Consolidated balance sheet of the Eurosystem as at 31 December 2025

1 Gold and gold receivables

2 Claims on non-euro area residents denominated in foreign currency

2.1 Receivables from the IMF

2.2 Balances with banks and security investments, external loans and other external assets

3 Claims on euro area residents denominated in foreign currency

4 Claims on non-euro area residents denominated in euro

4.1 Balances with banks, security investments and loans

4.2 Claims arising from the credit facility under ERM II

5 Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1 Main refinancing operations

5.2 Longer-term refinancing operations

5.3 Fine-tuning reverse operations

5.4 Structural reverse operations

5.5 Marginal lending facility

5.6 Credits related to margin calls

6 Other claims on euro area credit institutions denominated in euro

7 Securities of euro area residents denominated in euro

7.1 Securities held for monetary policy purposes

7.2 Other securities

8 General government debt denominated in euro

9 Other assets

1 Banknotes in circulation

2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1 Current accounts (covering the minimum reserve system)

2.2 Deposit facility

2.3 Fixed-term deposits

2.4 Fine-tuning reverse operations

2.5 Deposits related to margin calls

3 Other liabilities to euro area credit institutions denominated in euro

4 Debt certificates issued

5 Liabilities to other euro area residents denominated in euro

5.1 General government

5.2 Other liabilities

6 Liabilities to non-euro area residents denominated in euro

7 Liabilities to euro area residents denominated in foreign currency

8 Liabilities to non-euro area residents denominated in foreign currency

8.1 Deposits, balances and other liabilities

8.2 Liabilities arising from the credit facility under ERM II

9 Counterpart of special drawing rights allocated by the IMF

10 Other liabilities

11 Revaluation accounts

12 Capital and reserves