Banque de France : Consolidated financial statement of the Eurosystem as at 18 September 2020

PRESS RELEASE

22 September 2020

Consolidated financial statement of the Eurosystem as at 18 September 2020

In the week ending 18 September 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.2 billion to EUR 314.6 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) increased by EUR 171.3 billion to EUR 1,267.9 billion.

Base money (liability items 1, 2.1 and 2.2) decreased by EUR 62.3 billion to EUR 4,446.6 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.

Monetary policy securities	Reported value as at	Weekly change -	Weekly change -
portfolios	18 September 2020	purchases	redemptions
Covered bond purchase	EUR 0.5 billion	-	-
programme 1
Securities Markets Programme	EUR 32.6 billion	-	-
Covered bond purchase	EUR 2.8 billion	-	-
programme 2
Covered bond purchase	EUR 286.0 billion	+EUR 1.5 billion	-EUR 0.8 billion
programme 3
Asset-backed securities purchase	EUR 29.5 billion	+EUR 0.1 billion	-EUR 0.2 billion
programme
Public sector purchase	EUR 2,285.9 billion	+EUR 9.7 billion	-EUR 3.6 billion
programme
Corporate sector purchase	EUR 233.1 billion	+EUR 2.4 billion	-EUR 0.4 billion
programme
Pandemic emergency purchase	EUR 542.7 billion	+EUR 16.8 billion	-EUR 0.7 billion
programme

PRESS RELEASE / 22 September 2020

Consolidated financial statement of the Eurosystem as at 18 September 2020

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).

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Weekly consolidated financial statement of the Eurosystem as at 18 September 2020

(in EUR millions)

Assets	Balance as at	Difference compared
			18 September 2020	with last week due to
				transactions
1	Gold and gold receivables	548 769	0
2	Claims on non-euro area residents denominated in foreign currency	360 366	1 048
	2.1	Receivables from the IMF	85 804	-12
	2.2	Balances with banks and security investments, external loans and other external assets	274 562	1 060
3	Claims on euro area residents denominated in foreign currency	24 061	-1 467
4	Claims on non-euro area residents denominated in euro	11 683	-327
	4.1	Balances with banks, security investments and loans	11 683	-327
	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	1 596 724	13
	5.1	Main refinancing operations	1 679	13
	5.2	Longer-term refinancing operations	1 595 045	0
	5.3	Fine-tuning reverse operations	0	0
	5.4	Structural reverse operations	0	0
	5.5	Marginal lending facility	0	0
	5.6	Credits related to margin calls	0	0
6	Other claims on euro area credit institutions denominated in euro	37 519	1 780
7	Securities of euro area residents denominated in euro	3 613 795	24 491
	7.1	Securities held for monetary policy purposes	3 412 980	24 748
	7.2	Other securities	200 815	-257
8	General government debt denominated in euro	22 804	0
9	Other assets	286 701	2 272
Total assets	6 502 422	27 811
Totals / sub-totals may not add up, due to rounding.

Liabilities	Balance as at	Difference compared
	18 September 2020	with last week due to
		transactions

1	Banknotes in circulation	1 385 650	-14
2	Liabilities to euro area credit institutions related to monetary policy operations denominated in	3 060 908	-62 316
euro
	2.1	Current accounts (covering the minimum reserve system)	2 732 134	108 991
	2.2	Deposit facility	328 774	-171 307
	2.3	Fixed-term deposits	0	0
	2.4	Fine-tuning reverse operations	0	0
	2.5	Deposits related to margin calls	0	0
3	Other liabilities to euro area credit institutions denominated in euro	7 449	1 289
4	Debt certificates issued	0	0
5	Liabilities to other euro area residents denominated in euro	836 114	89 017
	5.1	General government	784 367	93 933
	5.2	Other liabilities	51 747	-4 916
6	Liabilities to non-euro area residents denominated in euro	206 017	-3 413
7	Liabilities to euro area residents denominated in foreign currency	5 800	118
8	Liabilities to non-euro area residents denominated in foreign currency	6 910	-305
	8.1	Deposits, balances and other liabilities	6 910	-305
	8.2	Liabilities arising from the credit facility under ERM II	0	0
9	Counterpart of special drawing rights allocated by the IMF	57 110	0
10 Other liabilities	284 600	3 435
11 Revaluation accounts	542 941	0
12 Capital and reserves	108 922	0

Total liabilities

6 502 422

27 811

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