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Consolidated financial statement of the Eurosystem as at 25 September 2015

29 September 2015

Items not related to monetary policy operations

In the week ending 25 September 2015 gold and gold receivables (asset item 1) decreased by EUR 1 million owing to a net sale of gold coin by one Eurosystem central bank.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.4 billion to EUR 264.7 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
24 September 2015  7-day US dollar liquidity-providing reverse transaction USD 144 million USD 142 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) increased by EUR 0.6 billion to EUR 358.9 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.2 billion to EUR 1,051.6 billion. Liabilities to general government (liability item 5.1) increased by EUR 35 billion to EUR 115.4 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 16.9 billion to EUR 404.2 billion. On Wednesday, 23 September 2015, a main refinancing operation (asset item 5.1) of EUR 70.7 billion matured and a new one of EUR 71.1 billion, with a maturity of seven days, was settled. Recourse to the marginal lending facility (asset item 5.5) remained virtually unchanged and close to nil, while recourse to the deposit facility (liability item 2.2) was EUR 123 billion (compared with EUR 139.5 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 13.9 billion to EUR 631.1 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 25 September 2015 Difference compared with 18 September 2015 – purchases Difference compared with 18 September 2015 – redemptions
Covered bond purchase programme 1 EUR 22.2 billion - -
Covered bond purchase programme 2 EUR 10.5 billion - -
Covered bond purchase programme 3 EUR 120.3 billion +EUR 2 billion -
Asset-backed securities purchase programme EUR 12.8 billion +EUR 0.8 billion -
Public sector purchase programme EUR 337.9 billion +EUR 11.2 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) decreased by EUR 11.9 billion to EUR 457.5 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 364,455 −1
2 Claims on non-euro area residents denominated in foreign currency 291,642 1,454
  2.1 Receivables from the IMF 79,155 105
  2.2 Balances with banks and security investments, external loans and other external assets 212,486 1,348
3 Claims on euro area residents denominated in foreign currency 39,907 −1,139
4 Claims on non-euro area residents denominated in euro 21,131 542
  4.1 Balances with banks, security investments and loans 21,131 542
  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 527,329 374
  5.1 Main refinancing operations 71,077 412
  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 25 −38
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 138,403 1,798
7 Securities of euro area residents denominated in euro 989,993 14,483
  7.1 Securities held for monetary policy purposes 631,112 13,894
  7.2 Other securities 358,880 589
8 General government debt denominated in euro 25,177 0
9 Other assets 222,595 806
Total assets 2,620,631 18,317
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 1,051,626 −244
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 580,586 −28,435
  2.1 Current accounts (covering the minimum reserve system) 457,455 −11,898
  2.2 Deposit facility 122,988 −16,537
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 143 0
3 Other liabilities to euro area credit institutions denominated in euro 4,874 52
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 193,994 38,617
  5.1 General government 115,378 35,046
  5.2 Other liabilities 78,616 3,571
6 Liabilities to non-euro area residents denominated in euro 40,257 4,321
7 Liabilities to euro area residents denominated in foreign currency 2,059 −281
8 Liabilities to non-euro area residents denominated in foreign currency 5,330 196
  8.1 Deposits, balances and other liabilities 5,330 196
  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 217,826 4,090
11 Revaluation accounts 367,423 0
12 Capital and reserves 97,201 0
Total liabilities 2,620,631 18,317
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