Consolidated financial statement of the Eurosystem as at 17 June 2016

21 June 2016

Items not related to monetary policy operations

In the week ending 17 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) increased by EUR 0.2 billion to EUR 263.6 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
16 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 0.5 billion to EUR 345.6 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.1 billion to EUR 1,081.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 65.9 billion to EUR 183.7 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 17.4 billion to EUR 179 billion. On Wednesday, 15 June 2016, a main refinancing operation (asset item 5.1) of EUR 50.8 billion matured and a new one of EUR 49.1 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 321.2 billion (compared with EUR 340.3 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 20.2 billion to EUR 1,191.4 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 17 June 2016

Difference compared with

10 June 2016 – purchases

Difference compared with

10 June 2016 – redemptions

Covered bond purchase programme 1 EUR 18.1 billion - -
Covered bond purchase programme 2 EUR 7.8 billion - -EUR 0.1 billion
Covered bond purchase programme 3 EUR 181.1 billion +EUR 1.2 billion -
Asset-backed securities purchase programme EUR 19.6 billion +EUR 0.3 billion -
Corporate sector purchase programme EUR 2.2 billion +EUR 1.9 billion -
Public sector purchase programme EUR 851.7 billion +EUR 16.9 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) decreased by EUR 32.6 billion to EUR 611.2 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 377,277 0
2 Claims on non-euro area residents denominated in foreign currency 297,983 −2,017
  2.1 Receivables from the IMF 76,572 −1
  2.2 Balances with banks and security investments, external loans and other external assets 221,411 −2,016
3 Claims on euro area residents denominated in foreign currency 31,081 818
4 Claims on non-euro area residents denominated in euro 17,759 −1,019
  4.1 Balances with banks, security investments and loans 17,759 −1,019
  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 500,395 −1,728
  5.1 Main refinancing operations 49,140 −1,708
  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 78 −20
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 107,722 292
7 Securities of euro area residents denominated in euro 1,537,007 19,681
  7.1 Securities held for monetary policy purposes 1,191,446 20,184
  7.2 Other securities 345,561 −503
8 General government debt denominated in euro 26,984 0
9 Other assets 213,379 −305
Total assets 3,109,588 15,723
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 1,081,683 −72
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 932,612 −51,726
  2.1 Current accounts (covering the minimum reserve system) 611,199 −32,630
  2.2 Deposit facility 321,203 −19,063
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 210 −34
3 Other liabilities to euro area credit institutions denominated in euro 3,984 95
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 287,398 66,460
  5.1 General government 183,740 65,891
  5.2 Other liabilities 103,657 569
6 Liabilities to non-euro area residents denominated in euro 59,675 1,480
7 Liabilities to euro area residents denominated in foreign currency 2,926 −420
8 Liabilities to non-euro area residents denominated in foreign currency 5,006 −972
  8.1 Deposits, balances and other liabilities 5,006 −972
  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 203,755 857
11 Revaluation accounts 375,994 0
12 Capital and reserves 99,014 21
Total liabilities 3,109,588 15,723

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