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Consolidated financial statement of the Eurosystem as at 27 March 2020

31 March 2020

In the week ending 27 March 2020 the decrease of EUR 111 million in gold and gold receivables (asset item 1) reflected mainly the sale of gold by one Eurosystem central bank for the purpose of issuing commemorative gold coins.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 15.7 billion to EUR 418.9 billion mainly due to US dollar liquidity-providing operations.

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 87.9 billion to EUR 613.6 billion.

Base money (liability items 1, 2.1 and 2.2) increased by EUR 116.5 billion to EUR 3,334.6 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 27 March 2020

Weekly change – purchases

Weekly change – redemptions

Covered bond purchase programme 1

EUR 1.1 billion

-

-

Securities Markets Programme

EUR 41.0 billion

-

-

Covered bond purchase programme 2

EUR 2.9 billion

-

-

Covered bond purchase programme 3

EUR 274.8 billion

+EUR 1.7 billion

-

Asset-backed securities purchase programme

EUR 31.1 billion

+EUR 1.0 billion

-EUR 0.3 billion

Public sector purchase programme

EUR 2,168.6 billion

+EUR 20.2 billion

-EUR 0.2 billion

Corporate sector purchase programme

EUR 201.5 billion

+EUR 2.4 billion

-EUR 1.1 billion

Pandemic emergency purchase programme

EUR 0.0 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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