RR-3215: WEEKLY RELEASE OF U.S. RESERVE ASSETS

FROM THE OFFICE OF PUBLIC AFFAIRS

June 22, 1999
RR-3215

WEEKLY RELEASE OF U.S. RESERVE ASSETS

The Treasury Department today released U.S. reserve assets data for the week ending June 18, 1999.

As this table indicates, U.S. reserve assets totaled $72,087 million as of June 18, 1999, down from $72,739 million as of June 4.

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 11, 1999	72,739	11,049	9,796	15,047	15,049	21,798
June 18, 1999	72,087	11,049	9,750	14,795	14,796	21,696

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 June 11, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of June 18, 1999 (in italics) reflect preliminary adjustments by the Treasury to the June 11, 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.