The liability side of the balance sheet, also summarized in slide 1, primarily consists of currency (Federal Reserve notes)  1  Ben S. Bernanke (2009), "The Federal Reserve's Balance Sheet," speech delivered at "Looking Forward: Rebuilding the Credit Markets." the 2009 Credit Markets Symposium sponsored by the Federal Reserve Bank of Richmond, held in Charlotte, N.C., April 2-3.
Market-based funding conditions have also improved significantly in response to the corporate sector purchase programme we launched in June 2016. Against the backdrop of this substantial easing of financing conditions, domestic demand has become the mainstay of euro area economic growth, making it more resilient to developments overseas. Meanwhile, real GDP growth is projected to remain above potential growth in the coming years.