European Central Bank weekly financial statement shows EUR 6.14tn balance sheet and reduced monetary policy securities holdings

The European Central Bank published its weekly financial statement, reporting a consolidated balance sheet total of EUR 6,143,717 million, down EUR 8,710 million from the previous week due to transactions. The decline mainly reflected lower securities held for monetary policy purposes, partly offset by higher lending to euro area credit institutions via monetary policy operations. On the asset side, securities of euro area residents denominated in euro fell to EUR 4,082,148 million (down EUR 18,568 million), driven by a EUR 19,957 million reduction in securities held for monetary policy purposes to EUR 3,769,203 million. Lending to euro area credit institutions related to monetary policy operations increased to EUR 24,580 million (up EUR 2,529 million), with main refinancing operations at EUR 12,068 million (up EUR 538 million), longer-term refinancing operations at EUR 11,162 million (up EUR 1,350 million), and the marginal lending facility at EUR 1,350 million (up EUR 641 million). On the liabilities side, banknotes in circulation rose to EUR 1,595,274 million (up EUR 3,825 million), while liabilities to euro area credit institutions related to monetary policy operations decreased to EUR 2,635,991 million (down EUR 30,487 million), reflecting a drop in the deposit facility to EUR 2,464,210 million (down EUR 35,778 million) alongside higher current accounts to EUR 171,781 million (up EUR 5,291 million). The ECB indicated that annexes and a commentary are scheduled for 2 December 2025.