Consolidated financial statement of the Eurosystem as at 13 November 2015

17 November 2015

Items not related to monetary policy operations

In the week ending 13 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 0.6 billion to EUR 263.3 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
13 November 2015  6-day US dollar liquidity-providing reverse transaction USD 141 million USD 148 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 0.4 billion to EUR 358.2 billion. Banknotes in circulation (liability item 1) increased by EUR 0.1 billion to EUR 1,055.6 billion. Liabilities to general government (liability item 5.1) rose by EUR 16.7 billion to EUR 81.6 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) increased by EUR 0.5 billion to EUR 337.5 billion. On Wednesday, 11 November 2015, a main refinancing operation (asset item 5.1) of EUR 61.5 billion matured and a new one of EUR 62.5 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 187.6 billion (compared with EUR 187 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 721.9 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 13 November 2015 Difference compared with 6 November 2015 – purchases Difference compared with 6 November 2015 – redemptions
Covered bond purchase programme 1 EUR 20.8 billion - -
Covered bond purchase programme 2 EUR 10.0 billion - -
Covered bond purchase programme 3 EUR 134.1 billion +EUR 1.6 billion -
Asset-backed securities purchase programme EUR 14.8 billion +EUR 0.1 billion -
Public sector purchase programme EUR 419.1 billion +EUR 12.6 billion -
Securities Markets Programme EUR 123.0 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 3.8 billion to EUR 488.2 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 290,627 2,259
  2.1 Receivables from the IMF 78,604 48
  2.2 Balances with banks and security investments, external loans and other external assets 212,023 2,211
3 Claims on euro area residents denominated in foreign currency 40,285 −1,942
4 Claims on non-euro area residents denominated in euro 20,447 −226
  4.1 Balances with banks, security investments and loans 20,447 −226
  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 525,286 1,076
  5.1 Main refinancing operations 62,532 1,064
  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 33 12
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 135,362 451
7 Securities of euro area residents denominated in euro 1,080,171 14,602
  7.1 Securities held for monetary policy purposes 721,944 14,249
  7.2 Other securities 358,227 354
8 General government debt denominated in euro 25,152 0
9 Other assets 216,193 −2,750
Total assets 2,682,374 13,471
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 1,055,563 125
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 675,951 −3,179
  2.1 Current accounts (covering the minimum reserve system) 488,184 −3,805
  2.2 Deposit facility 187,599 616
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 167 10
3 Other liabilities to euro area credit institutions denominated in euro 4,982 −110
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 172,442 18,109
  5.1 General government 81,619 16,692
  5.2 Other liabilities 90,823 1,417
6 Liabilities to non-euro area residents denominated in euro 41,349 −109
7 Liabilities to euro area residents denominated in foreign currency 1,976 −81
8 Liabilities to non-euro area residents denominated in foreign currency 6,427 −184
  8.1 Deposits, balances and other liabilities 6,427 −184
  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 216,546 −1,100
11 Revaluation accounts 350,735 0
12 Capital and reserves 97,201 0
Total liabilities 2,682,374 13,471

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