Consolidated financial statement of the Eurosystem as at 10 February 2017

14 February 2017

Items not related to monetary policy operations

In the week ending 10 February 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 0.4 billion to EUR 279.9 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
9 February 2017 7-day US dollar liquidity-providing reverse transaction USD 0.3 billion USD 0.2 billion

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 0.1 billion to EUR 315.2 billion. Banknotes in circulation (liability item 1) fell by EUR 0.4 billion to EUR 1,110.9 billion. Liabilities to general government (liability item 5.1) increased by EUR 13.7 billion to EUR 144.2 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 23.2 billion to EUR 88.9 billion. On Wednesday, 8 February 2017, a main refinancing operation (asset item 5.1) of EUR 31.6 billion matured and a new one of EUR 29.6 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.6 billion (compared with EUR 0.2 billion in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 495.8 billion (compared with EUR 474.2 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 20.1 billion to EUR 1,768.7 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 10 February 2017 Weekly change – purchases Weekly change – redemptions
Covered bond purchase programme 1 EUR 11.0 billion - -EUR 0.1 billion
Covered bond purchase programme 2 EUR 6.8 billion - -
Covered bond purchase programme 3 EUR 211.0 billion +EUR 1.7 billion -EUR 0.4 billion
Asset-backed securities purchase programme EUR 23.3 billion +EUR 0.1 billion -EUR 0.2 billion
Corporate sector purchase programme EUR 62.9 billion +EUR 1.9 billion -
Public sector purchase programme EUR 1,354.2 billion +EUR 16.9 billion -
Securities Markets Programme EUR 99.4 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 8.6 billion to EUR 955.3 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 382,061 0
2 Claims on non-euro area residents denominated in foreign currency 323,167 −272
  2.1 Receivables from the IMF 78,418 −235
  2.2 Balances with banks and security investments, external loans and other external assets 244,749 −37
3 Claims on euro area residents denominated in foreign currency 36,371 1,692
4 Claims on non-euro area residents denominated in euro 18,868 −913
  4.1 Balances with banks, security investments and loans 18,868 −913
  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 584,683 −1,627
  5.1 Main refinancing operations 29,599 −2,046
  5.2 Longer-term refinancing operations 554,494 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 590 419
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 81,437 1,781
7 Securities of euro area residents denominated in euro 2,083,937 19,921
  7.1 Securities held for monetary policy purposes 1,768,715 20,070
  7.2 Other securities 315,222 −149
8 General government debt denominated in euro 26,410 0
9 Other assets 234,008 862
Total assets 3,770,942 21,443
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 1,110,923 −440
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,451,066 12,954
  2.1 Current accounts (covering the minimum reserve system) 955,270 −8,589
  2.2 Deposit facility 495,763 21,554
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 33 −11
3 Other liabilities to euro area credit institutions denominated in euro 8,526 −1,449
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 251,966 14,459
  5.1 General government 144,183 13,653
  5.2 Other liabilities 107,783 806
6 Liabilities to non-euro area residents denominated in euro 144,824 −6,687
7 Liabilities to euro area residents denominated in foreign currency 8,452 −726
8 Liabilities to non-euro area residents denominated in foreign currency 11,939 2,553
  8.1 Deposits, balances and other liabilities 11,939 2,553
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 59,263 0
10 Other liabilities 229,552 859
11 Revaluation accounts 394,418 0
12 Capital and reserves 100,014 −78
Total liabilities 3,770,942 21,443

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