Consolidated financial statement of the Eurosystem as at 31 October 2014

Items not related to monetary policy operations

In the week ending 31 October 2014 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 0.3 billion to EUR 227.7 billion on account of customer and portfolio transactions.

In the past week the Eurosystem has not conducted 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 4.7 billion to EUR 364.2 billion. Banknotes in circulation (liability item 1) increased by EUR 4.1 billion to EUR 975.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 45.4 billion to EUR 56.8 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 12.4 billion to EUR 489.2 billion. On Wednesday, 29 October 2014, a main refinancing operation of EUR 92.9 billion matured and a new one of EUR 118.2 billion, with a maturity of one week, was settled.

During the week, a longer-term refinancing operation of EUR 6.8 billion matured and a new one of EUR 10.2 billion was settled, while EUR 5.7 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 1 billion (compared with EUR 0.2 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 38.4 billion (compared with EUR 27.1 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 0.6 billion to EUR 192.9 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.

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 41.6 billion to EUR 211.6 billion.