LS-226: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

November 9, 1999
LS-226

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending November 5, 1999.

As this table indicates, U.S. reserve assets totaled $72,644 million as of November 5, 1999, as compared with $73,228 million as of October 29, 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
October 29, 1999	73,228	11,047	10,232	16,187	16,190	19,571
November 5, 1999	72,644	11,047	10,204	15,936	15,936	19,517

Notes:

Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of September 30, 1999. The August 31, 1999 value was $11,046 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 October 29, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of November 5, 1999 (in italics) reflect preliminary adjustments by the Treasury to the October 29, 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.