Menu

Consolidated financial statement of the Eurosystem as at 23 January 2015

27 January 2015

Items not related to monetary policy operations

In the week ending 23 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) increased by EUR 1.7 billion to EUR 243.4 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) increased by EUR 1.0 billion to EUR 374.9 billion. Banknotes in circulation (liability item 1) rose by EUR 0.9 billion to EUR 1,002.3 billion. Liabilities to general government (liability item 5.1) increased by EUR 16.2 billion to EUR 81.0 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 9.4 billion to EUR 517.6 billion. On Wednesday, 21 January 2015, a main refinancing operation of EUR 114.0 billion matured and a new one of EUR 125.3 billion, with a maturity of seven days, was settled.

During the week, EUR 13.9 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 1.6 billion (compared with EUR 0.7 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 54.5 billion (compared with EUR 65.6 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 3.9 billion to EUR 224.7 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 23 January 2015 Difference compared with 16 January 2015 – purchases Difference compared with 16 January 2015 – redemptions
Covered bond purchase programme 1 EUR 28.2 billion - EUR 0.3 billion
Covered bond purchase programme 2 EUR 12.7 billion - -
Covered bond purchase programme 3 EUR 37.2 billion EUR 4.1 billion -
Asset-backed securities purchase programme EUR 2.3 billion EUR 0.1 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 34.1 billion, to EUR 189.3 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 274,917 1,930
2.1 Receivables from the IMF 81,268 −2
2.2 Balances with banks and security investments, external loans and other external assets 193,649 1,932
3 Claims on euro area residents denominated in foreign currency 32,860 −338
4 Claims on non-euro area residents denominated in euro 18,513 −997
4.1 Balances with banks, security investments and loans 18,513 −997
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 572,145 −1,678
5.1 Main refinancing operations 125,256 11,270
5.2 Longer-term refinancing operations 445,266 −13,864
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 1,623 916
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 58,705 −311
7 Securities of euro area residents denominated in euro 599,553 4,930
7.1 Securities held for monetary policy purposes 224,661 3,946
7.2 Other securities 374,893 984
8 General government debt denominated in euro 26,715 0
9 Other assets 232,521 −1,962
Total assets 2,159,796 1,574
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 1,002,309 871
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 243,754 −45,181
2.1 Current accounts (covering the minimum reserve system) 189,258 −34,061
2.2 Deposit facility 54,493 −11,078
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 3 −43
3 Other liabilities to euro area credit institutions denominated in euro 5,748 −1,139
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 114,706 20,012
5.1 General government 81,048 16,178
5.2 Other liabilities 33,658 3,834
6 Liabilities to non-euro area residents denominated in euro 86,745 26,457
7 Liabilities to euro area residents denominated in foreign currency 1,637 −34
8 Liabilities to non-euro area residents denominated in foreign currency 6,378 −78
8.1 Deposits, balances and other liabilities 6,378 −78
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 216,002 77
11 Revaluation accounts 330,898 0
12 Capital and reserves 95,245 590
Total liabilities 2,159,796 1,574

Media contacts