Consolidated financial statement of the Eurosystem as at 2 June 2017

6 June 2017

Items not related to monetary policy operations

In the week ending 2 June 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 0.4 billion to EUR 278.8 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

1 June 2017

7-day US dollar liquidity-providing reverse transaction

USD 35 million

USD 40 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 0.9 billion to EUR 295.8 billion. Banknotes in circulation (liability item 1) increased by EUR 7.2 billion to EUR 1,131.3 billion. Liabilities to general government (liability item 5.1) decreased by EUR 51.6 billion to EUR 157.7 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) decreased by EUR 16.4 billion to EUR 178.1 billion. On Wednesday, 31 May 2017, a main refinancing operation (asset item 5.1) of EUR 15.9 billion matured and a new one of EUR 12.1 billion, with a maturity of one week, was settled. On Thursday, 1 June 2017, a longer-term refinancing operation (asset item 5.2) of EUR 2.6 billion matured and a new one of EUR 3 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with EUR 0.2 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 602 billion (compared with EUR 588.9 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 12.7 billion to EUR 2,015.2 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 2 June 2017

Weekly change - purchases

Weekly change - redemptions

Covered bond purchase programme 1

EUR 8.2 billion

-

-EUR 0.1 billion

Covered bond purchase programme 2

EUR 5.6 billion

-

-EUR 0.1 billion

Covered bond purchase programme 3

EUR 220.5 billion

+EUR 1.3 billion

-EUR 0.2 billion

Asset-backed securities purchase programme

EUR 23.7 billion

+EUR 0.0 billion

-EUR 0.0 billion

Corporate sector purchase programme

EUR 90.7 billion

+EUR 1.5 billion

-EUR 0.0 billion

Public sector purchase programme

EUR 1,568.0 billion

+EUR 11.0 billion

-EUR 0.6 billion

Securities Markets Programme

EUR 98.4 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 34.7 billion to EUR 1,194.2 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 404,103 0
2 Claims on non-euro area residents denominated in foreign currency 321,193 36
  2.1 Receivables from the IMF 77,439 1
  2.2 Balances with banks and security investments, external loans and other external assets 243,754 35
3 Claims on euro area residents denominated in foreign currency 30,239 −72
4 Claims on non-euro area residents denominated in euro 16,310 404
  4.1 Balances with banks, security investments and loans 16,310 404
  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 780,105 −3,353
  5.1 Main refinancing operations 12,073 −3,843
  5.2 Longer-term refinancing operations 767,770 466
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 262 24
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 74,515 −1,370
7 Securities of euro area residents denominated in euro 2,310,998 11,850
  7.1 Securities held for monetary policy purposes 2,015,162 12,719
  7.2 Other securities 295,835 −869
8 General government debt denominated in euro 26,372 0
9 Other assets 240,709 1,363
Total assets 4,204,543 8,858
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 1,131,306 7,178
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,796,215 47,788
  2.1 Current accounts (covering the minimum reserve system) 1,194,207 34,718
  2.2 Deposit facility 601,972 13,086
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 36 −16
3 Other liabilities to euro area credit institutions denominated in euro 11,266 993
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 299,858 −53,287
  5.1 General government 157,659 −51,627
  5.2 Other liabilities 142,199 −1,660
6 Liabilities to non-euro area residents denominated in euro 150,683 5,188
7 Liabilities to euro area residents denominated in foreign currency 2,841 −19
8 Liabilities to non-euro area residents denominated in foreign currency 10,731 −369
  8.1 Deposits, balances and other liabilities 10,731 −369
  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 228,268 1,384
11 Revaluation accounts 412,030 0
12 Capital and reserves 102,298 0
Total liabilities 4,204,543 8,858

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