5 November 2019

Consolidated financial statement of the Eurosystem as at 1 November 2019

In the week ending 1 November 2019 gold and gold receivables (asset item 1) increased by EUR 1 million owing to transactions in gold 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 0.1 billion to EUR 299.8 billion.

As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) rose by EUR 215.6 billion to EUR 427.9 billion, mainly owing to a shift from the deposit facility (liability item 2.2) to the current accounts (liability item 2.1).

Base money (liability items 1, 2.1 and 2.2) increased by EUR 59.6 billion to EUR 3,159 billion.

The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All portfolios are accounted for at amortised cost.

Monetary policy securities portfolios

Reported value as at 1 November 2019

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 2.4 billion

-

-

Covered bond purchase programme 2

EUR 3.0 billion

-

-

Covered bond purchase programme 3

EUR 260.9 billion

+EUR 0.4 billion

-

Asset-backed securities purchase programme

EUR 27.0 billion

+EUR 0.4 billion

-EUR 0.1 billion

Corporate sector purchase programme

EUR 177.4 billion

+EUR 0.5 billion

-EUR 1.1 billion

Public sector purchase programme

EUR 2,083.6 billion

+EUR 6.2 billion

-EUR 7.7 billion

Securities Markets Programme

EUR 47.8 billion

-

- EUR 1.4 billion

The content and format of the weekly financial statement are set out in Annexes IV to VI of Guideline (EU) 2016/2249 of the European Central Bank of 3 November 2016 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2016/34).

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