Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

March 13, 2002
PO-1096

U.S. International Reserve Position

The Treasury Department today released U.S. reserve assets data for the week ending March 8, 2002. As indicated in this table, U.S. reserve assets totaled $68,232 as of the end of that week, compared to $67,793 million as of the end of the prior week.

(in US millions)

I. Official U.S. Reserve Assets

March 1, 2002

March 8, 2002

TOTAL

67,793

68,232

1. Foreign Currency Reserves 1

Euro

Yen

TOTAL

Euro

Yen

TOTAL

a. Securities

5,380

10,310

15,690

5,400

10,631

16,031

Of which, issuer headquartered in the U.S.

 

 

0

 

 

0

b. Total deposits with:

b.i. Other central banks and BIS

9,074

3,977

13,050

9,128

4,101

13,228

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

 

 

17,214

 

 

17,165

3. Special Drawing Rights (SDRs) 2

 

 

10,794

 

 

10,763

4. Gold Stock 3

 

 

11,045

 

 

11,045

5. Other Reserve Assets

 

 

0

 

 

0

 

II. Predetermined Short-Term Drains on Foreign Currency Assets

 

March 1, 2002

March 8, 2002

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

 

March 1, 2002

March 8, 2001

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 entries for the latest week (shown in italics in the table above) reflect any necessary adjustments, including revaluation, by the U.S. Treasury to the prior week’s IMF data.  The IMF data for the prior week are final.

3/ Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of January 31, 2002. The December 31, 2001 value was $11,045 million.