FROM THE OFFICE OF PUBLIC AFFAIRS
August 31, 1999LS-78
The Treasury Department today released U.S. reserve assets data for the week ending August 27, 1999.
As this table indicates, U.S. reserve assets totaled $72,041 million as of August 27, 1999, down from $72,338 million as of August 20, 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 |
|
|
August 20, 1999 |
72,338 |
11,048 |
10,085 |
15,660 |
15,661 |
19,884 |
|
August 27, 1999 |
72,041 |
11,048 |
10,083 |
15,515 |
15,516 |
19,879 |
Notes:
Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of July 31, 1999. The June 30, 1999 value was $11,046 million.
Special Drawing Rights (SDR) holdings and the Reserve Position in the IMF are based on IMF data and valued in dollar terms at the official SDR/dollar exchange rate. Consistent with current reporting practices, IMF data for August 20, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of August 27, 1999 (in italics) reflect preliminary adjustments by the Treasury to the August 20, 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.