The European Central Bank published its weekly balance sheet, reporting total assets and liabilities of EUR 6,393.7bn, down EUR 14.4bn from the previous week due to transactions. The main movements reflected a decline in securities held for monetary policy purposes and a large shift in euro area credit institution balances from the deposit facility into current accounts. On the asset side, securities of euro area residents denominated in euro fell EUR 12.9bn to EUR 4,510.6bn, driven by a EUR 14.1bn decrease in securities held for monetary policy purposes to EUR 4,248.1bn, partly offset by a EUR 1.2bn increase in other securities to EUR 262.5bn. Lending to euro area credit institutions related to monetary policy operations rose EUR 4.6bn to EUR 31.0bn, with main refinancing operations up EUR 2.8bn to EUR 11.9bn and longer-term refinancing operations up EUR 1.9bn to EUR 19.1bn. On the liability side, monetary policy operation liabilities to euro area credit institutions declined EUR 75.4bn to EUR 3,033.2bn, as the deposit facility fell EUR 126.7bn to EUR 2,835.9bn while current accounts increased EUR 51.3bn to EUR 197.3bn; liabilities to other euro area residents in euro increased EUR 34.1bn to EUR 211.2bn, including a EUR 32.3bn rise in general government deposits to EUR 130.8bn. The release references annexes and a commentary dated 4 February 2025.