Consolidated financial statement of the Eurosystem as at 16 March 2018: commentary

Economy - published on 21 March 2018

Source: European Central Bank

1. Consolidated financial statement of the Eurosystem as at 16 March 2018: commentary [pdf, 104.2 KB]

In the week ending 16 March 2018 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 0.1 billion to EUR 255.5 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 20.4 billion to EUR 97.6 billion. Base money (liability items 1, 2.1 and 2.2) decreased by EUR 62.3 billion to EUR 3,109.4 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 portfolios Reported value as at 16 March 2018 Weekly change – purchases Weekly change – redemptions Covered bond purchase programme 1 EUR 5.8 billion – – Covered bond purchase
programme 2 EUR 4.5 billion – – Covered bond purchase programme 3 EUR 249.6 billion +EUR 1.0 billion -EUR 0.2 billion Asset-backed securities purchase programme EUR 26.3 billion +EUR 0.9 billion
-EUR 0.1 billion Corporate sector purchase programme EUR 146.2 billion +EUR 1.3 billion -EUR 0.0 billion Public sector purchase programme EUR 1,943.7 billion +EUR 6.2 billion -EUR 2.7 billion
Securities Markets Programme EUR 85.0 billion – –

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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