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Consolidated financial statement of the Eurosystem as at 10 July 2015

14 July 2015

Items not related to monetary policy operations

In the week ending 10 July 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 264 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
9 July 2015  7-day US dollar liquidity-providing reverse transaction USD 155 million USD 308 million

The 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) decreased by EUR 1.9 billion to EUR 365.6 billion. Banknotes in circulation (liability item 1) increased by EUR 3.2 billion to EUR 1,050.6 billion. Liabilities to general government (liability item 5.1) decreased by EUR 1.5 billion to EUR 96.9 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 13.6 billion to EUR 417.8 billion. On Wednesday, 8 July 2015, a main refinancing operation (asset item 5.1) of EUR 76.4 billion matured and a new one of EUR 74.5 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with EUR 0.6 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 123.8 billion (compared with EUR 112.5 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 14.3 billion to EUR 491.9 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.

Monetary policy securities portfolios Reported value as at 10 July 2015 Difference compared with 3 July 2015 – purchases Difference compared with 3 July 2015 – redemptions
Covered bond purchase programme 1 EUR 22.8 billion - -
Covered bond purchase programme 2 EUR 10.8 billion - -
Covered bond purchase programme 3 EUR 98.2 billion +EUR 2.2 billion -
Asset-backed securities purchase programme EUR 9.3 billion +EUR 0.4 billion -
Public sector purchase programme EUR 216.3 billion +EUR 11.7 billion -
Securities Markets Programme EUR 134.4 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 8.8 billion to EUR 383.4 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 364,459 0
2 Claims on non-euro area residents denominated in foreign currency 292,148 −619
  2.1 Receivables from the IMF 80,504 5
  2.2 Balances with banks and security investments, external loans and other external assets 211,644 −624
3 Claims on euro area residents denominated in foreign currency 38,845 450
4 Claims on non-euro area residents denominated in euro 21,001 895
  4.1 Balances with banks, security investments and loans 21,001 895
  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 541,777 −2,327
  5.1 Main refinancing operations 74,463 −1,949
  5.2 Longer-term refinancing operations 467,096 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 219 −378
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 136,952 2,061
7 Securities of euro area residents denominated in euro 857,465 12,361
  7.1 Securities held for monetary policy purposes 491,914 14,299
  7.2 Other securities 365,551 −1,938
8 General government debt denominated in euro 25,643 −55
9 Other assets 229,906 −1,573
Total assets 2,508,195 11,193
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 1,050,583 3,180
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 507,347 2,524
  2.1 Current accounts (covering the minimum reserve system) 383,404 −8,785
  2.2 Deposit facility 123,806 11,314
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 137 −5
3 Other liabilities to euro area credit institutions denominated in euro 5,060 46
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 164,998 850
  5.1 General government 96,852 −1,533
  5.2 Other liabilities 68,146 2,383
6 Liabilities to non-euro area residents denominated in euro 36,764 4,767
7 Liabilities to euro area residents denominated in foreign currency 2,291 273
8 Liabilities to non-euro area residents denominated in foreign currency 5,202 −474
  8.1 Deposits, balances and other liabilities 5,202 −474
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 59,456 0
10 Other liabilities 210,678 26
11 Revaluation accounts 367,423 0
12 Capital and reserves 98,392 0
Total liabilities 2,508,195 11,193

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