Menu

Consolidated financial statement of the Eurosystem as at 28 August 2015

1 September 2015

Items not related to monetary policy operations

In the week ending 28 August 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 1.3 billion to EUR 264.1 billion, on account of customer and portfolio transactions and US dollar liquidity-providing operations (see below).

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
27 August 2015  7-day US dollar liquidity-providing reverse transaction USD 132 million USD 135 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) increased by EUR 1.1 billion to EUR 359.2 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.3 billion to EUR 1,053.2 billion. Liabilities to general government (liability item 5.1) increased by EUR 16.8 billion to EUR 67 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 10.1 billion to EUR 373.9 billion. On Wednesday, 26 August 2015, a main refinancing operation (asset item 5.1) of EUR 69.6 billion matured and a new one of EUR 70.1 billion, with a maturity of seven days, was settled.

During the week, a  longer-term refinancing operation of EUR 40.4 billion matured and a new one of EUR 33.1 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 2.2 billion (compared with EUR 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 154.4 billion (compared with EUR 169.1 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 11.6 billion to EUR 572.4 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 28 August 2015 Difference compared with 21 August 2015 – purchases Difference compared with 21 August 2015 – redemptions
Covered bond purchase programme 1 EUR 22.5 billion - -
Covered bond purchase programme 2 EUR 10.6 billion - -
Covered bond purchase programme 3 EUR 111.1 billion +EUR 1.9 billion -
Asset-backed securities purchase programme EUR 11.1 billion - -EUR 0.1 billion
Public sector purchase programme EUR 289.5 billion +EUR 9.8 billion -
Securities Markets Programme EUR 127.6 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) increased by EUR 9.9 billion to EUR 438.5 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 364,458 0
2 Claims on non-euro area residents denominated in foreign currency 289,517 −2,748
  2.1 Receivables from the IMF 79,206 −1
  2.2 Balances with banks and security investments, external loans and other external assets 210,311 −2,747
3 Claims on euro area residents denominated in foreign currency 40,977 4,070
4 Claims on non-euro area residents denominated in euro 19,334 −102
  4.1 Balances with banks, security investments and loans 19,334 −102
  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 528,468 −4,722
  5.1 Main refinancing operations 70,080 516
  5.2 Longer-term refinancing operations 456,227 −7,298
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 2,161 2,060
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 131,821 1,863
7 Securities of euro area residents denominated in euro 931,683 12,667
  7.1 Securities held for monetary policy purposes 572,456 11,607
  7.2 Other securities 359,227 1,061
8 General government debt denominated in euro 25,177 0
9 Other assets 227,346 −1,501
Total assets 2,558,780 9,527
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 1,053,233 −1,293
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 593,023 −4,857
  2.1 Current accounts (covering the minimum reserve system) 438,505 9,913
  2.2 Deposit facility 154,386 −14,752
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 132 −17
3 Other liabilities to euro area credit institutions denominated in euro 4,774 −415
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 132,228 15,286
  5.1 General government 66,977 16,831
  5.2 Other liabilities 65,250 −1,545
6 Liabilities to non-euro area residents denominated in euro 33,933 −1,028
7 Liabilities to euro area residents denominated in foreign currency 2,357 4
8 Liabilities to non-euro area residents denominated in foreign currency 4,550 3
  8.1 Deposits, balances and other liabilities 4,550 3
  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 210,604 3,021
11 Revaluation accounts 367,423 0
12 Capital and reserves 97,200 −1,193
Total liabilities 2,558,780 9,527

Media contacts