Consolidated financial statement of the Eurosystem as at 11 September 2015

15 September 2015

Items not related to monetary policy operations

In the week ending 11 September 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 264.3 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
10 September 2015  7-day US dollar liquidity-providing reverse transaction USD 136 million USD 141 million

The above 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 1.3 billion to EUR 358.3 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.2 billion to EUR 1,053.9 billion. Liabilities to general government (liability item 5.1) increased by EUR 8.4 billion to EUR 58.1 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 6.9 billion to EUR 367.1 billion. On Wednesday, 9 September 2015, a main refinancing operation (asset item 5.1) of EUR 71 billion matured and a new one of EUR 70.9 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) remained virtually unchanged at EUR 0.1 billion, while recourse to the deposit facility (liability item 2.2) was EUR 159.9 billion (compared with EUR 167 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 17.3 billion to EUR 602.8 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 11 September 2015 Difference compared with 4 September 2015 – purchases Difference compared with 4 September 2015 – redemptions
Covered bond purchase programme 1 EUR 22.3 billion - -
Covered bond purchase programme 2 EUR 10.5 billion - -
Covered bond purchase programme 3 EUR 116.1 billion +EUR 3.9 billion -
Asset-backed securities purchase programme EUR 11.9 billion +EUR 0.4 billion -
Public sector purchase programme EUR 314.4 billion +EUR 13 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 16.8 billion to EUR 466.5 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 288,762 −787
  2.1 Receivables from the IMF 79,125 −3
  2.2 Balances with banks and security investments, external loans and other external assets 209,638 −784
3 Claims on euro area residents denominated in foreign currency 41,952 1,279
4 Claims on non-euro area residents denominated in euro 21,137 1,665
  4.1 Balances with banks, security investments and loans 21,137 1,665
  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 527,197 −158
  5.1 Main refinancing operations 70,909 −131
  5.2 Longer-term refinancing operations 456,227 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 61 −27
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 134,090 3,548
7 Securities of euro area residents denominated in euro 961,084 15,946
  7.1 Securities held for monetary policy purposes 602,827 17,234
  7.2 Other securities 358,257 −1,288
8 General government debt denominated in euro 25,177 0
9 Other assets 223,423 −2,523
Total assets 2,587,280 18,969
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 1,053,902 −1,162
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 626,523 9,711
  2.1 Current accounts (covering the minimum reserve system) 466,471 16,791
  2.2 Deposit facility 159,910 −7,087
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 142 7
3 Other liabilities to euro area credit institutions denominated in euro 4,849 201
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 125,196 8,901
  5.1 General government 58,110 8,421
  5.2 Other liabilities 67,086 480
6 Liabilities to non-euro area residents denominated in euro 33,577 −1,125
7 Liabilities to euro area residents denominated in foreign currency 2,165 −129
8 Liabilities to non-euro area residents denominated in foreign currency 4,758 651
  8.1 Deposits, balances and other liabilities 4,758 651
  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 212,231 1,921
11 Revaluation accounts 367,423 0
12 Capital and reserves 97,201 0
Total liabilities 2,587,280 18,969

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