Consolidated financial statement of the Eurosystem as at 6 November 2015

10 November 2015

Items not related to monetary policy operations

In the week ending 6 November 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) increased by EUR 0.3 billion to EUR 262.7 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
5 November 2015  8-day US dollar liquidity-providing reverse transaction USD 143 million USD 141 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) decreased by EUR 0.3 billion to EUR 357.9 billion. Banknotes in circulation (liability item 1) increased by EUR 1.6 billion to EUR 1,055.4 billion. Liabilities to general government (liability item 5.1) decreased by EUR 47.1 billion to EUR 64.9 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 35.9 billion to EUR 337.1 billion. On Wednesday, 4 November 2015, a main refinancing operation (asset item 5.1) of EUR 68.5 billion matured and a new one of EUR 61.5 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) remained close to nil, while recourse to the deposit facility (liability item 2.2) was EUR 187 billion (compared with EUR 157.8 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 12 billion to EUR 707.7 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 6 November 2015 Difference compared with 30 October 2015 – purchases Difference compared with 30 October 2015 – redemptions
Covered bond purchase programme 1 EUR 20.8 billion - -
Covered bond purchase programme 2 EUR 10 billion - -EUR 0.1 billion
Covered bond purchase programme 3 EUR 132.5 billion +EUR 1.4 billion -
Asset-backed securities purchase programme EUR 14.8 billion +EUR 0.2 billion -
Public sector purchase programme EUR 406.6 billion +EUR 12.9 billion -
Securities Markets Programme EUR 123 billion - -EUR 2.4 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 17.5 billion to EUR 492 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 348,850 0
2 Claims on non-euro area residents denominated in foreign currency 288,368 −1,530
  2.1 Receivables from the IMF 78,556 −253
  2.2 Balances with banks and security investments, external loans and other external assets 209,812 −1,277
3 Claims on euro area residents denominated in foreign currency 42,227 3,314
4 Claims on non-euro area residents denominated in euro 20,674 495
  4.1 Balances with banks, security investments and loans 20,674 495
  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 524,210 −7,003
  5.1 Main refinancing operations 61,468 −6,983
  5.2 Longer-term refinancing operations 462,721 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 21 −20
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 134,911 −3,796
7 Securities of euro area residents denominated in euro 1,065,569 11,778
  7.1 Securities held for monetary policy purposes 707,696 12,028
  7.2 Other securities 357,873 −250
8 General government debt denominated in euro 25,152 0
9 Other assets 218,943 650
Total assets 2,668,903 3,908
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 1,055,438 1,571
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 679,130 46,423
  2.1 Current accounts (covering the minimum reserve system) 491,989 17,524
  2.2 Deposit facility 186,983 29,149
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 157 −251
3 Other liabilities to euro area credit institutions denominated in euro 5,092 81
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 154,334 −44,868
  5.1 General government 64,927 −47,050
  5.2 Other liabilities 89,407 2,182
6 Liabilities to non-euro area residents denominated in euro 41,457 −1,550
7 Liabilities to euro area residents denominated in foreign currency 2,057 −102
8 Liabilities to non-euro area residents denominated in foreign currency 6,612 1,563
  8.1 Deposits, balances and other liabilities 6,612 1,563
  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 217,647 790
11 Revaluation accounts 350,735 0
12 Capital and reserves 97,201 0
Total liabilities 2,668,903 3,908

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