RR-3078: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

April 13, 1999
RR-3078

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending April 9, 1999.

As indicated in this table, U.S. reserve assets totaled $73,895 million as of April 9, 1999, down from $74,047 million as of April 2, 1999.

U.S. Reserve Assets (millions of U.S. dollars)
Week Ending	Total Reserve Assets	Gold Stock	Special Drawing Rights	*Foreign Currencies* ESF SOMA		Reserve Position in IMF
April 2, 1999	74,047	11,047	9,682	15,045	15,032	23,242
April 9, 1999	73,895	11,047	9,652	15,019	15,006	23,170

Notes:

Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of February 28, 1999. The January 31, 1999 value was $11,048 million.

Special Drawing Rights (SDR) holdings and the Reserve Position in the IMF are based on IMF data and revalued in dollar terms at the official SDR/dollar exchange rate. Consistent with current reporting practices, IMF data for April 2, 999 are final. Data for SDR holdings and the reserve position in the IMF shown as of April 9, 1999 (in italics) reflect preliminary adjustments by the Treasury to the April 2, 1999 IMF data.

Foreign Currencies includes holdings of the Treasury's Exchange Stabilization Fund (ESF) and the Federal Reserve's System Open Market Account (SOMA). These holdings are valued at current market exchange rates or, where appropriate, at such other rates as may be agreed upon by the parties to the transactions.