Consolidated financial statement of the Eurosystem as at 10 June 2016

14 June 2016

Items not related to monetary policy operations

In the week ending 10 June 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 0.2 billion to EUR 263.4 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
9 June 2016 7-day US dollar liquidity-providing reverse transaction - USD 5 million

The above liquidity-providing transaction was 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 0.9 billion to EUR 346.1 billion. Banknotes in circulation (liability item 1) increased by EUR 0.5 billion to EUR 1,081.8 billion. Liabilities to general government (liability item 5.1) decreased by EUR 4.8 billion to EUR 117.8 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 6.1 billion to EUR 161.6 billion. On Wednesday, 8 June 2016, a main refinancing operation (asset item 5.1) of EUR 51.9 billion matured and a new one of EUR 50.8 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (virtually unchanged from the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 340.3 billion (compared with EUR 347.5 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 18.9 billion to EUR 1,171.3 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 10 June 2016

Difference compared with

3 June 2016 – purchases

Difference compared with

3 June 2016 – redemptions

Covered bond purchase programme 1 EUR 18.1 billion - -EUR 0.4 billion
Covered bond purchase programme 2 EUR 7.9 billion - -EUR 0.4 billion
Covered bond purchase programme 3 EUR 179.9 billion +EUR 2.2 billion -EUR 0.7 billion
Asset-backed securities purchase programme EUR 19.3 billion +EUR 0.1 billion -
Corporate sector purchase programme EUR 0.3 billion +EUR 0.3 billion -
Public sector purchase programme EUR 834.8 billion +EUR 17.7 billion -
Securities Markets Programme EUR 111.0 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) increased by EUR 23.1 billion to EUR 643.8 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 377,277 0
2 Claims on non-euro area residents denominated in foreign currency 300,000 −557
  2.1 Receivables from the IMF 76,573 −270
  2.2 Balances with banks and security investments, external loans and other external assets 223,427 −287
3 Claims on euro area residents denominated in foreign currency 30,263 151
4 Claims on non-euro area residents denominated in euro 18,778 139
  4.1 Balances with banks, security investments and loans 18,778 139
  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 502,124 −1,094
  5.1 Main refinancing operations 50,848 −1,057
  5.2 Longer-term refinancing operations 451,177 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 98 −37
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 107,430 −838
7 Securities of euro area residents denominated in euro 1,517,326 17,971
  7.1 Securities held for monetary policy purposes 1,171,262 18,895
  7.2 Other securities 346,064 −924
8 General government debt denominated in euro 26,984 4
9 Other assets 213,684 −523
Total assets 3,093,866 15,253
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 1,081,755 458
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 984,339 15,829
  2.1 Current accounts (covering the minimum reserve system) 643,829 23,069
  2.2 Deposit facility 340,266 −7,208
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 244 −32
3 Other liabilities to euro area credit institutions denominated in euro 3,890 −21
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 220,938 −2,337
  5.1 General government 117,850 −4,770
  5.2 Other liabilities 103,088 2,432
6 Liabilities to non-euro area residents denominated in euro 58,195 2,121
7 Liabilities to euro area residents denominated in foreign currency 3,345 103
8 Liabilities to non-euro area residents denominated in foreign currency 5,977 −326
  8.1 Deposits, balances and other liabilities 5,977 −326
  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 202,898 −574
11 Revaluation accounts 375,994 0
12 Capital and reserves 98,993 0
Total liabilities 3,093,866 15,253

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