Consolidated financial statement of the Eurosystem as at 20 November 2015

24 November 2015

Items not related to monetary policy operations

In the week ending 20 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 263.6 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
19 November 2015  8-days US dollar liquidity-providing reverse transaction USD 148 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) increased by EUR 0.4 billion to EUR 358.6 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.8 billion to EUR 1,053.7 billion. Liabilities to general government (liability item 5.1) rose by EUR 34.1 billion to EUR 115.7 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) increased by EUR 15.4 billion to EUR 352.9 billion. On Wednesday 18 November 2015 a main refinancing operation (asset item 5.1) of EUR 62.5 billion matured and a new one of EUR 60.5 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 170.2 billion (compared with EUR 187.6 billion 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 736.1 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 20 November 2015 Difference compared with 13 November 2015 – purchases Difference compared with 13 November 2015 – redemptions
Covered bond purchase programme 1 EUR 20.8 billion - -
Covered bond purchase programme 2 EUR 9.9 billion - -EUR 0.1 billion
Covered bond purchase programme 3 EUR 135.7 billion +EUR 1.6 billion -
Asset-backed securities purchase programme EUR 15.0 billion +EUR 0.2 billion -
Public sector purchase programme EUR 431.7 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 14 billion to EUR 474.2 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 292,283 1,656
  2.1 Receivables from the IMF 78,608 4
  2.2 Balances with banks and security investments, external loans and other external assets 213,675 1,652
3 Claims on euro area residents denominated in foreign currency 38,417 −1,868
4 Claims on non-euro area residents denominated in euro 20,727 280
  4.1 Balances with banks, security investments and loans 20,727 280
  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 523,266 −2,020
  5.1 Main refinancing operations 60,527 −2,005
  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 18 −15
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 135,931 569
7 Securities of euro area residents denominated in euro 1,094,683 14,513
  7.1 Securities held for monetary policy purposes 736,102 14,158
  7.2 Other securities 358,581 354
8 General government debt denominated in euro 25,152 0
9 Other assets 213,133 −3,061
Total assets 2,692,443 10,069
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 1,053,739 −1,824
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 644,591 −31,359
  2.1 Current accounts (covering the minimum reserve system) 474,219 −13,965
  2.2 Deposit facility 170,211 −17,388
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 161 −6
3 Other liabilities to euro area credit institutions denominated in euro 5,128 146
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 215,046 42,603
  5.1 General government 115,724 34,105
  5.2 Other liabilities 99,322 8,498
6 Liabilities to non-euro area residents denominated in euro 42,104 755
7 Liabilities to euro area residents denominated in foreign currency 2,256 280
8 Liabilities to non-euro area residents denominated in foreign currency 5,645 −783
  8.1 Deposits, balances and other liabilities 5,645 −783
  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 216,798 252
11 Revaluation accounts 350,735 0
12 Capital and reserves 97,201 0
Total liabilities 2,692,443 10,069

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