European Central Bank reports weekly balance sheet down EUR 19,650 million as monetary policy securities fall and refinancing credit rises

The European Central Bank published weekly balance sheet data showing total assets and total liabilities at EUR 6,196,001 million, down EUR 19,650 million compared with the previous week. On the asset side, the largest move was a EUR 25,335 million decline in securities of euro area residents denominated in euro to EUR 3,856,865 million, including a EUR 24,709 million fall in securities held for monetary policy purposes to EUR 3,522,230 million. Lending to euro area credit institutions related to monetary policy operations denominated in euro increased by EUR 6,049 million to EUR 32,381 million, mainly reflecting higher main refinancing operations and longer-term refinancing operations. On the liability side, liabilities to euro area credit institutions related to monetary policy operations denominated in euro fell by EUR 59,373 million to EUR 2,425,854 million. This was driven by an EUR 83,685 million decline in the deposit facility to EUR 2,231,506 million, partly offset by a EUR 24,312 million increase in current accounts to EUR 194,348 million. Banknotes in circulation rose by EUR 4,762 million to EUR 1,620,206 million, while liabilities to other euro area residents denominated in euro increased by EUR 20,392 million to EUR 215,590 million and liabilities to non-euro area residents denominated in euro rose by EUR 17,511 million to EUR 151,489 million.