Consolidated financial statement of the Eurosystem as at 3 November 2017: commentary

7 November 2017

In the week ending 3 November 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 0.3 billion to EUR 253.8 billion.

As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) decreased by EUR 34.8 billion to EUR 96.3 billion.

Base money (liability items 1, 2.1 and 2.2) increased by EUR 34.3 billion to EUR 3,130 billion.

The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All portfolios are accounted for at amortised cost.

Monetary policy securities portfolios

Reported value as at 3 November 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 6.1 billion

-

-

Covered bond purchase programme 2

EUR 4.8 billion

-

-EUR 0.0 billion

Covered bond purchase programme 3

EUR 236.5 billion

+EUR 0.9 billion

-EUR 0.2 billion

Asset-backed securities purchase programme

EUR 24.7 billion

+EUR 0.1 billion

-EUR 0.5 billion

Corporate sector purchase programme

EUR 122.3 billion

+EUR 1.0 billion

-

Public sector purchase programme

EUR 1,804.5 billion

+EUR 10.1 billion

-EUR 2.1 billion

Securities Markets Programme

EUR 88.9 billion

-

-

The content and format of the weekly financial statement are set out in Annexes IV to VI of Guideline (EU) 2016/2249 of the European Central Bank of 3 November 2016 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2016/34).

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