Consolidated financial statement of the Eurosystem as at 8 April 2016

12 April 2016

Items not related to monetary policy operations

In the week ending 8 April 2016 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 0.4 billion to EUR 260.7 billion. This change was due to the customer and portfolio transactions carried out by Eurosystem central banks during the period under review.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
7 April 2016 7-day US dollar liquidity-providing reverse transaction USD 45 million USD 45 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 0.5 billion to EUR 350.2 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.3 billion to EUR 1,069.7 billion. Liabilities to general government (liability item 5.1) fell by EUR 18.6 billion to EUR 111.1 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 27.6 billion to EUR 228.8 billion. On Wednesday, 6 April 2016, a main refinancing operation (asset item 5.1) of EUR 62.3 billion matured and a new one of EUR 56 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with virtually nil in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 290 billion (compared with EUR 268.4 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 20 billion to EUR 1,006.1 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 8 April 2016 Difference compared with 1 April 2016 – purchases Difference compared with 1 April 2016 – redemptions
Covered bond purchase programme 1 EUR 19.1 billion - -
Covered bond purchase programme 2 EUR 8.6 billion - -
Covered bond purchase programme 3 EUR 166.8 billion +EUR 1.1 billion -EUR 0.1 billion
Asset-backed securities purchase programme EUR 19.2 billion +EUR 0.2 billion -
Public sector purchase programme EUR 670.8 billion +EUR 18.8 billion -
Securities Markets Programme EUR 121.6 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 17.8 billion to EUR 593.4 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 377,304 0
2 Claims on non-euro area residents denominated in foreign currency 296,072 −1,450
  2.1 Receivables from the IMF 77,425 −1
  2.2 Balances with banks and security investments, external loans and other external assets 218,646 −1,449
3 Claims on euro area residents denominated in foreign currency 30,450 1,256
4 Claims on non-euro area residents denominated in euro 19,432 −1,510
  4.1 Balances with banks, security investments and loans 19,432 −1,510
  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 519,057 −5,997
  5.1 Main refinancing operations 56,013 −6,306
  5.2 Longer-term refinancing operations 462,706 −25
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 339 334
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 111,322 90
7 Securities of euro area residents denominated in euro 1,356,346 19,480
  7.1 Securities held for monetary policy purposes 1,006,109 19,955
  7.2 Other securities 350,237 −475
8 General government debt denominated in euro 26,985 0
9 Other assets 216,168 −494
Total assets 2,953,136 11,375
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 1,069,694 −1,311
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 883,631 39,409
  2.1 Current accounts (covering the minimum reserve system) 593,411 17,839
  2.2 Deposit facility 289,966 21,569
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 254 1
3 Other liabilities to euro area credit institutions denominated in euro 4,168 −54
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 201,663 −18,839
  5.1 General government 111,061 −18,590
  5.2 Other liabilities 90,603 −249
6 Liabilities to non-euro area residents denominated in euro 47,555 −5,629
7 Liabilities to euro area residents denominated in foreign currency 4,264 −210
8 Liabilities to non-euro area residents denominated in foreign currency 4,048 457
  8.1 Deposits, balances and other liabilities 4,048 457
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 57,542 0
10 Other liabilities 205,912 −2,450
11 Revaluation accounts 375,994 0
12 Capital and reserves 98,666 0
Total liabilities 2,953,136 11,375

Media contacts