Consolidated financial statement of the Eurosystem as at 26 August 2016

30 August 2016

Items not related to monetary policy operations

In the week ending 26 August 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 1.1 billion to EUR 272.5 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
25 August 2016 7-day US dollar liquidity-providing reverse transaction USD 10 million USD 1,340 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 0.1 billion to EUR 337.2 billion. Banknotes in circulation (liability item 1) fell by EUR 3.7 billion to EUR 1,093.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 28.9 billion to EUR 171.6 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 13.4 billion to EUR 180.3 billion. On Wednesday, 24 August 2016, a main refinancing operation (asset item 5.1) of EUR 41.7 billion matured and a new one of EUR 42.8 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was virtually nil (approximately the same as in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 346.4 billion (compared with EUR 358.7 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 12.6 billion to EUR 1,351.8 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 26 August 2016 Difference compared with 19 August 2016 – purchases Difference compared with 19 August 2016 – redemptions
Covered bond purchase programme 1 EUR 16.4 billion - -
Covered bond purchase programme 2 EUR 7.4 billion - -
Covered bond purchase programme 3 EUR 189.2 billion +EUR 0.8 billion -
Asset-backed securities purchase programme EUR 20.2 billion +EUR 0.1 billion -EUR 0.2 billion
Corporate sector purchase programme EUR 19.3 billion +EUR 1.5 billion -
Public sector purchase programme EUR 990.8 billion +EUR 10.3 billion -
Securities Markets Programme EUR 108.4 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 0.9 billion to EUR 740 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 413,141 0
2 Claims on non-euro area residents denominated in foreign currency 310,056 1,185
  2.1 Receivables from the IMF 77,244 −1
  2.2 Balances with banks and security investments, external loans and other external assets 232,812 1,185
3 Claims on euro area residents denominated in foreign currency 32,619 469
4 Claims on non-euro area residents denominated in euro 17,224 35
  4.1 Balances with banks, security investments and loans 17,224 35
  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 526,795 1,135
  5.1 Main refinancing operations 42,778 1,126
  5.2 Longer-term refinancing operations 483,982 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 36 9
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 95,652 1,818
7 Securities of euro area residents denominated in euro 1,688,979 12,508
  7.1 Securities held for monetary policy purposes 1,351,823 12,567
  7.2 Other securities 337,157 −58
8 General government debt denominated in euro 26,477 0
9 Other assets 219,543 13
Total assets 3,330,487 17,164
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 1,093,085 −3,714
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,086,462 −13,143
  2.1 Current accounts (covering the minimum reserve system) 739,999 −893
  2.2 Deposit facility 346,426 −12,275
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 36 25
3 Other liabilities to euro area credit institutions denominated in euro 4,151 278
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 270,176 29,280
  5.1 General government 171,578 28,854
  5.2 Other liabilities 98,598 426
6 Liabilities to non-euro area residents denominated in euro 81,236 3,829
7 Liabilities to euro area residents denominated in foreign currency 3,072 20
8 Liabilities to non-euro area residents denominated in foreign currency 8,622 549
  8.1 Deposits, balances and other liabilities 8,622 549
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 58,486 0
10 Other liabilities 203,439 64
11 Revaluation accounts 420,923 0
12 Capital and reserves 100,835 0
Total liabilities 3,330,487 17,164

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