The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) rose by EUR 3.4 billion to EUR 319 billion. This change was due mainly to the positive effects of the quarterly revaluation of assets and liabilities of EUR 3.7 billion, which more than offset a decrease of EUR 0.3 billion on account of customer and portfolio transactions.
The net balance of open market operations and standing facilities (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) increased by EUR 70.9 billion to -EUR 3,053.6 billion. This was due primarily to the change in the level of the deposit facility (liability item 2.2) and the longer-term refinancing operations (asset item 5.2).
Base money (liability items 1, 2.1 and 2.2) fell by EUR 289.2 billion to EUR 4,929.8 billion.
The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All portfolios are accounted for at amortised cost.
