RR-3130: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

May 4, 1999
RR-3130

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending April 30, 1999.

As indicated in this table, U.S. reserve assets totaled $73,681 million as of April 30, 1999, down from $73,833 million as of April 23, 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
April 23, 1999	73,833	11,049	9,649	15,033	15,027	23,076
April 30, 1999	73,681	11,049	9,635	14,981	14,976	23,041

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 23, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of April 30, 1999 (in italics) reflect preliminary adjustments by the Treasury to the April 23, 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.