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January 6, 2009 IRP-01062009 U.S. International Reserve Position
The Treasury Department
today released U.S.
reserve assets data for the latest week. As indicated in this table, U.S. reserve
assets totaled $78,334 million as of the end of that week, compared to $78,199 million
as of the end of the prior week.
I. Official reserve assets and other foreign currency
assets (approximate market value, in US millions)
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December 26, 2008
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A. Official reserve assets (in US millions unless
otherwise specified) 1
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Euro
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Yen
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Total
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(1) Foreign currency reserves (in convertible foreign
currencies)
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78,334
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(a) Securities
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9,630
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14,254
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23,884
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of which: issuer headquartered in reporting country but
located abroad
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0
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(b) total currency and deposits with:
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(i) other national central
banks, BIS and IMF
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11,212
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6,977
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18,189
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ii) banks headquartered in the reporting country
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0
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of which: located abroad
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0
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(iii) banks headquartered outside the reporting country
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0
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of which: located in the reporting country
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0
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(2) IMF reserve position 2
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7,622
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(3) SDRs 2
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9,365
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(4) gold (including gold deposits and, if appropriate, gold
swapped) 3
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11,041
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--volume in millions of fine troy ounces
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261.499
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(5) other reserve assets (specify)
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8,234
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--financial derivatives
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--loans to nonbank nonresidents
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--other (foreign currency assets invested through reverse
repurchase agreements)
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8,234
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B. Other foreign currency assets (specify)
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--securities not included in official reserve assets
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--deposits not included in official reserve assets
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--loans not included in official reserve assets
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--financial derivatives not included in official reserve
assets
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--gold not included in official reserve assets
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--other
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II. Predetermined short-term net drains on foreign
currency assets (nominal value)
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Maturity breakdown (residual maturity)
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Total
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Up to 1 month
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More than 1 and up to 3 months
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More than 3 months and up to 1 year
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1. Foreign currency loans, securities, and deposits
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--outflows (-)
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Principal
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Interest
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--inflows (+)
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Principal
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Interest
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2. Aggregate short and long positions in forwards and
futures in foreign currencies vis-à-vis the domestic currency (including the
forward leg of currency swaps)
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(a) Short positions ( - ) 4
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-552,728
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-278,253
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-274,475
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(b) Long positions (+)
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3. Other (specify)
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--outflows related to repos (-)
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--inflows related to reverse repos
(+)
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--trade credit (-)
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--trade credit (+)
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--other accounts payable (-)
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--other accounts receivable (+)
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III. Contingent short-term net drains on foreign currency
assets (nominal value)
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Maturity breakdown (residual maturity, where applicable)
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Total
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Up to 1 month
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More than 1 and up to 3 months
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More than 3 months and up to 1 year
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1. Contingent liabilities in foreign currency
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(a) Collateral guarantees on debt falling due within 1
year
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(b) Other contingent liabilities
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2. Foreign currency securities issued with embedded
options (puttable bonds)
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3. Undrawn, unconditional credit
lines provided by:
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(a) other national monetary authorities, BIS, IMF, and
other international organizations
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--other national monetary authorities (+)
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--BIS (+)
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--IMF (+)
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(b) with banks and other financial institutions
headquartered in the reporting country (+)
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(c) with banks and other financial institutions
headquartered outside the reporting country (+)
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Undrawn, unconditional credit
lines provided to:
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(a) other national monetary authorities, BIS, IMF, and
other international organizations
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--other national monetary authorities (-)
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--BIS (-)
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--IMF (-)
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(b) banks and other financial institutions headquartered
in reporting country (- )
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(c) banks and other financial institutions headquartered
outside the reporting country ( - )
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4. Aggregate short and long positions of options in
foreign currencies vis-à-vis the domestic currency
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(a) Short positions
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(i) Bought puts
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(ii) Written calls
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(b) Long positions
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(i) Bought calls
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(ii) Written puts
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PRO MEMORIA: In-the-money options 11
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(1) At current exchange rate
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(a) Short position
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(b) Long position
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(2) + 5 % (depreciation of 5%)
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(a) Short position
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(b) Long position
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(3) - 5 % (appreciation of 5%)
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(a) Short position
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(b) Long position
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(4) +10 % (depreciation of 10%)
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(a) Short position
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(b) Long position
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(5) - 10 % (appreciation of 10%)
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(a) Short position
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(b) Long position
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(6) Other (specify)
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(a) Short position
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(b) Long position
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(1) To be reported with standard periodicity and
timeliness:
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(a) short-term domestic currency debt indexed to the
exchange rate
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(b) financial instruments denominated in foreign currency
and settled by other means (e.g., in domestic currency)
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--nondeliverable forwards
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--short positions
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--long positions
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--other instruments
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(c) pledged assets
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--included in reserve assets
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--included in other foreign currency assets
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(d) securities lent and on repo
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8,364
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--lent or repoed and included in
Section I
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--lent or repoed but not
included in Section I
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--borrowed or acquired and included in Section I
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--borrowed or acquired but not included in Section I
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8,364
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(e) financial derivative assets (net, marked to market)
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--forwards
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--futures
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--swaps
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--options
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--other
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(f) derivatives (forward, futures, or options contracts)
that have a residual maturity greater than one year, which are subject to
margin calls.
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--aggregate short and long positions in forwards and
futures in foreign currencies vis-à-vis the domestic currency (including the
forward leg of currency swaps)
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(a) short positions ( – )
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(b) long positions (+)
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--aggregate short and long positions of options in foreign
currencies vis-à-vis the domestic currency
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(a) short positions
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(i) bought puts
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(ii) written calls
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(b) long positions
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(i) bought calls
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(ii) written puts
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(2) To be disclosed less frequently:
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(a) currency composition of reserves (by groups of
currencies)
|
78,334
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--currencies in SDR basket
|
78,334
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2--currencies not in SDR basket
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--by individual currencies (optional)
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Notes:
1/ Includes holdings of
the Treasury's Exchange Stabilization Fund (ESF) and the Federal Reserve's
System Open Market Account (SOMA), valued at current market exchange rates.
Foreign currency holdings listed as securities reflect marked-to-market values,
and deposits reflect carrying values.
2/ The items, "2. IMF
Reserve Position" and "3. Special Drawing Rights (SDRs),"
are based on data provided by the IMF and are valued in dollar terms at the
official SDR/dollar exchange rate for the reporting date. The entries for the
latest week reflect any necessary adjustments, including revaluation, by the
U.S. Treasury to IMF data for the prior month end.
3/ Gold stock is valued monthly at $42.2222 per
fine troy ounce.
4/ The short positions reflect foreign exchange acquired
under reciprocal currency arrangements with certain foreign central banks. The foreign exchange acquired is not included
in Section I, "official reserve assets and other foreign currency
assets," of the template for reporting international reserves. However, it is included in the broader
balance of payments presentation as "U.S. Government assets, other than
official reserve assets/U.S. foreign currency holdings and U.S. short-term
assets."
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