Consolidated financial statement of the Eurosystem as at 23 January 2026

In the week ending 23 January 2026 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.5 billion to EUR 332.1 billion.
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) rose by EUR 11.3 billion to EUR 2,452.9 billion. This was primarily due to the change in the level of the deposit facility (liability item 2.2).
Base money (liability items 1, 2.1 and 2.2) decreased by EUR 15.9 billion to EUR 4,238.4 billion.
The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All debt securities held in these portfolios are accounted for at amortised cost.

Published on the 27th of January 2026

Table 1

Monetary policy securities portfolios	Reported value as at 23 January 2025	Weekly change – purchases ^[1]	Weekly change – redemptions
Securities Markets Programme	EUR 0.7 billion
Covered bond purchase programme 3	EUR 207.2 billion		-EUR 0.8 billion
Asset-backed securities purchase programme	EUR 2.9 billion		-EUR 0.1 billion
Public sector purchase programme	EUR 1,853.5 billion		-EUR 0.4 billion
Corporate sector purchase programme	EUR 249.1 billion	-EUR 0.2 billion	-EUR 0.6 billion
Pandemic emergency purchase programme	EUR 1,417.3 billion		-EUR 0.2 billion

^[1] With the discontinuation of the reinvestments under the asset purchase programme, this column may sometimes show negative amounts. These are expected to be infrequent and would result from sales of securities conducted, for instance, for risk management purposes.

The content and format of the weekly financial statement are set out in Annexes IV to VI of Guideline (EU) 2024/2941 of the European Central Bank of 14 November 2024 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2024/31).

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Updated on the 27th of January 2026