Consolidated financial statement of the Eurosystem as at 8 September 2017

12 September 2017

Items not related to monetary policy operations

In the week ending 8 September 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 259.6 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

7 September 2017

7-day US dollar liquidity-providing reverse transaction

USD 35 million

USD 85 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) increased by EUR 0.1 billion to EUR 285.8 billion. Banknotes in circulation (liability item 1) rose by EUR 0.6 billion to EUR 1,142.7 billion. Liabilities to general government (liability item 5.1) increased by EUR 3.7 billion to EUR 162.5 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) decreased by EUR 9.4 billion to EUR 137 billion. On Wednesday, 6 September 2017, a main refinancing operation (asset item 5.1) of EUR 5.9 billion matured and a new one of EUR 4.3 billion, with a maturity of seven days, was settled.

In the course of the week, longer-term refinancing operations (asset item 5.2) amounting to EUR 0.2 billion were repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 0.2 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 635.8 billion (compared with EUR 628.3 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 15.6 billion to EUR 2,185.9 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 8 September 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 7.2 billion

-

-EUR 0.2 billion

Covered bond purchase programme 2

EUR 4.9 billion

-

-

Covered bond purchase programme 3

EUR 229.0 billion

+EUR 1.2 billion

-EUR 0.3 billion

Asset-backed securities purchase programme

EUR 24.6 billion

+EUR 0.1 billion

-

Corporate sector purchase programme

EUR 109.1 billion

+EUR 1.8 billion

-EUR 0.0 billion

Public sector purchase programme

EUR 1,720.0 billion

+EUR 13.0 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) increased by EUR 0.7 billion to EUR 1,264.2 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 379,078 0
2 Claims on non-euro area residents denominated in foreign currency 301,953 3,153
  2.1 Receivables from the IMF 74,545 79
  2.2 Balances with banks and security investments, external loans and other external assets 227,408 3,074
3 Claims on euro area residents denominated in foreign currency 33,736 −502
4 Claims on non-euro area residents denominated in euro 15,122 −1,326
  4.1 Balances with banks, security investments and loans 15,122 −1,326
  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 772,833 −1,830
  5.1 Main refinancing operations 4,310 −1,604
  5.2 Longer-term refinancing operations 768,382 −172
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 142 −54
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 60,978 1,773
7 Securities of euro area residents denominated in euro 2,471,744 15,623
  7.1 Securities held for monetary policy purposes 2,185,932 15,561
  7.2 Other securities 285,812 62
8 General government debt denominated in euro 25,735 0
9 Other assets 238,596 −842
Total assets 4,299,776 16,049
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 1,142,704 575
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,900,010 8,272
  2.1 Current accounts (covering the minimum reserve system) 1,264,153 717
  2.2 Deposit facility 635,813 7,534
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 44 21
3 Other liabilities to euro area credit institutions denominated in euro 14,453 6,027
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 292,378 5,659
  5.1 General government 162,463 3,704
  5.2 Other liabilities 129,915 1,954
6 Liabilities to non-euro area residents denominated in euro 175,224 −6,865
7 Liabilities to euro area residents denominated in foreign currency 8,465 1,641
8 Liabilities to non-euro area residents denominated in foreign currency 10,950 823
  8.1 Deposits, balances and other liabilities 10,950 823
  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 224,676 −82
11 Revaluation accounts 371,913 0
12 Capital and reserves 102,297 0
Total liabilities 4,299,776 16,049

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