Consolidated financial statement of the Eurosystem as at 4 August 2017

8 August 2017

Items not related to monetary policy operations

In the week ending 4 August 2017 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) decreased by EUR 0.2 billion to EUR 260 billion.

US dollar liquidity operations

Value date

Type of transaction

Maturing amount

New amount

3 August 2017

7-day US dollar liquidity-providing reverse transaction

USD 35 million

USD 35 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 5.6 billion to EUR 286.6 billion. Banknotes in circulation (liability item 1) increased by EUR 2.4 billion to EUR 1,144.7 billion. Liabilities to general government (liability item 5.1) decreased by EUR 92.2 billion to EUR 147.1 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) decreased by EUR 40.9 billion to EUR 151.8 billion. On Wednesday, 2 August 2017, a main refinancing operation (asset item 5.1) of EUR 7.3 billion matured and a new one of EUR 4.3 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (virtually unchanged from the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 621.3 billion (compared with EUR 583.5 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 9 billion to EUR 2,128.2 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 4 August 2017

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 7.5 billion

-

-

Covered bond purchase programme 2

EUR 4.9 billion

-

-

Covered bond purchase programme 3

EUR 225.6 billion

+EUR 0.5 billion

-

Asset-backed securities purchase programme

EUR 24.7 billion

+EUR 0.2 billion

-EUR 0.1 billion

Corporate sector purchase programme

EUR 103.4 billion

+EUR 1.5 billion

-

Public sector purchase programme

EUR 1,671.0 billion

+EUR 12.1 billion

-EUR 0.2 billion

Securities Markets Programme

EUR 91.2 billion

-

-EUR 5.1 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 45.2 billion to EUR 1,245.9 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 379,092 0
2 Claims on non-euro area residents denominated in foreign currency 299,240 −2,745
  2.1 Receivables from the IMF 74,443 136
  2.2 Balances with banks and security investments, external loans and other external assets 224,797 −2,881
3 Claims on euro area residents denominated in foreign currency 36,917 3,018
4 Claims on non-euro area residents denominated in euro 16,432 −235
  4.1 Balances with banks, security investments and loans 16,432 −235
  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 773,145 −3,116
  5.1 Main refinancing operations 4,267 −3,083
  5.2 Longer-term refinancing operations 768,704 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 174 −33
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 63,612 295
7 Securities of euro area residents denominated in euro 2,414,778 3,464
  7.1 Securities held for monetary policy purposes 2,128,219 9,046
  7.2 Other securities 286,559 −5,582
8 General government debt denominated in euro 25,735 0
9 Other assets 237,533 −2,477
Total assets 4,246,485 −1,795
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 1,144,744 2,403
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 1,867,265 83,019
  2.1 Current accounts (covering the minimum reserve system) 1,245,898 45,200
  2.2 Deposit facility 621,322 37,828
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 44 −9
3 Other liabilities to euro area credit institutions denominated in euro 10,436 862
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 273,731 −96,063
  5.1 General government 147,089 −92,188
  5.2 Other liabilities 126,642 −3,874
6 Liabilities to non-euro area residents denominated in euro 175,760 6,466
7 Liabilities to euro area residents denominated in foreign currency 8,889 2,722
8 Liabilities to non-euro area residents denominated in foreign currency 10,528 −2,201
  8.1 Deposits, balances and other liabilities 10,528 −2,201
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 56,705 0
10 Other liabilities 224,219 997
11 Revaluation accounts 371,913 0
12 Capital and reserves 102,296 0
Total liabilities 4,246,485 −1,795

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