Consolidated financial statement of the Eurosystem as at 28 October 2016
Items not related to monetary policy operations
In the week ending 28 October 2016 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 1.7 billion to EUR 274.3 billion.
US dollar liquidity operations
| Value date | Type of transaction | Maturing amount | New amount |
| 27 October 2016 | 7-day US dollar liquidity-providing reverse transaction | USD 3.5 billion | USD 1 billion |
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 1.8 billion to EUR 327.5 billion. Banknotes in circulation (liability item 1) rose by EUR 5.2 billion to EUR 1,100.3 billion. Liabilities to general government (liability item 5.1) decreased by EUR 6.6 billion to EUR 186.2 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 13.7 billion to EUR 163.9 billion. On Wednesday, 26 October 2016, a main refinancing operation (asset item 5.1) of EUR 33.4 billion matured and a new one of EUR 36 billion, with a maturity of six days, was settled.
During the week, a longer-term refinancing operation (asset item 5.2) of EUR 7 billion matured and a new one of EUR 5.4 billion was settled.
Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with virtually nil in the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 384.4 billion (compared with EUR 397 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 20.3 billion to EUR 1,513 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 28 October 2016 | Difference compared with 21 October 2016 – purchases |
Difference compared with 21 October 2016 – redemptions |
| Covered bond purchase programme 1 | EUR 14.1 billion | - | -EUR 0.2 billion |
| Covered bond purchase programme 2 | EUR 7.1 billion | - | - |
| Covered bond purchase programme 3 | EUR 197.6 billion | +EUR 1.2 billion | -EUR 0.0 billion |
| Asset-backed securities purchase programme | EUR 21.5 billion | +EUR 0.6 billion | -EUR 0.4 billion |
| Corporate sector purchase programme | EUR 37.8 billion | +EUR 1.9 billion | - |
| Public sector purchase programme | EUR 1,131.1 billion | +EUR 17.2 billion | - |
| Securities Markets Programme | EUR 103.7 billion | - | -EUR 0.0 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 31.6 billion to EUR 812.8 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 | 412,634 | 0 | |
| 2 | Claims on non-euro area residents denominated in foreign currency | 311,468 | −1,627 | |
| 2.1 | Receivables from the IMF | 78,333 | 528 | |
| 2.2 | Balances with banks and security investments, external loans and other external assets | 233,134 | −2,155 | |
| 3 | Claims on euro area residents denominated in foreign currency | 36,148 | 872 | |
| 4 | Claims on non-euro area residents denominated in euro | 17,941 | −518 | |
| 4.1 | Balances with banks, security investments and loans | 17,941 | −518 | |
| 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 | 548,298 | 1,035 | |
| 5.1 | Main refinancing operations | 36,027 | 2,598 | |
| 5.2 | Longer-term refinancing operations | 512,214 | −1,583 | |
| 5.3 | Fine-tuning reverse operations | 0 | 0 | |
| 5.4 | Structural reverse operations | 0 | 0 | |
| 5.5 | Marginal lending facility | 58 | 20 | |
| 5.6 | Credits related to margin calls | 0 | 0 | |
| 6 | Other claims on euro area credit institutions denominated in euro | 93,947 | 2,211 | |
| 7 | Securities of euro area residents denominated in euro | 1,840,430 | 18,428 | |
| 7.1 | Securities held for monetary policy purposes | 1,512,957 | 20,250 | |
| 7.2 | Other securities | 327,472 | −1,822 | |
| 8 | General government debt denominated in euro | 26,439 | 0 | |
| 9 | Other assets | 220,097 | −7,928 | |
| Total assets | 3,507,401 | 12,473 | ||
| 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 | 1,100,281 | 5,179 | |
| 2 | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | 1,197,236 | 18,954 | |
| 2.1 | Current accounts (covering the minimum reserve system) | 812,839 | 31,604 | |
| 2.2 | Deposit facility | 384,365 | −12,675 | |
| 2.3 | Fixed-term deposits | 0 | 0 | |
| 2.4 | Fine-tuning reverse operations | 0 | 0 | |
| 2.5 | Deposits related to margin calls | 32 | 25 | |
| 3 | Other liabilities to euro area credit institutions denominated in euro | 3,405 | −158 | |
| 4 | Debt certificates issued | 0 | 0 | |
| 5 | Liabilities to other euro area residents denominated in euro | 290,456 | −13,580 | |
| 5.1 | General government | 186,183 | −6,571 | |
| 5.2 | Other liabilities | 104,272 | −7,009 | |
| 6 | Liabilities to non-euro area residents denominated in euro | 108,225 | 2,155 | |
| 7 | Liabilities to euro area residents denominated in foreign currency | 5,494 | 887 | |
| 8 | Liabilities to non-euro area residents denominated in foreign currency | 9,655 | 95 | |
| 8.1 | Deposits, balances and other liabilities | 9,655 | 95 | |
| 8.2 | Liabilities arising from the credit facility under ERM II | 0 | 0 | |
| 9 | Counterpart of special drawing rights allocated by the IMF | 58,132 | 0 | |
| 10 | Other liabilities | 215,137 | −1,059 | |
| 11 | Revaluation accounts | 418,545 | 0 | |
| 12 | Capital and reserves | 100,836 | 0 | |
| Total liabilities | 3,507,401 | 12,473 | ||
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