) increased by EUR 0.3 billion to EUR 207.2 billion on account of customer and portfolio transactions.

The Eurosystem has not conducted any liquidity-providing transactions in connection with the temporary reciprocal currency arrangement (swap line) that the European Central Bank has with the Federal Reserve System in the past week.

The holdings by the Eurosystem of marketable securities other than those held for monetary policy purposes (asset item 7.2) increased by EUR 2.5 billion to EUR 351.7 billion. Banknotes in circulation (liability item 1) increased by EUR 6.7 billion to EUR 924.5 billion. Liabilities to general government (liability item 5.1) decreased by EUR 26.1 billion to EUR 62.7 billion.

Items related to monetary policy operations

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 4.4 billion to EUR 500 billion. On Wednesday, 30 October 2013, a main refinancing operation of EUR 90.6 billion matured and a new one of EUR 89.3 billion, with a maturity of one week, was settled. On the same day, fixed-term deposits in an amount of EUR 188 billion matured and new deposits were collected in the same amount, with a maturity of one week.

During the week, a longer-term refinancing operation of EUR 2.7 billion matured and a new one of EUR 1.9 billion was settled, while longer-term refinancing operations in an amount of EUR 1.8 billion were repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (similar to the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 52.1 billion (compared with EUR 51.3 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 4.1 billion to EUR 241.6 billion. This decrease was due to the redemption of securities acquired both under the first and second covered bond purchase programmes and under the Securities Markets Programme. Therefore, in the week ending 1 November 2013 the value of accumulated purchases under the Securities Markets Programme amounted to EUR 184.1 billion, while the values of the portfolios held under the first and second covered bond purchase programmes totalled EUR 42 billion and EUR 15.5 billion respectively. All three portfolios are accounted for on a held-to-maturity basis.

Current accounts of euro area credit institutions

As a result of all transactions, the current account position of credit institutions with the Eurosystem (liability item 2.1) decreased by EUR 3.2 billion to EUR 226.9 billion.

Assets (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Gold and gold receivables 343,919 0
2 Claims on non-euro area residents denominated in foreign currency 244,795 −607
2.1 Receivables from the IMF 83,176 30
2.2 Balances with banks and security investments, external loans and other external assets 161,619 −636
3 Claims on euro area residents denominated in foreign currency 22,175 852
4 Claims on non-euro area residents denominated in euro 21,467 −280
4.1 Balances with banks, security investments and loans 21,467 −280
4.2 Claims arising from the credit facility under ERM II 0 0
5 Lending to euro area credit institutions related to monetary policy operations denominated in euro 740,153 −3,749
5.1 Main refinancing operations 89,319 −1,286
5.2 Longer-term refinancing operations 650,810 −2,486
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 24 24
5.6 Credits related to margin calls 1 0
6 Other claims on euro area credit institutions denominated in euro 80,406 3,151
7 Securities of euro area residents denominated in euro 593,354 −1,631
7.1 Securities held for monetary policy purposes 241,614 −4,131
7.2 Other securities 351,740 2,500
8 General government debt denominated in euro 28,328 0
9 Other assets 239,794 −2,088
Total assets 2,314,393 −4,351
Liabilities (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Banknotes in circulation 924,528 6,655
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 467,102 −2,560
2.1 Current accounts (covering the minimum reserve system) 226,935 −3,221
2.2 Deposit facility 52,127 792
2.3 Fixed-term deposits 188,000 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 39 −131
3 Other liabilities to euro area credit institutions denominated in euro 5,692 195
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 110,342 −8,671
5.1 General government 62,677 −26,076
5.2 Other liabilities 47,665 17,405
6 Liabilities to non-euro area residents denominated in euro 123,510 −3,151
7 Liabilities to euro area residents denominated in foreign currency 1,241 −484
8 Liabilities to non-euro area residents denominated in foreign currency 4,999 439
8.1 Deposits, balances and other liabilities 4,999 439
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 53,565 0
10 Other liabilities 228,460 3,225
11 Revaluation accounts 304,534 0
12 Capital and reserves 90,420 0
Total liabilities 2,314,393 −4,351

Media contacts