Consolidated financial statement of the Eurosystem as at 16 June 2017

20 June 2017

Items not related to monetary policy operations

In the week ending 16 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) decreased by EUR 0.2 billion to EUR 278.6 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

15 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 2.2 billion to EUR 293.7 billion. Banknotes in circulation (liability item 1) increased by EUR 1.3 billion to EUR 1,131.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 37.1 billion to EUR 209.7 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 7.4 billion to EUR 171.3 billion. On Wednesday, 14 June 2017, a main refinancing operation (asset item 5.1) of EUR 12.1 billion matured and a new one of EUR 11 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with EUR 0.1 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 607.8 billion (compared with EUR 601.3 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 15.2 billion to EUR 2,045 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 16 June 2017

Weekly change - purchases

Weekly change - redemptions

Covered bond purchase programme 1

EUR 8.1 billion

-

-EUR 0.1 billion

Covered bond purchase programme 2

EUR 5.6 billion

-

-

Covered bond purchase programme 3

EUR 222.8 billion

+EUR 1.1 billion

-EUR 0.0 billion

Asset-backed securities purchase programme

EUR 23.8 billion

+EUR 0.1 billion

-EUR 0.0 billion

Corporate sector purchase programme

EUR 93.7 billion

+EUR 1.6 billion

-EUR 0.0 billion

Public sector purchase programme

EUR 1,592.5 billion

+EUR 13.0 billion

-EUR 0.5 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) decreased by EUR 30.9 billion to EUR 1,168.4 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 404,075 0
2 Claims on non-euro area residents denominated in foreign currency 322,923 1,428
  2.1 Receivables from the IMF 77,602 187
  2.2 Balances with banks and security investments, external loans and other external assets 245,321 1,241
3 Claims on euro area residents denominated in foreign currency 28,688 −1,182
4 Claims on non-euro area residents denominated in euro 18,309 1,598
  4.1 Balances with banks, security investments and loans 18,309 1,598
  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 779,122 −876
  5.1 Main refinancing operations 11,013 −1,093
  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 339 217
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 75,531 1,868
7 Securities of euro area residents denominated in euro 2,338,700 13,065
  7.1 Securities held for monetary policy purposes 2,044,997 15,231
  7.2 Other securities 293,702 −2,166
8 General government debt denominated in euro 26,372 0
9 Other assets 239,221 −1,088
Total assets 4,232,941 14,812
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 1,131,735 1,262
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,776,233 −24,371
  2.1 Current accounts (covering the minimum reserve system) 1,168,385 −30,862
  2.2 Deposit facility 607,801 6,494
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 47 −4
3 Other liabilities to euro area credit institutions denominated in euro 7,357 −1,706
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 351,738 41,536
  5.1 General government 209,665 37,143
  5.2 Other liabilities 142,074 4,393
6 Liabilities to non-euro area residents denominated in euro 149,026 −3,676
7 Liabilities to euro area residents denominated in foreign currency 2,972 189
8 Liabilities to non-euro area residents denominated in foreign currency 11,024 218
  8.1 Deposits, balances and other liabilities 11,024 218
  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 229,480 1,361
11 Revaluation accounts 412,030 0
12 Capital and reserves 102,298 0
Total liabilities 4,232,941 14,812

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