ECB Balance Sheet Data: Another Week of Expansion

4 August 2020

(EconoStream) The ECB released its weekly balance sheet data today. Overall assets were +€9.4 bn to €6,360.8 bn total. Of this, securities held for QE was +€15.0 bn and lending ops was -€0.5 bn (MROs +€0.0 bn, LTROs -€0.5 bn). In other items, non-Euro claims on EuroArea residents was -€0.5 bn and on non-EuroArea residents -€0.2 bn. Non-QE securities buying was -€0.3 bn and "other" assets -€1.1 bn. Looking at the various asset purchase programmes, total gross buying last week was €27.1 bn (€5.42 per day) compared to €15.1 bn net buying reported yesterday, driven by chunky PSPP redemptions. Covered (CBPP3): +0.7 bn gross buying vs -1.3 bn redemptions ABS (ABSPP): +0.0 bn gross buying vs -0.1 bn redemptions Public (PSPP): +7.7 bn gross buying vs -9.4 bn redemptions Corps (CSPP): +0.0 bn gross buying vs 0 bn redemptions Pandemic (PEPP): +18.7 bn gross buying vs -1.2 bn redemptions