Consolidated financial statement of the Eurosystem as at 23 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.

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.