RR-3228: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

June 29, 1999
RR-3228

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending June 25, 1999.

As this table indicates, U.S. reserve assets totaled $71,988 million as of June 25, 1999, up from $71,944 million as of June 18.

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 18, 1999	71,944	11,049	9,747	14,795	14,796	21,556
June 25, 1999	71,988	11,049	9,758	14,801	14,801	21,580

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 18, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of June 25, 1999 (in italics) reflect preliminary adjustments by the Treasury to the June 18, 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.