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Consolidated financial statement of the Eurosystem as at 30 October 2015

3 November 2015

Items not related to monetary policy operations

In the week ending 30 October 2015 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 0.3 billion to EUR 262.4 billion.

US dollar liquidity operations

Value date Type of transaction Maturing amount New amount
29 October 2015  7-day US dollar liquidity-providing reverse transaction USD 140 million USD 143 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 2 billion to EUR 358.1 billion. Banknotes in circulation (liability item 1) increased by EUR 3.3 billion to EUR 1,053.9 billion. Liabilities to general government (liability item 5.1) decreased by EUR 19.7 billion to EUR 112 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 10.2 billion to EUR 373 billion. On Wednesday, 28 October 2015, a main refinancing operation (asset item 5.1) of EUR 65.9 billion matured and a new one of EUR 68.5 billion, with a maturity of seven days, was settled.

During the week, a longer-term refinancing operation (asset item 5.2) of EUR 21.8 billion matured and a new one of EUR 18.1 billion was settled.

Recourse to the marginal lending facility (asset item 5.5) decreased to virtually nil (compared with EUR 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 157.8 billion (compared with EUR 169.4 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 12.5 billion to EUR 695.7 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 30 October 2015 Difference compared with 23 October 2015 – purchases Difference compared with 23 October 2015 – redemptions
Covered bond purchase programme 1 EUR 20.8 billion - -EUR 0.7 billion
Covered bond purchase programme 2 EUR 10.1 billion - -EUR 0.2 billion
Covered bond purchase programme 3 EUR 131.1 billion +EUR 3.0 billion -
Asset-backed securities purchase programme EUR 14.6 billion - -EUR 0.1 billion
Public sector purchase programme EUR 393.6 billion +EUR 10.6 billion -
Securities Markets Programme EUR 125.5 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 30.2 billion to EUR 474.5 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 348,850 0
2 Claims on non-euro area residents denominated in foreign currency 289,898 2,560
  2.1 Receivables from the IMF 78,809 186
  2.2 Balances with banks and security investments, external loans and other external assets 211,089 2,373
3 Claims on euro area residents denominated in foreign currency 38,913 −2,627
4 Claims on non-euro area residents denominated in euro 20,179 799
  4.1 Balances with banks, security investments and loans 20,179 799
  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 531,213 −1,108
  5.1 Main refinancing operations 68,451 2,543
  5.2 Longer-term refinancing operations 462,721 −3,626
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 41 −24
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 138,707 1,682
7 Securities of euro area residents denominated in euro 1,053,791 10,462
  7.1 Securities held for monetary policy purposes 695,668 12,493
  7.2 Other securities 358,123 −2,032
8 General government debt denominated in euro 25,152 0
9 Other assets 218,293 −5
Total assets 2,664,996 11,762
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 1,053,867 3,287
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 632,707 18,934
  2.1 Current accounts (covering the minimum reserve system) 474,465 30,235
  2.2 Deposit facility 157,834 −11,557
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 408 256
3 Other liabilities to euro area credit institutions denominated in euro 5,011 4
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 199,202 −17,243
  5.1 General government 111,977 −19,668
  5.2 Other liabilities 87,225 2,424
6 Liabilities to non-euro area residents denominated in euro 43,008 4,689
7 Liabilities to euro area residents denominated in foreign currency 2,159 102
8 Liabilities to non-euro area residents denominated in foreign currency 5,048 130
  8.1 Deposits, balances and other liabilities 5,048 130
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 59,202 0
10 Other liabilities 216,857 1,862
11 Revaluation accounts 350,735 0
12 Capital and reserves 97,201 −1
Total liabilities 2,664,996 11,762
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