Consolidated financial statement of the Eurosystem as at 31 October 2014
Items not related to monetary policy operations
In the week ending 31 October 2014 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) increased by EUR 0.3 billion to EUR 227.7 billion on account of customer and portfolio transactions.
In the past week the Eurosystem has not conducted any liquidity-providing transactions 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 4.7 billion to EUR 364.2 billion. Banknotes in circulation (liability item 1) increased by EUR 4.1 billion to EUR 975.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 45.4 billion to EUR 56.8 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 12.4 billion to EUR 489.2 billion. On Wednesday, 29 October 2014, a main refinancing operation of EUR 92.9 billion matured and a new one of EUR 118.2 billion, with a maturity of one week, was settled.
During the week, a longer-term refinancing operation of EUR 6.8 billion matured and a new one of EUR 10.2 billion was settled, while EUR 5.7 billion of longer-term refinancing operations was repaid before maturity.
Recourse to the marginal lending facility (asset item 5.5) was EUR 1 billion (compared with EUR 0.2 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 38.4 billion (compared with EUR 27.1 billion in the preceding week).
The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 0.6 billion to EUR 192.9 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 31 October 2014 | Difference compared with last week - Purchases | Difference compared with last week - Redemptions |
Covered bond purchase programme 1 | EUR 30.4 billion | - | EUR 0.5 billion |
Covered bond purchase programme 2 | EUR 13.2 billion | - | EUR 0.2 billion |
Covered bond purchase programme 3 | EUR 4.8 billion | EUR 3.1 billion | - |
Securities Markets Programme | EUR 144.6 billion | - | EUR 1.8 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 41.6 billion to EUR 211.6 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 | 334,532 | 0 | |
2 | Claims on non-euro area residents denominated in foreign currency | 262,933 | −648 | |
2.1 | Receivables from the IMF | 84,285 | −1 | |
2.2 | Balances with banks and security investments, external loans and other external assets | 178,648 | −647 | |
3 | Claims on euro area residents denominated in foreign currency | 27,904 | 1,034 | |
4 | Claims on non-euro area residents denominated in euro | 22,340 | 1,134 | |
4.1 | Balances with banks, security investments and loans | 22,340 | 1,134 | |
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 | 527,627 | 23,724 | |
5.1 | Main refinancing operations | 118,152 | 25,234 | |
5.2 | Longer-term refinancing operations | 408,472 | −2,286 | |
5.3 | Fine-tuning reverse operations | 0 | 0 | |
5.4 | Structural reverse operations | 0 | 0 | |
5.5 | Marginal lending facility | 1,003 | 803 | |
5.6 | Credits related to margin calls | 0 | −27 | |
6 | Other claims on euro area credit institutions denominated in euro | 59,831 | −1,006 | |
7 | Securities of euro area residents denominated in euro | 557,088 | −4,089 | |
7.1 | Securities held for monetary policy purposes | 192,933 | 583 | |
7.2 | Other securities | 364,154 | −4,672 | |
8 | General government debt denominated in euro | 26,727 | 0 | |
9 | Other assets | 233,088 | −862 | |
Total assets | 2,052,070 | 19,287 |
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 | 975,233 | 4,127 | |
2 | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | 250,027 | 52,876 | |
2.1 | Current accounts (covering the minimum reserve system) | 211,585 | 41,580 | |
2.2 | Deposit facility | 38,415 | 11,288 | |
2.3 | Fixed-term deposits | 0 | 0 | |
2.4 | Fine-tuning reverse operations | 0 | 0 | |
2.5 | Deposits related to margin calls | 27 | 8 | |
3 | Other liabilities to euro area credit institutions denominated in euro | 4,781 | 25 | |
4 | Debt certificates issued | 0 | 0 | |
5 | Liabilities to other euro area residents denominated in euro | 93,070 | −40,971 | |
5.1 | General government | 56,837 | −45,393 | |
5.2 | Other liabilities | 36,234 | 4,423 | |
6 | Liabilities to non-euro area residents denominated in euro | 39,122 | 2,956 | |
7 | Liabilities to euro area residents denominated in foreign currency | 1,346 | 234 | |
8 | Liabilities to non-euro area residents denominated in foreign currency | 6,282 | −122 | |
8.1 | Deposits, balances and other liabilities | 6,282 | −122 | |
8.2 | Liabilities arising from the credit facility under ERM II | 0 | 0 | |
9 | Counterpart of special drawing rights allocated by the IMF | 55,494 | 0 | |
10 | Other liabilities | 215,866 | 160 | |
11 | Revaluation accounts | 315,537 | 0 | |
12 | Capital and reserves | 95,313 | 1 | |
Total liabilities | 2,052,070 | 19,287 |
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