Menu

Consolidated opening financial statement of the Eurosystem as at 1 January 2015 and Consolidated weekly financial statement of the Eurosystem as at 2 January 2015

1 January 2015

Consolidated opening financial statement of the Eurosystem as at 1 January 2015

Following the adoption of the euro by Lithuania, Lietuvos bankas joined the Eurosystem on 1 January 2015. The ECB is therefore publishing a consolidated opening financial statement of the Eurosystem as at 1 January 2015, which includes the balance sheet figures of Lietuvos bankas. Items previously denominated in Lithuanian litas have been moved from items “denominated in foreign currency” to items “denominated in euro”. Transactions and balances on accounts held with residents of Lithuania have been moved from “non-euro area” balance sheet items to “euro area” items. Furthermore, the item capital and reserves (liability item 12) has increased in comparison with that in the consolidated financial statement as at 31 December 2014 on account of the entry of Lietuvos bankas into the Eurosystem.

Assets (EUR millions) Balance
Totals/sub-totals may not add up, due to rounding
1 Gold and gold receivables 343,815
2 Claims on non-euro area residents denominated in foreign currency 273,433
  2.1 Receivables from the IMF 81,462
  2.2 Balances with banks and security investments, external loans and other external assets 191,971
3 Claims on euro area residents denominated in foreign currency 28,025
4 Claims on non-euro area residents denominated in euro 20,398
  4.1 Balances with banks, security investments and loans 20,398
  4.2 Claims arising from the credit facility under ERM II 0
5 Lending to euro area credit institutions related to monetary policy operations denominated in euro 630,341
  5.1 Main refinancing operations 156,129
  5.2 Longer-term refinancing operations 473,285
  5.3 Fine-tuning reverse operations 0
  5.4 Structural reverse operations 0
  5.5 Marginal lending facility 924
  5.6 Credits related to margin calls 2
6 Other claims on euro area credit institutions denominated in euro 60,590
7 Securities of euro area residents denominated in euro 592,407
  7.1 Securities held for monetary policy purposes 217,242
  7.2 Other securities 375,165
8 General government debt denominated in euro 26,715
9 Other assets 241,204
Total assets 2,216,928
Liabilities (EUR millions) Balance
Totals/sub-totals may not add up, due to rounding
1 Banknotes in circulation 1,018,712
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 369,368
  2.1 Current accounts (covering the minimum reserve system) 321,103
  2.2 Deposit facility 48,266
  2.3 Fixed-term deposits 0
  2.4 Fine-tuning reverse operations 0
  2.5 Deposits related to margin calls 0
3 Other liabilities to euro area credit institutions denominated in euro 6,073
4 Debt certificates issued 0
5 Liabilities to other euro area residents denominated in euro 65,778
  5.1 General government 38,025
  5.2 Other liabilities 27,753
6 Liabilities to non-euro area residents denominated in euro 47,907
7 Liabilities to euro area residents denominated in foreign currency 1,276
8 Liabilities to non-euro area residents denominated in foreign currency 4,753
  8.1 Deposits, balances and other liabilities 4,753
  8.2 Liabilities arising from the credit facility under ERM II 0
9 Counterpart of special drawing rights allocated by the IMF 56,374
10 Other liabilities 221,366
11 Revaluation accounts 330,898
12 Capital and reserves 94,423
Total liabilities 2,216,928

Consolidated weekly financial statement of the Eurosystem as at 2 January 2015 (compared with the consolidated opening financial statement of the Eurosystem as at 1 January 2015)

Items not related to monetary policy operations

In the period from 1 to 2 January 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) remained virtually unchanged at EUR 239.1 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) remained virtually unchanged at EUR 375.2 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.6 billion to EUR 1017.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 5.9 billion to EUR 43.9 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 14 billion, to EUR 568.1 billion.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.3 billion (compared with EUR 0.9 billion on 1 January 2015), while recourse to the deposit facility (liability item 2.2) was EUR 61.7 billion (compared with EUR 48.3 billion on 1 January 2015).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) remained unchanged at EUR 217.2 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 2 January 2015 Difference compared with 1 January 2015 – purchases Difference compared with 1 January 2015 – redemptions
Covered bond purchase programme 1 EUR 28.8 billion - -
Covered bond purchase programme 2 EUR 12.8 billion - -
Covered bond purchase programme 3 EUR 29.6 billion - -
Asset-backed securities purchase programme EUR 1.7 billion - -
Securities Markets Programme EUR 144.3 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) decreased by EUR 18.3 billion, to EUR 302.8 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 343,815 0
2 Claims on non-euro area residents denominated in foreign currency 273,498 64
  2.1 Receivables from the IMF 81,462 0
  2.2 Balances with banks and security investments, external loans and other external assets 192,036 64
3 Claims on euro area residents denominated in foreign currency 28,711 686
4 Claims on non-euro area residents denominated in euro 19,657 −741
  4.1 Balances with banks, security investments and loans 19,657 −741
  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 629,741 −600
  5.1 Main refinancing operations 156,129 0
  5.2 Longer-term refinancing operations 473,285 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 325 −599
  5.6 Credits related to margin calls 2 0
6 Other claims on euro area credit institutions denominated in euro 60,400 −190
7 Securities of euro area residents denominated in euro 592,414 7
  7.1 Securities held for monetary policy purposes 217,242 0
  7.2 Other securities 375,171 7
8 General government debt denominated in euro 26,715 0
9 Other assets 241,045 −159
Total assets 2,215,995 −933
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 1,017,074 −1,638
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 364,494 −4,874
  2.1 Current accounts (covering the minimum reserve system) 302,813 −18,290
  2.2 Deposit facility 61,680 13,414
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 1 1
3 Other liabilities to euro area credit institutions denominated in euro 6,249 177
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 71,890 6,113
  5.1 General government 43,893 5,867
  5.2 Other liabilities 27,998 245
6 Liabilities to non-euro area residents denominated in euro 46,938 −969
7 Liabilities to euro area residents denominated in foreign currency 1,266 −10
8 Liabilities to non-euro area residents denominated in foreign currency 5,476 724
  8.1 Deposits, balances and other liabilities 5,476 724
  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 220,908 −458
11 Revaluation accounts 330,898 0
12 Capital and reserves 94,425 2
Total liabilities 2,215,995 −933

Media contacts