The European Central Bank published the disaggregated financial statement of the Eurosystem as at 29 August 2025, providing an institution-by-institution breakdown across euro area national central banks and the ECB, alongside consolidation adjustments for intra-Eurosystem positions. On the asset side, securities of euro area residents denominated in euro totalled EUR 4,203,525 million, including EUR 3,905,140 million held for monetary policy purposes. Gold and gold receivables stood at EUR 972,472 million, while lending to euro area credit institutions related to monetary policy operations totalled EUR 22,775 million, including main refinancing operations of EUR 10,115 million and longer-term refinancing operations of EUR 12,311 million. On the liability side, banknotes in circulation were EUR 1,592,218 million and liabilities to euro area credit institutions related to monetary policy operations totalled EUR 2,824,469 million, comprising EUR 171,203 million in current accounts (minimum reserve system) and EUR 2,653,266 million in the deposit facility. The release also notes that “capital and reserves” can be negative for individual national central banks due to the inclusion of accumulated losses carried forward under this item.