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FROM THE OFFICE OF PUBLIC AFFAIRS March 23, 1999RR-3052
The Treasury Department today released U.S. reserve assets data for the week ending March 26, 1999. As indicated in this table, U.S. reserve assets totaled 74,102 million as of March 26, 1999, down from $74,997 million as of March 19, 1999.
Notes: Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of February 28, 1999. The January 31, 1999 value was $11,048 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 March 19, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of March 26, 1999 (in italics) reflect preliminary adjustments by the Treasury to the March 19, 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.
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