Consolidated financial statement of the Eurosystem as at 17 March 2023

Europe

In the week ending 17 March 2023 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 324.3 billion.

The net balance of open market operations and standing facilities (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) rose by EUR 218.7 billion to EUR -2,719.1 billion. This was due primarily to the change in the level of the deposit facility (liability item 2.2).

Base money (liability items 1, 2.1 and 2.2) decreased by EUR 159.4 billion to EUR 5,729.2 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.

Table 1

Monetary policy securities portfolios Reported value as at 17 March 2023 Weekly change – purchases [1] Weekly change – redemptions
Securities Markets Programme EUR 2.9 billion
Covered bond purchase programme 3 EUR 302.9 billion +EUR 0.6 billion -EUR 1.2 billion
Asset-backed securities purchase programme EUR 20.1 billion -EUR 0.1 billion
Public sector purchase programme EUR 2,577.6 billion +EUR 4.4 billion -EUR 9.9 billion
Corporate sector purchase programme EUR 343.0 billion +EUR 0.8 billion -EUR 0.9 billion
Pandemic emergency purchase programme EUR 1,683.7 billion +EUR 5.6 billion -EUR 5.5 billion

[1] As purchase volumes decline during the partial reinvestment phase of the asset purchase programme portfolio, this column may sometimes show negative amounts. These are expected to be infrequent and would result from sales of securities conducted, for instance, for risk management purposes.

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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