FROM THE OFFICE OF PUBLIC AFFAIRS
April 27, 1999RR-3111
The Treasury Department today released U.S. reserve assets data for the week ending April 23, 1999.
As indicated in this table, U.S. reserve assets totaled $74,308 million as of April 23, 1999, down from $74,743 million as of April 16, 1999.
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U.S. Reserve Assets (millions of U.S. dollars) |
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|
Week Ending |
Total Reserve Assets |
Gold Stock |
Special Drawing Rights |
Foreign Currencies ESF SOMA |
Reserve Position in IMF |
|
|
April 16, 1999 |
74,743 |
11,049 |
9,697 |
15,161 |
15,172 |
23,666 |
|
April 23, 1999 |
74,308 |
11,049 |
9,649 |
15,033 |
15,027 |
23,550 |
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 April 16, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of April 23, 1999 (in italics) reflect preliminary adjustments by the Treasury to the April 16, 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.