RR-3193: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

June 8, 1999
RR-3193

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending June 4, 1999.

As indicated in this table, U.S. reserve assets totaled $71,697 million as of June 4, 1999, down from $72,122 million as of May 28, 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
May 21, 1999	72,122	11,049	9,784	14,799	14,800	21,689
May 28, 1999	71,697	11,049	9,735	14,666	14,668	21,579

Notes:

Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of April 30, 1999. The March 31, 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 May 28, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of June 4, 1999 (in italics) reflect preliminary adjustments by the Treasury to the May 28, 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.