Consolidated financial statement of the Eurosystem as at 14 April 2017

19 April 2017

Items not related to monetary policy operations

In the week ending 14 April 2017 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 280.3 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

13 April 2017

7-day US dollar liquidity-providing reverse transaction

USD 45 million

USD 35 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 304.5 billion. Banknotes in circulation (liability item 1) increased by EUR 8.3 billion to EUR 1,127.5 billion. Liabilities to general government (liability item 5.1) rose by EUR 10.8 billion to EUR 164.7 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 25.1 billion to EUR 219.3 billion. On Wednesday, 12 April 2017, a main refinancing operation (asset item 5.1) of EUR 13.2 billion matured and a new one of virtually the same amount, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.7 billion (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 563.8 billion (compared with EUR 588.2 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 15 billion to EUR 1,921.4 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 14 April 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 9.5 billion

-

-

Covered bond purchase programme 2

EUR 6.0 billion

-

-

Covered bond purchase programme 3

EUR 215.5 billion

+EUR 0.8 billion

-

Asset-backed securities purchase programme

EUR 24.4 billion

+EUR 0.1 billion

-EUR 0.0 billion

Corporate sector purchase programme

EUR 79.6 billion

+EUR 1.7 billion

-EUR 0.0 billion

Public sector purchase programme

EUR 1,486.8 billion

+EUR 12.5 billion

-

Securities Markets Programme

EUR 99.6 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 11.6 billion to EUR 1,144.5 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 404,189 0
2 Claims on non-euro area residents denominated in foreign currency 321,847 −1,217
  2.1 Receivables from the IMF 77,663 0
  2.2 Balances with banks and security investments, external loans and other external assets 244,185 −1,217
3 Claims on euro area residents denominated in foreign currency 31,575 −2
4 Claims on non-euro area residents denominated in euro 19,804 1,235
  4.1 Balances with banks, security investments and loans 19,804 1,235
  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 783,134 647
  5.1 Main refinancing operations 13,228 57
  5.2 Longer-term refinancing operations 769,185 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 721 590
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 80,711 −675
7 Securities of euro area residents denominated in euro 2,225,886 14,556
  7.1 Securities held for monetary policy purposes 1,921,362 15,034
  7.2 Other securities 304,525 −478
8 General government debt denominated in euro 26,372 0
9 Other assets 236,478 −901
Total assets 4,129,996 13,643
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 1,127,501 8,272
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,708,322 −12,802
  2.1 Current accounts (covering the minimum reserve system) 1,144,512 11,622
  2.2 Deposit facility 563,790 −24,436
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 21 12
3 Other liabilities to euro area credit institutions denominated in euro 13,184 −534
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 298,107 18,874
  5.1 General government 164,748 10,836
  5.2 Other liabilities 133,359 8,038
6 Liabilities to non-euro area residents denominated in euro 170,549 2,070
7 Liabilities to euro area residents denominated in foreign currency 2,924 −975
8 Liabilities to non-euro area residents denominated in foreign currency 11,171 −415
  8.1 Deposits, balances and other liabilities 11,171 −415
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 59,048 0
10 Other liabilities 225,785 −846
11 Revaluation accounts 412,030 0
12 Capital and reserves 101,374 0
Total liabilities 4,129,996 13,643

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