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Consolidated financial statement of the Eurosystem as at 5 June 2015

9 June 2015

Items not related to monetary policy operations

In the week ending 5 June 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) increased by EUR 0.3 billion to EUR 271.7 billion, on account of customer and portfolio transactions.

During the week, the Eurosystem did not conduct 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) increased by EUR 0.5 billion to EUR 373.9 billion. Banknotes in circulation (liability item 1) rose by EUR 3 billion to EUR 1,035 billion. Liabilities to general government (liability item 5.1) increased by EUR 0.1 billion to EUR 82.9 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) decreased by EUR 10.7 billion to EUR 385.9 billion. On Wednesday, 3 June 2015, a main refinancing operation (asset item 5.1) of EUR 100.1 billion matured and a new one of EUR 92.5 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (approximately the same as in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 102.1 billion (compared with EUR 98.9 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 15.4 billion to EUR 428.9 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 5 June 2015 Difference compared with 29 May 2015 – purchases Difference compared with 29 May 2015 – redemptions
Covered bond purchase programme 1 EUR 25.1 billion - -
Covered bond purchase programme 2 EUR 11.3 billion - -
Covered bond purchase programme 3 EUR 87.3 billion +EUR 2.2 billion -
Asset-backed securities purchase programme EUR 7.5 billion +EUR 0.3 billion -
Public sector purchase programme EUR 159.6 billion +EUR 12.9 billion -
Securities Markets Programme EUR 138.1 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 6.6 billion to EUR 322.8 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 383,966 0
2 Claims on non-euro area residents denominated in foreign currency 302,526 −169
  2.1 Receivables from the IMF 82,291 −1
  2.2 Balances with banks and security investments, external loans and other external assets 220,235 −168
3 Claims on euro area residents denominated in foreign currency 39,572 −10
4 Claims on non-euro area residents denominated in euro 21,523 −134
  4.1 Balances with banks, security investments and loans 21,523 −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 487,989 −7,559
  5.1 Main refinancing operations 92,519 −7,585
  5.2 Longer-term refinancing operations 395,367 0
  5.3 Fine-tuning reverse operations 0 0
  5.4 Structural reverse operations 0 0
  5.5 Marginal lending facility 103 26
  5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 135,060 3,477
7 Securities of euro area residents denominated in euro 802,812 15,859
  7.1 Securities held for monetary policy purposes 428,880 15,372
  7.2 Other securities 373,931 487
8 General government debt denominated in euro 25,742 0
9 Other assets 229,136 195
Total assets 2,428,326 11,660
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 1,035,043 3,026
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 424,845 9,722
  2.1 Current accounts (covering the minimum reserve system) 322,775 6,559
  2.2 Deposit facility 102,065 3,164
  2.3 Fixed-term deposits 0 0
  2.4 Fine-tuning reverse operations 0 0
  2.5 Deposits related to margin calls 6 0
3 Other liabilities to euro area credit institutions denominated in euro 5,322 83
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 146,127 −1,261
  5.1 General government 82,851 99
  5.2 Other liabilities 63,277 −1,360
6 Liabilities to non-euro area residents denominated in euro 30,647 1,994
7 Liabilities to euro area residents denominated in foreign currency 2,142 −185
8 Liabilities to non-euro area residents denominated in foreign currency 7,584 −251
  8.1 Deposits, balances and other liabilities 7,584 −251
  8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 60,656 0
10 Other liabilities 215,889 −2,218
11 Revaluation accounts 403,298 0
12 Capital and reserves 96,773 751
Total liabilities 2,428,326 11,660
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