Consolidated financial statement of the Eurosystem as at 9 September 2016

13 September 2016

Items not related to monetary policy operations

In the week ending 9 September 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 0.8 billion to EUR 272.3 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
8 September 2016 7-day US dollar liquidity-providing reverse transaction USD 350 million USD 5 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 336.2 billion. Banknotes in circulation (liability item 1) remained virtually unchanged at EUR 1,095.6 billion. Liabilities to general government (liability item 5.1) increased by EUR 10.4 billion to EUR 128.6 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) decreased by EUR 9 billion to EUR 138.6 billion. On Wednesday, 7 September 2016, a main refinancing operation (asset item 5.1) of EUR 43.8 billion matured and a new one of EUR 41.8 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 385.9 billion (compared with EUR 378.9 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 19.6 billion to EUR 1,385.2 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 9 September 2016

Difference compared with

2 September 2016 – purchases

Difference compared with

2 September 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 191.5 billion +EUR 0.9 billion -EUR 0.1 billion
Asset-backed securities purchase programme EUR 20.2 billion +EUR 0.0 billion -
Corporate sector purchase programme EUR 22.9 billion +EUR 2.4 billion -
Public sector purchase programme EUR 1,018.3 billion +EUR 16.4 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) increased by EUR 13.5 billion to EUR 777.5 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 413,142 0
2 Claims on non-euro area residents denominated in foreign currency 311,601 337
  2.1 Receivables from the IMF 77,305 −3
  2.2 Balances with banks and security investments, external loans and other external assets 234,297 340
3 Claims on euro area residents denominated in foreign currency 30,419 −108
4 Claims on non-euro area residents denominated in euro 17,203 −145
  4.1 Balances with banks, security investments and loans 17,203 −145
  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 524,503 −2,024
  5.1 Main refinancing operations 41,777 −2,004
  5.2 Longer-term refinancing operations 482,726 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 0 −20
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 94,775 −1,510
7 Securities of euro area residents denominated in euro 1,721,375 19,150
  7.1 Securities held for monetary policy purposes 1,385,178 19,600
  7.2 Other securities 336,197 −450
8 General government debt denominated in euro 26,477 0
9 Other assets 219,246 1,268
Total assets 3,358,742 16,967
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 1,095,550 49
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,163,435 20,473
  2.1 Current accounts (covering the minimum reserve system) 777,539 13,505
  2.2 Deposit facility 385,866 6,988
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 30 −20
3 Other liabilities to euro area credit institutions denominated in euro 3,909 −239
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 227,781 10,788
  5.1 General government 128,573 10,420
  5.2 Other liabilities 99,208 368
6 Liabilities to non-euro area residents denominated in euro 72,617 −12,954
7 Liabilities to euro area residents denominated in foreign currency 3,056 −181
8 Liabilities to non-euro area residents denominated in foreign currency 8,200 −390
  8.1 Deposits, balances and other liabilities 8,200 −390
  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 203,950 −580
11 Revaluation accounts 420,923 0
12 Capital and reserves 100,835 0
Total liabilities 3,358,742 16,967

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