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Consolidated financial statement of the Eurosystem as at 24 July 2015

28 July 2015

Items not related to monetary policy operations

In the week ending 24 July 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 1.9 billion to EUR 262.1 billion, on account of customer and portfolio transactions and US dollar liquidity-providing operations (see below).

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
23 July 2015  7-day US dollar liquidity-providing reverse transaction USD 658 million USD 358 million

The 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 0.5 billion to EUR 360.5 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.1 billion to EUR 1,052.4 billion. Liabilities to general government (liability item 5.1) increased by EUR 45.9 billion to EUR 120.3 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) increased by EUR 1.3 billion to EUR 425.3 billion. On Wednesday, 22 July 2015, a main refinancing operation (asset item 5.1) of EUR 75.5 billion matured and a new one of EUR 75.2 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with EUR 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 117.1 billion (compared with EUR 118.6 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 9.5 billion to EUR 514.7 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 24 July 2015 Difference compared with 17 July 2015 – purchases Difference compared with 17 July 2015 – redemptions
Covered bond purchase programme 1 EUR 22.5 billion - -EUR 0.3 billion
Covered bond purchase programme 2 EUR 10.8 billion - -
Covered bond purchase programme 3 EUR 101.7 billion +EUR 1.5 billion -
Asset-backed securities purchase programme EUR 9.5 billion +EUR 0.1 billion -
Public sector purchase programme EUR 237.9 billion +EUR 10.3 billion -
Securities Markets Programme EUR 132.3 billion - -EUR 2.1 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 27.9 billion to EUR 386.5 billion.


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