Consolidated financial position of the Eurosystem as at 7 January 2022

January 11, 2022

During the week ending 7 January 2022, the net position of the Eurosystem in foreign currencies (items 2 and 3 of the assets less items 7, 8 and 9 of the liabilities) decreased by EUR 2.4 billion to EUR 326.6 billion, due to customer and portfolio transactions and the maturity of dollar liquidity-providing transactions.

Following open market operations and the Eurosystem’s standing facilities, the net funding capacity of credit institutions (item 5 of the assets less items 2.2, 2.3, 2.4, 2.5 and 4 of the liabilities) increased from 134.4 billion euros to reach 1,554.5 billion euros. This is mainly due to the change in the level of deposit facility (position of responsibility 2.2).

Claims on non-euro area residents denominated in euros (asset item 4) decreased by EUR 3 billion to EUR 10 billion, mainly due to the maturing of Eurosystem operations providing euro liquidity to central banks not belonging to the euro zone (further information is available on the ECB’s website under the heading “Central bank liquidity lines”).

The monetary base (items 1, 2.1 and 2.2 of the liabilities) increased by 244 billion euros to reach 6,080.1 billion euros.

The table below shows the detailed breakdown of securities held for monetary policy purposes (item 7.1 of the assets) in the various portfolios. All portfolios are accounted for at amortized cost.

Marianne R. Winn