Consolidated financial statement of the Eurosystem as at 25 November 2016

29 November 2016

Items not related to monetary policy operations

In the week ending 25 November 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 0.4 billion to EUR 274.9 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
25 November 2016 6-day US dollar liquidity-providing reverse transaction USD 0.2 billion USD 1.3 billion

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 0.5 billion to EUR 323.8 billion. Banknotes in circulation (liability item 1) rose by EUR 0.5 billion to EUR 1,099.8 billion. Liabilities to general government (liability item 5.1) increased by EUR 20.6 billion to EUR 184.7 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 31.4 billion to EUR 117.3 billion. On Wednesday, 23 November 2016, a main refinancing operation (asset item 5.1) of EUR 32.6 billion matured and a new one of EUR 33.7 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with virtually nil in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 428.8 billion (compared with EUR 459 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 17.8 billion to EUR 1,590.1 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 25 November 2016

Difference compared with

18 November 2016 – purchases

Difference compared with

18 November 2016 – redemptions

Covered bond purchase programme 1 EUR 13.2 billion - -EUR 0.5 billion
Covered bond purchase programme 2 EUR 7.0 billion - -
Covered bond purchase programme 3 EUR 202.2 billion +EUR 2.2 billion -EUR 0.4 billion
Asset-backed securities purchase programme EUR 22.3 billion +EUR 0.5 billion -EUR 0.2 billion
Corporate sector purchase programme EUR 46.2 billion +EUR 1.9 billion -
Public sector purchase programme EUR 1,197.2 billion +EUR 14.3 billion -
Securities Markets Programme EUR 102.0 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 17.9 billion to EUR 820.4 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 412,634 0
2 Claims on non-euro area residents denominated in foreign currency 314,068 −513
  2.1 Receivables from the IMF 77,424 −788
  2.2 Balances with banks and security investments, external loans and other external assets 236,643 276
3 Claims on euro area residents denominated in foreign currency 32,322 −146
4 Claims on non-euro area residents denominated in euro 18,245 −69
  4.1 Balances with banks, security investments and loans 18,245 −69
  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 546,105 1,215
  5.1 Main refinancing operations 33,719 1,081
  5.2 Longer-term refinancing operations 512,214 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 172 135
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 83,802 −3,721
7 Securities of euro area residents denominated in euro 1,913,899 18,356
  7.1 Securities held for monetary policy purposes 1,590,085 17,814
  7.2 Other securities 323,814 541
8 General government debt denominated in euro 26,439 0
9 Other assets 218,716 −2,246
Total assets 3,566,230 12,877
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 1,099,813 543
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,249,195 −12,284
  2.1 Current accounts (covering the minimum reserve system) 820,421 17,944
  2.2 Deposit facility 428,768 −30,191
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 7 −37
3 Other liabilities to euro area credit institutions denominated in euro 3,549 −271
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 290,183 19,576
  5.1 General government 184,692 20,642
  5.2 Other liabilities 105,490 −1,066
6 Liabilities to non-euro area residents denominated in euro 117,443 7,526
7 Liabilities to euro area residents denominated in foreign currency 2,818 −1,606
8 Liabilities to non-euro area residents denominated in foreign currency 10,505 530
  8.1 Deposits, balances and other liabilities 10,505 530
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 58,132 0
10 Other liabilities 215,211 −1,139
11 Revaluation accounts 418,545 0
12 Capital and reserves 100,836 0
Total liabilities 3,566,230 12,877

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