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Consolidated financial statement of the Eurosystem as at 30 January 2015

3 February 2015

Items not related to monetary policy operations

In the week ending 30 January 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 0.6 billion to EUR 244 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 1.4 billion to EUR 376.3 billion. Banknotes in circulation (liability item 1) rose by EUR 1.9 billion to EUR 1,004.2 billion. Liabilities to general government (liability item 5.1) decreased by EUR 4.8 billion to EUR 76.3 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 24.9 billion to EUR 542.5 billion. On Wednesday, 28 January 2015, a main refinancing operation of EUR 125.3 billion matured and a new one of EUR 163.8 billion, with a maturity of seven days, was settled.

During the week, a longer-term refinancing operation of EUR 49 billion matured and a new one of EUR 34.1 billion was settled. In addition, EUR 14.8 billion of longer-term refinancing operations was repaid before maturity.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.2 billion (compared with EUR 1.6 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 36.6 billion (compared with EUR 54.5 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 2.4 billion to EUR 227.1 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 January 2015 Difference compared with 23 January 2015 – purchases Difference compared with 23 January 2015 – redemptions
Covered bond purchase programme 1 EUR 27.5 billion - EUR 0.7 billion
Covered bond purchase programme 2 EUR 12.7 billion - -
Covered bond purchase programme 3 EUR 40.3 billion EUR 3.1 billion -
Asset-backed securities purchase programme EUR 2.3 billion EUR 0.1 billion -
Securities Markets Programme EUR 144.3 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 38.1 billion, to EUR 227.4 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 343,867 0
2 Claims on non-euro area residents denominated in foreign currency 273,726 −1,190
2.1 Receivables from the IMF 81,262 −6
2.2 Balances with banks and security investments, external loans and other external assets 192,464 −1,185
3 Claims on euro area residents denominated in foreign currency 35,549 2,689
4 Claims on non-euro area residents denominated in euro 18,597 84
4.1 Balances with banks, security investments and loans 18,597 84
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 579,646 7,501
5.1 Main refinancing operations 163,821 38,565
5.2 Longer-term refinancing operations 415,608 −29,658
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 217 −1,406
5.6 Credits related to margin calls 0 0
6 Other claims on euro area credit institutions denominated in euro 62,134 3,429
7 Securities of euro area residents denominated in euro 603,358 3,805
7.1 Securities held for monetary policy purposes 227,107 2,447
7.2 Other securities 376,251 1,358
8 General government debt denominated in euro 26,715 0
9 Other assets 238,362 5,841
Total assets 2,181,954 22,158
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 1,004,230 1,921
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 264,523 20,769
2.1 Current accounts (covering the minimum reserve system) 227,385 38,127
2.2 Deposit facility 36,557 −17,936
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 581 578
3 Other liabilities to euro area credit institutions denominated in euro 5,556 −192
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 111,448 −3,258
5.1 General government 76,284 −4,764
5.2 Other liabilities 35,164 1,506
6 Liabilities to non-euro area residents denominated in euro 84,378 −2,367
7 Liabilities to euro area residents denominated in foreign currency 1,539 −98
8 Liabilities to non-euro area residents denominated in foreign currency 7,328 950
8.1 Deposits, balances and other liabilities 7,328 950
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 56,374 0
10 Other liabilities 220,434 4,432
11 Revaluation accounts 330,898 0
12 Capital and reserves 95,245 0
Total liabilities 2,181,954 22,158
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