CONSOLIDATED FINANCIAL STATEMENT OF THE EUROSYSTEM AS AT 24 OCTOBER 2014

Items not related to monetary policy operations

In the week ending 24 October 2014 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 227.4 billion on account of customer and portfolio transactions.

In the past week the Eurosystem has not conducted 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 billion to EUR 368.8 billion. Banknotes in circulation (liability item 1) decreased by EUR 1.8 billion to EUR 971.1 billion. Liabilities to general government (liability item 5.1) increased by EUR 26.6 billion to EUR 102.2 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 6.6 billion to EUR 476.8 billion. On Wednesday, 22 October 2014, a main refinancing operation of EUR 82.5 billion matured and a new one of EUR 92.9 billion, with a maturity of one week, was settled.

During the week, EUR 5.8 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 0.1 billion in the preceding week), while recourse to the deposit facility (liability item 2.2) was EUR 27.1 billion (compared with EUR 29 billion in the preceding week).

The holdings by the Eurosystem of securities held for monetary policy purposes (asset item 7.1) increased by EUR 1.1 billion to EUR 192.4 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.

28 October 2014

Monetary policy securities portfolios

Reported value as at 24 October 2014

Difference compared with last week

Purchases

Redemptions

Covered bond purchase programme 1

EUR 30.9 billion

-

EUR 0.5 billion

Covered bond purchase programme 2

EUR 13.4 billion

-

EUR 0.1 billion

Covered bond purchase programme 3

EUR 1.7 billion

EUR 1.7 billion

-

Securities Markets Programme

EUR 146.4 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) decreased by EUR 14.8 billion to EUR 170 billion.

European Central Bank

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