The European Central Bank published its weekly financial statement, showing total assets and liabilities of EUR 6,155,306 million, down EUR 12,955 million from the previous week due to transactions. The week-on-week contraction was driven mainly by lower securities holdings and a decline in liquidity parked in the deposit facility. On the asset side, securities of euro area residents denominated in euro fell by EUR 8,871 million to EUR 3,951,334 million, including a EUR 10,747 million drop in securities held for monetary policy purposes to EUR 3,615,748 million. Lending to euro area credit institutions related to monetary policy operations increased by EUR 575 million to EUR 21,664 million, entirely through main refinancing operations, while claims on non-euro area residents denominated in foreign currency declined by EUR 542 million to EUR 508,361 million. On the liability side, the deposit facility decreased by EUR 45,463 million to EUR 2,335,765 million, partly offset by an increase of EUR 28,783 million in current accounts to EUR 200,101 million and a EUR 437 million rise in banknotes in circulation to EUR 1,609,674 million.