Consolidated financial statement of the Eurosystem as at 11 August 2017

15 August 2017

Items not related to monetary policy operations

In the week ending 11 August 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 260.3 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

10 August 2017

7-day US dollar liquidity-providing reverse transaction

USD 35 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 0.2 billion to EUR 286.3 billion. Banknotes in circulation (liability item 1) increased by EUR 1.2 billion to EUR 1,145.9 billion. Liabilities to general government (liability item 5.1) rose by EUR 11.2 billion to EUR 158.3 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 7.7 billion to EUR 144 billion. On Wednesday, 9 August 2017, a main refinancing operation (asset item 5.1) of EUR 4.3 billion matured and a new one of EUR 4.6 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (virtually unchanged from the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 629.4 billion (compared with EUR 621.3 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 11.5 billion to EUR 2,139.7 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 11 August 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 7.5 billion

-

-

Covered bond purchase programme 2

EUR 4.9 billion

-

-

Covered bond purchase programme 3

EUR 226.1 billion

+EUR 0.6 billion

-

Asset-backed securities purchase programme

EUR 24.8 billion

+EUR 0.1 billion

-EUR 0.0 billion

Corporate sector purchase programme

EUR 104.5 billion

+EUR 1.1 billion

-

Public sector purchase programme

EUR 1,680.7 billion

+EUR 9.7 billion

-

Securities Markets Programme

EUR 91.2 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 5 billion to EUR 1,240.9 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 379,092 0
2 Claims on non-euro area residents denominated in foreign currency 301,235 1,995
  2.1 Receivables from the IMF 74,452 9
  2.2 Balances with banks and security investments, external loans and other external assets 226,783 1,986
3 Claims on euro area residents denominated in foreign currency 35,252 −1,665
4 Claims on non-euro area residents denominated in euro 15,909 −524
  4.1 Balances with banks, security investments and loans 15,909 −524
  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 773,484 339
  5.1 Main refinancing operations 4,591 324
  5.2 Longer-term refinancing operations 768,704 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 189 15
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 61,418 −2,194
7 Securities of euro area residents denominated in euro 2,425,996 11,218
  7.1 Securities held for monetary policy purposes 2,139,682 11,464
  7.2 Other securities 286,314 −245
8 General government debt denominated in euro 25,735 0
9 Other assets 237,835 301
Total assets 4,255,955 9,471
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 1,145,941 1,198
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,870,396 3,131
  2.1 Current accounts (covering the minimum reserve system) 1,240,942 −4,957
  2.2 Deposit facility 629,418 8,096
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 36 −8
3 Other liabilities to euro area credit institutions denominated in euro 9,682 −754
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 285,528 11,797
  5.1 General government 158,279 11,191
  5.2 Other liabilities 127,249 607
6 Liabilities to non-euro area residents denominated in euro 171,334 −4,426
7 Liabilities to euro area residents denominated in foreign currency 8,741 −148
8 Liabilities to non-euro area residents denominated in foreign currency 10,758 230
  8.1 Deposits, balances and other liabilities 10,758 230
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 56,705 0
10 Other liabilities 222,661 −1,557
11 Revaluation accounts 371,913 0
12 Capital and reserves 102,297 0
Total liabilities 4,255,955 9,471

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