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Statistical Supplement | December 2008

Statistical Supplement to the Federal Reserve Bulletin, December 2008

3.12  U.S. Reserve Assets
Millions of dollars, end of period
Asset 2005 2006 2007 2008
Apr May June July Aug Sept Oct Novp
1 Total 65,127 65,895 70,565 74,372 75,170 75,740 74,832 72,560 71,834 69,763 73,378
 
2 Gold stock1 11,043 11,041 11,041 11,041 11,041 11,041 11,041 11,041 11,041 11,041 11,041
3 Special drawing rights2, 3 8,210 8,870 9,476 9,767 9,771 9,849 9,772 9,494 9,418 9,001 9,023
4 Reserve position in International Monetary Fund2 8,036 5,040 4,244 4,253 5,111 5,237 4,930 4,774 4,750 4,433 7,344
5 Foreign currencies4 37,838 40,943 45,804 49,311 49,247 49,613 49,089 47,252 46,626 45,288 45,970

Note: The data presented in this table are available in the monthly statistical release "U.S. Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks."

1. Gold held "under earmark" at Federal Reserve Banks for foreign and international accounts is not included in the gold stock of the United States; see table 3.13, line 3. Gold stock is valued at $42.22 per fine troy ounce.   Return to table

2. Special drawing rights (SDRs) are valued according to a technique adopted by the International Monetary Fund (IMF) in July 1974. Values are based on a weighted average of exchange rates for the currencies of member countries. From July 1974 through December 1980, sixteen currencies were used; since January 1981, five currencies have been used. U.S. SDR holdings and reserve positions in the IMF have also been valued on this basis since July 1974.   Return to table

3. Includes allocations of SDRs by the International Monetary Fund on Jan. 1 of the year indicated, as follows: 1970--$867 million; 1971--$717 million; 1972--$710 million; 1979--$1,139 million; 1980--$1,152 million; 1981--$1,093 million; plus net transactions in SDRs.   Return to table

4. Valued at current market exchange rates. Excludes outstanding reciprocal currency swaps with foreign central banks. At end-November 2008 swaps outstanding were $506.818 billion: $264.113 billion with the European Central Bank, $20.851 billion with the Swiss National Bank, $54.295 billion with the Bank of England, $96.990 billion with the Bank of Japan, $21.620 billion with the Reserve Bank of Australia, $25 billion with the Bank of Sweden, $15 billion with the National Bank of Denmark, and $8.950 billion with the Bank of Norway.   Return to table

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Last update: January 9, 2009