Consolidated financial statement of the Eurosystem as at 18 August 2017

22 August 2017

Items not related to monetary policy operations

In the week ending 18 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) remained virtually unchanged at EUR 260.3 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

17 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 286.1 billion. Banknotes in circulation (liability item 1) fell by EUR 1.9 billion to EUR 1,144.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 36.5 billion to EUR 194.8 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 31.9 billion to EUR 176 billion. On Tuesday, 15 August 2017, a main refinancing operation (asset item 5.1) of EUR 4.6 billion matured and a new one of EUR 4.8 billion, with a maturity of eight days, 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 597.7 billion (compared with EUR 629.4 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 9.6 billion to EUR 2,149.3 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 18 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 226.6 billion

+EUR 0.4 billion

-

Asset-backed securities purchase programme

EUR 24.9 billion

+EUR 0.2 billion

-EUR 0.1 billion

Corporate sector purchase programme

EUR 105.3 billion

+EUR 0.8 billion

-

Public sector purchase programme

EUR 1,689.0 billion

+EUR 8.3 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 2.3 billion to EUR 1,238.6 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 300,097 −1,138
  2.1 Receivables from the IMF 74,454 2
  2.2 Balances with banks and security investments, external loans and other external assets 225,643 −1,140
3 Claims on euro area residents denominated in foreign currency 35,246 −6
4 Claims on non-euro area residents denominated in euro 16,507 598
  4.1 Balances with banks, security investments and loans 16,507 598
  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 773,671 186
  5.1 Main refinancing operations 4,810 219
  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 157 −32
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 62,229 811
7 Securities of euro area residents denominated in euro 2,435,430 9,434
  7.1 Securities held for monetary policy purposes 2,149,310 9,628
  7.2 Other securities 286,120 −194
8 General government debt denominated in euro 25,735 0
9 Other assets 237,705 −129
Total assets 4,265,713 9,757
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 1,144,054 −1,887
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,836,330 −34,066
  2.1 Current accounts (covering the minimum reserve system) 1,238,640 −2,302
  2.2 Deposit facility 597,654 −31,763
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 36 0
3 Other liabilities to euro area credit institutions denominated in euro 8,974 −708
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 321,576 36,048
  5.1 General government 194,818 36,539
  5.2 Other liabilities 126,758 −491
6 Liabilities to non-euro area residents denominated in euro 182,186 10,852
7 Liabilities to euro area residents denominated in foreign currency 7,485 −1,256
8 Liabilities to non-euro area residents denominated in foreign currency 10,874 117
  8.1 Deposits, balances and other liabilities 10,874 117
  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 223,317 656
11 Revaluation accounts 371,913 0
12 Capital and reserves 102,297 0
Total liabilities 4,265,713 9,757

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