Consolidated financial statement of the Eurosystem as at 4 September 2015

Items not related to monetary policy operations

In the week ending 4 September 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 0.2 billion to EUR 264.4 billion, on account of customer and portfolio transactions and US dollar liquidity-providing operations (see below).

US dollar liquidity operations

The liquidity-providing transactions were conducted by the Eurosystem 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 0.3 billion to EUR 359.5 billion. Banknotes in circulation (liability item 1) increased by EUR 1 billion to EUR 1,055.1 billion. Liabilities to general government (liability item 5.1) decreased by EUR 17.3 billion to EUR 49.7 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 13.7 billion to EUR 360.2 billion. On Wednesday, 2 September 2015, a main refinancing operation (asset item 5.1) of EUR 70.1 billion matured and a new one of EUR 71 billion, with a maturity of seven days, was settled.

Recourse to the marginal lending facility (asset item 5.5) was EUR 0.1 billion (compared with EUR 2.2 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 167 billion (compared with EUR 154.4 billion in the previous week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 13.2 billion to EUR 585.6 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 11.2 billion to EUR 449.7 billion.

Correction to the WFS published on 1 September 2015

It should be noted with respect to the consolidated weekly financial statement of the Eurosystem as at 28 August 2015 (published on 1 September 2015) that other assets (asset item 9) should have shown a balance of EUR 228,196 million, instead of EUR 227,346 million, and that banknotes in circulation (liability item 1) should have read EUR 1,054,084 million, instead of EUR 1,053,233 million.