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Consolidated financial statement of the Eurosystem as at 10 April 2015

14 April 2015

Items not related to monetary policy operations

In the week ending 10 April 2015 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) decreased by EUR 0.3 billion to EUR 273.3 billion, on account of customer and portfolio transactions.

During the week, the Eurosystem did not conduct any liquidity-providing transactions in connection with the standing swap arrangement that the European Central Bank has with the Federal Reserve System.

The holdings by the Eurosystem of marketable securities other than those held for monetary policy purposes (asset item 7.2) decreased by EUR 0.5 billion to EUR 378.1 billion. Banknotes in circulation (liability item 1) decreased by EUR 3.8 billion to EUR 1,021 billion. Liabilities to general government (liability item 5.1) rose by EUR 6.6 billion to EUR 75 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) increased by EUR 2.4 billion to EUR 437.8 billion. On Wednesday, 8 April 2015, a main refinancing operation of EUR 103.6 billion matured and a new one of EUR 108.3 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (virtually unchanged compared with the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 88 billion (compared with EUR 85.9 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 12 billion to EUR 312.7 billion. The table below provides the detailed breakdown of asset item 7.1 into the different portfolios. All portfolios are accounted for at amortised cost.

Monetary policy securities portfolios Reported value as at 10 April 2015 Difference compared with 3 April 2015 – purchases Difference compared with 3 April 2015 – redemptions
Covered bond purchase programme 1 EUR 25.9 billion - -
Covered bond purchase programme 2 EUR 11.4 billion - -
Covered bond purchase programme 3 EUR 67.2 billion +EUR 2.5 billion -
Asset-backed securities purchase programme EUR 5.3 billion +EUR 0.4 billion -
Public sector purchase programme EUR 61.7 billion +EUR 9.2 billion -
Securities Markets Programme EUR 141.3 billion - -

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) increased by EUR 13.5 billion to EUR 276.8 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 383,966 0
2 Claims on non-euro area residents denominated in foreign currency 305,271 −972
2.1 Receivables from the IMF 83,390 −143
2.2 Balances with banks and security investments, external loans and other external assets 221,882 −829
3 Claims on euro area residents denominated in foreign currency 38,376 1,002
4 Claims on non-euro area residents denominated in euro 22,605 269
4.1 Balances with banks, security investments and loans 22,605 269
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 525,898 4,652
5.1 Main refinancing operations 108,257 4,670
5.2 Longer-term refinancing operations 417,558 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 83 −19
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 120,981 −3,147
7 Securities of euro area residents denominated in euro 690,841 11,503
7.1 Securities held for monetary policy purposes 312,738 12,007
7.2 Other securities 378,103 −504
8 General government debt denominated in euro 26,718 0
9 Other assets 234,306 1,529
Total assets 2,348,963 14,837
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 1,020,997 −3,757
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 364,940 15,715
2.1 Current accounts (covering the minimum reserve system) 276,829 13,494
2.2 Deposit facility 87,962 2,100
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 148 121
3 Other liabilities to euro area credit institutions denominated in euro 5,570 −21
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 132,125 5,523
5.1 General government 75,019 6,590
5.2 Other liabilities 57,106 −1,067
6 Liabilities to non-euro area residents denominated in euro 39,561 786
7 Liabilities to euro area residents denominated in foreign currency 1,927 146
8 Liabilities to non-euro area residents denominated in foreign currency 7,744 149
8.1 Deposits, balances and other liabilities 7,744 149
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 60,656 0
10 Other liabilities 216,134 −3,705
11 Revaluation accounts 403,298 0
12 Capital and reserves 96,011 0
Total liabilities 2,348,963 14,837
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