Consolidated financial statement of the Eurosystem as at 21 April 2017

25 April 2017

Items not related to monetary policy operations

In the week ending 21 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 0.1 billion to EUR 280.4 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

20 April 2017

7-day US dollar liquidity-providing reverse transaction

USD 35 million

USD 80 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 1.3 billion to EUR 303.2 billion. Banknotes in circulation (liability item 1) fell by EUR 5.9 billion to EUR 1,121.6 billion. Liabilities to general government (liability item 5.1) increased by EUR 44.8 billion to EUR 209.5 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 5.8 billion to EUR 225.2 billion. On Wednesday, 19 April 2017, a main refinancing operation (asset item 5.1) of EUR 13.2 billion matured and a new one of EUR 14.8 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 EUR 0.7 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 559 billion (compared with EUR 563.8 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 11.7 billion to EUR 1,933 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 21 April 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 9.3 billion

-

-EUR 0.2 billion

Covered bond purchase programme 2

EUR 5.9 billion

-

-EUR 0.0 billion

Covered bond purchase programme 3

EUR 216.1 billion

+EUR 0.9 billion

-EUR 0.3 billion

Asset-backed securities purchase programme

EUR 24.3 billion

+EUR 0.1 billion

-EUR 0.2 billion

Corporate sector purchase programme

EUR 81.0 billion

+EUR 1.5 billion

-

Public sector purchase programme

EUR 1,497.9 billion

+EUR 12.0 billion

-EUR 1.0 billion

Securities Markets Programme

EUR 98.4 billion

-

-EUR 1.2 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 21.5 billion to EUR 1,123 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 404,188 0
2 Claims on non-euro area residents denominated in foreign currency 321,595 −252
  2.1 Receivables from the IMF 77,650 −13
  2.2 Balances with banks and security investments, external loans and other external assets 243,945 −240
3 Claims on euro area residents denominated in foreign currency 31,382 −193
4 Claims on non-euro area residents denominated in euro 18,974 −830
  4.1 Balances with banks, security investments and loans 18,974 −830
  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 784,153 1,019
  5.1 Main refinancing operations 14,750 1,522
  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 218 −503
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 82,027 1,315
7 Securities of euro area residents denominated in euro 2,236,213 10,327
  7.1 Securities held for monetary policy purposes 1,933,023 11,661
  7.2 Other securities 303,190 −1,335
8 General government debt denominated in euro 26,372 0
9 Other assets 234,494 −1,984
Total assets 4,139,398 9,402
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 1,121,618 −5,882
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,681,994 −26,328
  2.1 Current accounts (covering the minimum reserve system) 1,123,014 −21,498
  2.2 Deposit facility 558,962 −4,828
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 18 −2
3 Other liabilities to euro area credit institutions denominated in euro 10,722 −2,462
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 344,246 46,139
  5.1 General government 209,519 44,771
  5.2 Other liabilities 134,727 1,368
6 Liabilities to non-euro area residents denominated in euro 169,136 −1,413
7 Liabilities to euro area residents denominated in foreign currency 3,012 88
8 Liabilities to non-euro area residents denominated in foreign currency 10,494 −678
  8.1 Deposits, balances and other liabilities 10,494 −678
  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 225,723 −62
11 Revaluation accounts 412,030 0
12 Capital and reserves 101,374 0
Total liabilities 4,139,398 9,402

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