Consolidated financial statement of the Eurosystem as at 22 June 2018: commentary

26 June 2018

In the week ending 22 June 2018 gold and gold receivables (asset item 1) decreased by EUR 41 million owing to the sale of gold by one Eurosystem national central bank for the purpose of producing a commemorative coin.

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 2.4 billion to EUR 253.9 billion.

As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) rose by EUR 0.2 billion to EUR 115.6 billion.

Base money (liability items 1, 2.1 and 2.2) decreased by EUR 31.6 billion to EUR 3,129.3 billion.

The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All portfolios are accounted for at amortised cost.

The content and format of the weekly financial statement are set out in Annexes IV to VI of Guideline (EU) 2016/2249 of the European Central Bank of 3 November 2016 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2016/34).