Public Reports
Public information on the ESF is considerable in scope,
but such information is dispersed across a number of reports
that are designed to serve a wider Treasury or U.S. government
financial purpose. Public reports which in some degree reflect
ESF operations are listed here in order of frequency of
publication, and these are now made more readily accessible
by the links that follow:
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FMS
Daily Treasury Statement aggregates Treasury cash
and debt operations which may reflect ESF activities.
While the ESF is not expressly identified in the Daily
Treasury Statement, any flow of dollars into or out
of the ESF is reflected in the reconciliation of public
debt transactions (either issues or redemptions) in
Table III-A to cash in Table III-B.
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Federal Reserve's Weekly
Statement of condition (later in quarterly Federal
Reserve Bulletin) provides a balance sheet of the Federal
Reserve System in which the amount of Special Drawing
Rights Certificates outstanding is indicated;
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Treasury's Weekly Press Release on
U.S. Foreign Exchange Reserves shows the levels
of various official foreign assets (foreign exchange,
SDRs, U.S. reserve position in the IMF, and gold). Only
the foreign exchange and SDR components of official
reserves are assets of the ESF. Of the foreign exchange
component, the total is divided between the ESF and
the Federal Reserve's System Open Market Account (SOMA).
The foreign exchange assets of SOMA are not U.S. government
assets and are not reflected in any U.S. government
financial statement. The U.S. reserve position in the
IMF and gold are not assets of the ESF but of the Treasury
General Account.
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Treasury's Monthly Statement of Receipts and Outlays
of the U.S. Government (Monthly
Treasury Statement) reflects the ESF's gains or
losses on transactions, net interest earnings, and valuation
gains or losses. These are reflected in Table 5, in
the Exchange Stabilization Fund item under Department
of the Treasury. Also, Table 6 shows as an asset item
the ESF's holdings of SDRs and as liabilities the SDR
Certificates issued to the Federal Reserve.
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Treasury's Monthly Statement of the Public
Debt of the United States reflects changes in the
ESF's dollar holdings, which are invested in non-marketable
Treasury short-term securities. These securities are
reflected in the line item entitled "Exchange Stabilization
Fund" in Table III, Detail of Treasury Securities Outstanding
in the Exchange Stabilization Fund line item under the
non-marketable category.
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Federal Reserve Bank of New York's Treasury and Federal
Reserve Foreign Exchange Operations (FRBNY's
quarterly report) recounts ESF operations in terms
of quarterly totals and identifies operations in subperiods
within the quarter. It also indicates the components
of changes in ESF balances over the quarter.
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Treasury
Bulletin publishes quarterly a summary of the ESF
balance sheet and income statement. The summary balance
sheet shows dollar assets, Special Drawing Rights (SDR)
holdings, and holdings of individual foreign currencies.
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The Combined Statement of Receipts and Outlays of
the United States Government (Annual
Report) shows in Part III Detail of Appropriations,
Outlays, and Balances, under Department of Treasury,
Public Enterprise Funds, the beginning and ending balances
for the fiscal year of the ESF's foreign currency assets,
SDR holdings, investments in U.S. government securities
(which arae the ESF's holdings of dollars), and the
factors in the change in the balances. In Part I, the
summary general ledger account balances show under Asset
Accounts the ESF's holdings of SDRs and the amount of
SDR Certificates outstanding to the Federal Reserve
and under Liability Accounts the SDR allocations that
appear as a liability on the ESF balance sheet.
-
In the Financial
Report of the U.S. Government, Note 2, "Cash and
Other Monetary Assets," to the notes to the financial
statements includes ESF assets.
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The Accountability
Report of the Treasury Department covers the investments
and foreign currency denominated assets of the ESF in
Notes 4 and 5 of the Department's financial statements.
- OMB's
Budget Annex provides balance sheet information on
the ESF and extrapolates interest its income for future
budget years.
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