Consolidated financial statement of the Eurosystem as at 9 October 2015

13 October 2015

Items not related to monetary policy operations

In the week ending 9 October 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 0.8 billion to EUR 262.6 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
8 October 2015  7-day US dollar liquidity-providing reverse transaction USD 143 million USD 145 million

The above liquidity-providing transactions were conducted by the Eurosystem 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) increased by EUR 0.1 billion to EUR 359.2 billion. Banknotes in circulation (liability item 1) increased by EUR 0.4 billion to EUR 1,054.6 billion. Liabilities to general government (liability item 5.1) decreased by EUR 5.1 billion to EUR 83.6 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 26.1 billion to EUR 365 billion. On Wednesday, 7 October 2015, a main refinancing operation (asset item 5.1) of EUR 72.6 billion matured and a new one of EUR 70.6 billion, with a maturity of seven days, was settled. Recourse to the marginal lending facility (asset item 5.5) decreased by EUR 0.6 billion and was close to nil, while recourse to the deposit facility (liability item 2.2) was EUR 171.8 billion (compared with EUR 148.3 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 14.2 billion to EUR 656.7 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 9 October 2015 Difference compared with 2 October 2015 – purchases Difference compared with 2 October 2015 – redemptions
Covered bond purchase programme 1 EUR 21.7 billion - -EUR 0.3 billion
Covered bond purchase programme 2 EUR 10.3 billion - -EUR 0.1 billion
Covered bond purchase programme 3 EUR 124.6 billion +EUR 1.8 billion -
Asset-backed securities purchase programme EUR 13.4 billion +EUR 0.2 billion -
Public sector purchase programme EUR 358.8 billion +EUR 12.5 billion -
Securities Markets Programme EUR 127.9 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) decreased by EUR 1 billion to EUR 472.3 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 348,849 0
2 Claims on non-euro area residents denominated in foreign currency 288,383 486
  2.1 Receivables from the IMF 78,840 −77
  2.2 Balances with banks and security investments, external loans and other external assets 209,543 563
3 Claims on euro area residents denominated in foreign currency 39,477 −1,516
4 Claims on non-euro area residents denominated in euro 19,925 −1,616
  4.1 Balances with banks, security investments and loans 19,925 −1,616
  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 536,914 −2,625
  5.1 Main refinancing operations 70,556 −1,995
  5.2 Longer-term refinancing operations 466,348 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 10 −630
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 135,496 −1,650
7 Securities of euro area residents denominated in euro 1,015,943 14,283
  7.1 Securities held for monetary policy purposes 656,749 14,210
  7.2 Other securities 359,195 72
8 General government debt denominated in euro 25,152 0
9 Other assets 222,161 −1,897
Total assets 2,632,300 5,465
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 1,054,634 414
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 644,257 22,494
  2.1 Current accounts (covering the minimum reserve system) 472,295 −987
  2.2 Deposit facility 171,805 23,479
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 158 3
3 Other liabilities to euro area credit institutions denominated in euro 4,873 −173
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 163,228 −4,387
  5.1 General government 83,631 −5,070
  5.2 Other liabilities 79,597 682
6 Liabilities to non-euro area residents denominated in euro 39,639 −7,699
7 Liabilities to euro area residents denominated in foreign currency 2,038 15
8 Liabilities to non-euro area residents denominated in foreign currency 4,015 −282
  8.1 Deposits, balances and other liabilities 4,015 −282
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 59,202 0
10 Other liabilities 212,479 −4,918
11 Revaluation accounts 350,735 0
12 Capital and reserves 97,202 1
Total liabilities 2,632,300 5,465

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