Consolidated financial statement of the Eurosystem as at 24 June 2016

Items not related to monetary policy operations

In the week ending 24 June 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) increased by EUR 0.9 billion to EUR 264.5 billion. This change was due to the customer and portfolio transactions carried out by Eurosystem central banks during the period under review.

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 346.1 billion. Banknotes in circulation (liability item 1) increased by EUR 0.5 billion to EUR 1,082.2 billion. Liabilities to general government (liability item 5.1) increased by EUR 49.2 billion to EUR 233 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 24.3 billion to EUR 203.3 billion. On Wednesday, 22 June 2016, a main refinancing operation (asset item 5.1) of EUR 49.1 billion matured and a new one of EUR 49.9 billion, with a maturity of one week, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (virtually unchanged from the previous week), while recourse to the deposit facility (liability item 2.2) was EUR 297.6 billion (compared with EUR 321.2 billion in the preceding week). The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 21.5 billion to EUR 1,212.9 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.

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 1.9 billion to EUR 613.1 billion.