FROM THE OFFICE OF PUBLIC AFFAIRS
August 3, 1999LS-41
The Treasury Department today released U.S. reserve assets data for the week ending July 30, 1999.
As this table indicates, U.S. reserve assets totaled $73,337 million as of July 30, 1999, up from $72,339 million as of July 23, 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 |
|
|
July 23, 1999 |
72,339 |
11,046 |
9,835 |
15,078 |
15,078 |
21,302 |
|
July 30, 1999 |
73,337 |
11,046 |
9,925 |
15,435 |
15,434 |
21,497 |
Notes:
Gold stock is valued monthly at $42.2222 per fine troy ounce. Values shown are as of June 30, 1999. The May 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 July 23, 1999 are final. Data for SDR holdings and the reserve position in the IMF shown as of July 30, 1999 (in italics) reflect preliminary adjustments by the Treasury to the July 23, 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.