RR-3157: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

May 18, 1999
RR-3157

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending May 14, 1999.

As indicated in this table, U.S. reserve assets totaled $72,330 million as of May 14, 1999, down from $72,940 million as of May 7, 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
May 7, 1999	72,940	11,049	9,883	15,042	15,037	21,929
May 14, 1999	72,330	11,049	9,820	14,839	14,835	21,789

Notes:

Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of March 31, 1999. The February 28, 1999 value was $11,047 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 May 7, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of May 14, 1999 (in italics) reflect preliminary adjustments by the Treasury to the May 7, 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.