Consolidated financial statement of the Eurosystem as at 22 April 2016

26 April 2016

Items not related to monetary policy operations

In the week ending 22 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 0.1 billion to EUR 261.7 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
21 April 2016 7-day US dollar liquidity-providing reverse transaction USD 33 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 0.3 billion to EUR 349.3 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.2 billion to EUR 1,068.6 billion. Liabilities to general government (liability item 5.1) increased by EUR 23.7 billion to EUR 162.2 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 3.5 billion to EUR 241 billion. On Wednesday, 20 April 2016, a main refinancing operation (asset item 5.1) of EUR 55.7 billion matured and a new one of EUR 54 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (compared with EUR 0.6 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 274.9 billion (compared with EUR 281.2 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 19.2 billion to EUR 1,041.5 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 22 April 2016 Difference compared with 15 April 2016 – purchases Difference compared with 15 April 2016 – redemptions
Covered bond purchase programme 1 EUR 19.1 billion - -
Covered bond purchase programme 2 EUR 8.5 billion - -
Covered bond purchase programme 3 EUR 171.0 billion +EUR 1.7 billion -
Asset-backed securities purchase programme EUR 19.2 billion +EUR 0.2 billion -EUR 0.2 billion
Public sector purchase programme EUR 709.0 billion +EUR 19.9 billion -
Securities Markets Programme EUR 114.7 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) decreased by EUR 5.3 billion to EUR 579 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 294,763 −692
  2.1 Receivables from the IMF 77,402 −21
  2.2 Balances with banks and security investments, external loans and other external assets 217,361 −671
3 Claims on euro area residents denominated in foreign currency 31,893 227
4 Claims on non-euro area residents denominated in euro 18,202 −281
  4.1 Balances with banks, security investments and loans 18,202 −281
  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 516,764 −2,202
  5.1 Main refinancing operations 54,019 −1,689
  5.2 Longer-term refinancing operations 462,706 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 40 −513
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 109,750 −248
7 Securities of euro area residents denominated in euro 1,390,806 19,539
  7.1 Securities held for monetary policy purposes 1,041,474 19,222
  7.2 Other securities 349,333 317
8 General government debt denominated in euro 26,985 0
9 Other assets 216,714 732
Total assets 2,983,183 17,076
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 1,068,586 −231
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 854,811 −10,989
  2.1 Current accounts (covering the minimum reserve system) 579,040 −5,278
  2.2 Deposit facility 274,865 −6,370
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 905 659
3 Other liabilities to euro area credit institutions denominated in euro 4,109 2
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 255,863 24,778
  5.1 General government 162,192 23,745
  5.2 Other liabilities 93,670 1,033
6 Liabilities to non-euro area residents denominated in euro 55,019 3,108
7 Liabilities to euro area residents denominated in foreign currency 3,172 −639
8 Liabilities to non-euro area residents denominated in foreign currency 4,218 215
  8.1 Deposits, balances and other liabilities 4,218 215
  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 205,202 831
11 Revaluation accounts 375,994 0
12 Capital and reserves 98,666 0
Total liabilities 2,983,183 17,076

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