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Consolidated financial statement of the Eurosystem as at 6 February 2015

10 February 2015

Items not related to monetary policy operations

In the week ending 6 February 2015 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 0.3 billion to EUR 243.8 billion, on account of customer and portfolio transactions.

During the week, the Eurosystem did not conduct any liquidity-providing transactions 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 1.9 billion to EUR 374.4 billion. Banknotes in circulation (liability item 1) rose by EUR 0.5 billion to EUR 1,004.7 billion. Liabilities to general government (liability item 5.1) decreased by EUR 21 billion to EUR 55.2 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 21.2 billion to EUR 521.3 billion. On Wednesday, 4 February 2015, a main refinancing operation of EUR 163.8 billion matured and a new one of EUR 151.8 billion, with a maturity of seven days, was settled.

During the week, EUR 10.8 billion of a longer-term refinancing operation was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.5 billion (compared with EUR 0.2 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 35.8 billion (compared with EUR 36.6 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) decreased by EUR 0.5 billion to EUR 226.6 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 6 February 2015 Difference compared with 30 January 2015 – purchases Difference compared with 30 January 2015 – redemptions
Covered bond purchase programme 1 EUR 27.3 billion - EUR 0.2 billion
Covered bond purchase programme 2 EUR 12.7 billion - -
Covered bond purchase programme 3 EUR 42.9 billion EUR 2.7 billion -
Asset-backed securities purchase programme EUR 2.7 billion EUR 0.3 billion -
Securities Markets Programme EUR 140.9 billion - EUR 3.3 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 6.3 billion, to EUR 233.7 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 343,867 0
2 Claims on non-euro area residents denominated in foreign currency 273,069 −658
2.1 Receivables from the IMF 79,881 −1,381
2.2 Balances with banks and security investments, external loans and other external assets 193,187 724
3 Claims on euro area residents denominated in foreign currency 34,233 −1,317
4 Claims on non-euro area residents denominated in euro 19,827 1,230
4.1 Balances with banks, security investments and loans 19,827 1,230
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 557,099 −22,547
5.1 Main refinancing operations 151,768 −12,053
5.2 Longer-term refinancing operations 404,788 −10,820
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 517 300
5.6 Credits related to margin calls 26 26
6 Other claims on euro area credit institutions denominated in euro 64,566 2,432
7 Securities of euro area residents denominated in euro 600,985 −2,373
7.1 Securities held for monetary policy purposes 226,599 −508
7.2 Other securities 374,386 −1,865
8 General government debt denominated in euro 26,665 −50
9 Other assets 229,901 −8,461
Total assets 2,150,212 −31,742
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 1,004,694 464
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 269,510 4,987
2.1 Current accounts (covering the minimum reserve system) 233,704 6,319
2.2 Deposit facility 35,802 −755
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 3 −578
3 Other liabilities to euro area credit institutions denominated in euro 5,388 −169
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 88,426 −23,022
5.1 General government 55,236 −21,048
5.2 Other liabilities 33,190 −1,974
6 Liabilities to non-euro area residents denominated in euro 75,904 −8,474
7 Liabilities to euro area residents denominated in foreign currency 1,479 −61
8 Liabilities to non-euro area residents denominated in foreign currency 5,673 −1,655
8.1 Deposits, balances and other liabilities 5,673 −1,655
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 56,374 0
10 Other liabilities 216,402 −4,031
11 Revaluation accounts 330,898 0
12 Capital and reserves 95,464 219
Total liabilities 2,150,212 −31,742
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