In the week ending 3 December 2021 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 321 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) fell by EUR 22.1 billion to EUR 1,413.1 billion, mainly owing to the change in the level of the deposit facility (liability item 2.2).
Base money (liability items 1, 2.1 and 2.2) increased by EUR 88.5 billion to EUR 6,144.3 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 3 December 2021 | Weekly change – purchases | Weekly change – redemptions |
Covered bond purchase programme 1 | EUR 0.4 billion | – | – |
Securities Markets Programme | EUR 6.5 billion | – | – |
Covered bond purchase programme 2 | EUR 2.4 billion | – | – |
Covered bond purchase programme 3 | EUR 298.5 billion | +EUR 1.1 billion | -EUR 0.5 billion |
Asset-backed securities purchase programme | EUR 28.9 billion | +EUR 0.2 billion | -EUR 0.1 billion |
Public sector purchase programme | EUR 2,484.1 billion | +EUR 6.7 billion | -EUR 5.2 billion |
Corporate sector purchase programme | EUR 307.8 billion | +EUR 1.0 billion | -EUR 0.4 billion |
Pandemic emergency purchase programme | EUR 1,547.2 billion | +EUR 17.8 billion | -EUR 7.1 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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