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Consolidated financial statement of the Eurosystem as at 27 May 2016

31 May 2016

Items not related to monetary policy operations

In the week ending 27 May 2016 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) increased by EUR 0.8 billion to EUR 263.3 billion. This change was due to the customer and portfolio transactions carried out by Eurosystem central banks during the period under review.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
26 May 2016 7-day US dollar liquidity-providing reverse transaction USD 1,005 million USD 800 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) increased by EUR 0.2 billion to EUR 347.1 billion. Banknotes in circulation (liability item 1) rose by EUR 0.8 billion to EUR 1,076.4 billion. Liabilities to general government (liability item 5.1) increased by EUR 16.8 billion to EUR 167.6 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 1.9 billion to EUR 202.6 billion. On Wednesday, 25 May 2016, a main refinancing operation (asset item 5.1) of EUR 49.9 billion matured and a new one of EUR 60.2 billion, with a maturity of one week, was settled.

During the week, a longer-term refinancing operation (asset item 5.2) of EUR 13.7 billion matured and a new one of EUR 6.3 billion 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 308.8 billion (compared with EUR 307.6 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 19.9 billion to EUR 1,133.7 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 27 May 2016

Difference compared with

20 May 2016 – purchases

Difference compared with

20 May 2016 – redemptions

Covered bond purchase programme 1 EUR 18.5 billion - -EUR 0.5 billion
Covered bond purchase programme 2 EUR 8.3 billion - -EUR 0.1 billion
Covered bond purchase programme 3 EUR 177.4 billion +EUR 1.4 billion -EUR 0.2 billion
Asset-backed securities purchase programme EUR 19.1 billion +EUR 0.2 billion -EUR 0.2 billion
Public sector purchase programme EUR 799.4 billion +EUR 19.3 billion -
Securities Markets Programme EUR 111.0 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 7.7 billion to EUR 611.8 billion.


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