Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

January 3, 2002
PO-897

U.S. International Reserve Position

U.S. International Reserve Position Week Ending December 14, 2001

The Treasury Department today released U.S. reserve assets data for the week ending December 14, 2001. As indicated in this table, U.S. reserve assets totaled $69,771 as of December 14, compared to $69,646 million as of December 7, 2001.

I. Official U.S. Reserve Assets (in US millions)
TOTAL December 7, 2001 December 14, 2001
69,646 69,771
1. Foreign Currency Reserves 1 Euro Yen TOTAL Euro Yen TOTAL
a. Securities 5,471 11,085 16,555 5,565 10, 947 16,512
Of which, issuer headquartered in the U.S.     0     0
b. Total deposits with:
b.i. Other central banks and BIS 9,211 3,945 13,156 9,361 3,896 13,257
b.ii. Banks headquartered in the U.S.     0     0
b.ii. Of which, banks located abroad     0     0
b.iii. Banks headquartered outside the U.S.     0     0
b.iii. Of which, banks located in the U.S.     0     0
2. IMF Reserve Position 2     18,025     18,067
3. Special Drawing Rights (SDRs) 2     10,865     10,891
4. Gold Stock 3     11,045     11,045
5. Other Reserve Assets     0     0

II. Predetermined Short-Term Drains on Foreign Currency Assets
  December 7, 2001 December 14, 2001
Euro Yen TOTAL Euro Yen TOTAL

1. Foreign currency loans and securities

     0     0

2. Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the U.S. dollar:
2.a. Short positions     0     0
2.b. Long positions     0     0

3. Other

     0     0

III. Contingent Short-Term Net Drains on Foreign Currency Assets
  December 7, 2001 December 14, 2001
Euro Yen TOTAL Euro Yen TOTAL
1. Contingent liabilities in foreign currency     0     0
1.a. Collateral guarantees on debt due within 1 year            
1.b. Other contingent liabilities            
2. Foreign currency securities with embedded options     0     0
3. Undrawn, unconditional credit lines     0     0
3.a. With other central banks            
3.b. With banks and other financial institutions            
Headquartered in the U.S.            
3.c. With banks and other financial institutions            
Headquartered outside the U.S.            
4. Aggregate short and long positions of options in foreign            
Currencies vis-à-vis the U.S. dollar     0     0
4.a. Short positions            
4.a.1. Bought puts            
4.a.2. Written calls            
4.b. Long positions            
4.b.1. Bought calls            
4.b.2. Written puts            

Notes:

1/ Includes holdings of the Treasury's Exchange Stabilization Fund (ESF) and the Federal Reserve's System Open Market Account (SOMA), valued at current market exchange rates. Foreign currency holdings listed as securities reflect marked-to-market values, and deposits reflect carrying values.

2/ The items, "2. IMF Reserve Position" and "3. Special Drawing Rights (SDRs)," are based on data provided by the IMF and are valued in dollar terms at the official SDR/dollar exchange rate for the reporting date. The IMF data for December 7 are final. The entries in the table above for December 14 (shown in italics) reflect any necessary adjustments, including revaluation, by the U.S. Treasury to the prior week’s IMF data.

3/ Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of October 31, 2001. The September 30, 2001 value was $11,045 million.