Consolidated financial statement of the Eurosystem as at 7 April 2017

11 April 2017

Items not related to monetary policy operations

In the week ending 7 April 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 4.6 billion to EUR 280.1 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

6 April 2017

7-day US dollar liquidity-providing reverse transaction

USD 4,525 million

USD 45 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 0.7 billion to EUR 305 billion. Banknotes in circulation (liability item 1) increased by EUR 4.8 billion to EUR 1,119.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 25 billion to EUR 153.9 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 5.9 billion to EUR 194.3 billion. On Wednesday, 5 April 2017, a main refinancing operation (asset item 5.1) of EUR 14.8 billion matured and a new one of EUR 13.2 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 0.3 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 588.2 billion (compared with EUR 584 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 19.2 billion to EUR 1,906.3 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 7 April 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 9.5 billion

-

-EUR 0.2 billion

Covered bond purchase programme 2

EUR 6.0 billion

-

-EUR 0.1 billion

Covered bond purchase programme 3

EUR 214.7 billion

+EUR 1.2 billion

-EUR 0.9 billion

Asset-backed securities purchase programme

EUR 24.3 billion

+EUR 0.1 billion

-EUR 0.0 billion

Corporate sector purchase programme

EUR 77.9 billion

+EUR 2.4 billion

-

Public sector purchase programme

EUR 1,474.3 billion

+EUR 16.7 billion

-

Securities Markets Programme

EUR 99.6 billion

-

-EUR 0.0 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 84.4 billion to EUR 1,132.9 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 404,189 0
2 Claims on non-euro area residents denominated in foreign currency 323,065 −289
  2.1 Receivables from the IMF 77,663 113
  2.2 Balances with banks and security investments, external loans and other external assets 245,402 −402
3 Claims on euro area residents denominated in foreign currency 31,576 −2,295
4 Claims on non-euro area residents denominated in euro 18,569 −1,634
  4.1 Balances with banks, security investments and loans 18,569 −1,634
  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 782,487 −1,737
  5.1 Main refinancing operations 13,171 −1,584
  5.2 Longer-term refinancing operations 769,185 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 131 −154
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 81,387 11,613
7 Securities of euro area residents denominated in euro 2,211,330 18,492
  7.1 Securities held for monetary policy purposes 1,906,327 19,203
  7.2 Other securities 305,003 −711
8 General government debt denominated in euro 26,372 0
9 Other assets 237,379 −8,526
Total assets 4,116,353 15,623
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 1,119,229 4,775
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,721,125 88,601
  2.1 Current accounts (covering the minimum reserve system) 1,132,890 84,392
  2.2 Deposit facility 588,226 4,212
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 9 −3
3 Other liabilities to euro area credit institutions denominated in euro 13,718 −1,424
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 279,234 −25,575
  5.1 General government 153,912 −24,982
  5.2 Other liabilities 125,322 −593
6 Liabilities to non-euro area residents denominated in euro 168,478 −50,296
7 Liabilities to euro area residents denominated in foreign currency 3,899 856
8 Liabilities to non-euro area residents denominated in foreign currency 11,586 1,194
  8.1 Deposits, balances and other liabilities 11,586 1,194
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 59,048 0
10 Other liabilities 226,631 −2,789
11 Revaluation accounts 412,030 0
12 Capital and reserves 101,374 283
Total liabilities 4,116,353 15,623

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