LS-3: Weekly Release of U.S. Reserve Assets

FROM THE OFFICE OF PUBLIC AFFAIRS

July 6, 1999
LS-3

Weekly Release of U.S. Reserve Assets

The Treasury Department today released U.S. reserve assets data for the week ending July 2, 1999.

As this table indicates, U.S. reserve assets totaled $71,499 million as of July 2, 1999, down from $71,822 million as of June 25, 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
June 25, 1999	71,822	11,049	9,712	14,801	14,801	21,459
July 2, 1999	71,499	11,049	9,690	14,676	14,675	21,409

Notes:

Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of May 31, 1999. The April 30, 1999 value was $11,049 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 June 25, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of July 2, 1999 (in italics) reflect preliminary adjustments by the Treasury to the June 25, 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.