Consolidated financial statement of the Eurosystem as at 9 June 2017

13 June 2017

Items not related to monetary policy operations

In the week ending 9 June 2017 gold and gold receivables (asset item 1) decreased by EUR 28 million owing to the sale of gold by one Eurosystem national central bank for the purpose of producing a commemorative coin.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.1 billion to EUR 278.7 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

8 June 2017

7-day US dollar liquidity-providing reverse transaction

USD 40 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) remained virtually unchanged at EUR 295.9 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.8 billion to EUR 1,130.5 billion. Liabilities to general government (liability item 5.1) increased by EUR 14.9 billion to EUR 172.5 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 0.5 billion to EUR 178.6 billion. On Wednesday, 7 June 2017, a main refinancing operation (asset item 5.1) of EUR 12.1 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 0.1 billion (compared with EUR 0.3 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 601.3 billion (compared with EUR 602 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 14.6 billion to EUR 2,029.8 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 June 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 8.2 billion

-

-

Covered bond purchase programme 2

EUR 5.6 billion

-

-

Covered bond purchase programme 3

EUR 221.7 billion

+EUR 1.2 billion

-

Asset-backed securities purchase programme

EUR 23.7 billion

+EUR 0.0 billion

-

Corporate sector purchase programme

EUR 92.1 billion

+EUR 1.4 billion

-

Public sector purchase programme

EUR 1,580.0 billion

+EUR 12.3 billion

-EUR 0.3 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 5 billion to EUR 1,199.2 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 404,075 −28
2 Claims on non-euro area residents denominated in foreign currency 321,496 303
  2.1 Receivables from the IMF 77,416 −23
  2.2 Balances with banks and security investments, external loans and other external assets 244,080 326
3 Claims on euro area residents denominated in foreign currency 29,870 −369
4 Claims on non-euro area residents denominated in euro 16,711 401
  4.1 Balances with banks, security investments and loans 16,711 401
  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 779,998 −106
  5.1 Main refinancing operations 12,107 34
  5.2 Longer-term refinancing operations 767,770 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 122 −140
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 73,663 −852
7 Securities of euro area residents denominated in euro 2,325,634 14,637
  7.1 Securities held for monetary policy purposes 2,029,766 14,603
  7.2 Other securities 295,869 33
8 General government debt denominated in euro 26,372 0
9 Other assets 240,310 −400
Total assets 4,218,129 13,586
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 1,130,473 −833
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,800,604 4,390
  2.1 Current accounts (covering the minimum reserve system) 1,199,247 5,040
  2.2 Deposit facility 601,306 −665
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 51 15
3 Other liabilities to euro area credit institutions denominated in euro 9,063 −2,202
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 310,202 10,344
  5.1 General government 172,521 14,863
  5.2 Other liabilities 137,681 −4,518
6 Liabilities to non-euro area residents denominated in euro 152,702 2,019
7 Liabilities to euro area residents denominated in foreign currency 2,782 −58
8 Liabilities to non-euro area residents denominated in foreign currency 10,806 75
  8.1 Deposits, balances and other liabilities 10,806 75
  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 228,119 −149
11 Revaluation accounts 412,030 0
12 Capital and reserves 102,298 0
Total liabilities 4,218,129 13,586

Media contacts