News Column

RBA-Official Reserve Assets

August 11, 2014



ENP Newswire - 11 August 2014

Release date- 08082014 - Official Reserve Assets.

Table 1: Presents data on official reserve assets denominated in Australian dollars.

Table 2: Expresses these figures in US dollar terms.

Changes in the value of official reserve assets reflect purchases and sales (including swaps) of foreign exchange by the Reserve Bank, earnings on foreign securities and valuation effects arising from changes in the foreign currency value of the assets and exchange rates.

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Table 1: Official Reserve Assets

(A$ million)

End of Foreign

exchange SDRs Reserve

position in

the IMF Gold Total

2013

May 40,851 4,542 2,559 3,710 51,663

Jun 41,164 4,745 2,650 3,300 51,858

Jul 44,109 4,858 2,773 3,734 55,475

Aug 44,097 4,912 2,708 4,002 55,720

Sep 41,942 4,772 2,598 3,658 52,971

Oct 45,976 5,053 2,566 3,582 57,177

Nov 48,480 5,250 2,613 3,540 59,883

Dec 47,978 5,347 2,712 3,447 59,485

2014

Jan 41,396 5,430 2,763 3,665 53,254

Feb 40,251 5,121 2,628 3,806 51,806

Mar 51,124 4,943 2,542 3,597 62,206

Apr 51,125 4,926 2,511 3,562 62,125

May 54,205 4,879 2,558 3,445 65,087

Jun 52,100 4,690 2,498 3,584 62,872

Jul 51,998 4,704 2,473 3,539 62,714

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Table 2: Official Reserve Assets

(US$ million)

End of Foreign

exchange SDRs Reserve

position in

the IMF Gold Total

2013

May 39,417 4,382 2,469 3,580 49,849

Jun 38,180 4,401 2,458 3,060 48,099

Jul 39,861 4,391 2,506 3,375 50,133

Aug 39,454 4,395 2,423 3,581 49,852

Sep 39,044 4,443 2,418 3,406 49,310

Oct 43,631 4,795 2,435 3,399 54,261

Nov 44,054 4,770 2,375 3,217 54,416

Dec 42,931 4,785 2,427 3,085 53,227

2014

Jan 36,276 4,758 2,421 3,212 46,667

Feb 36,012 4,582 2,352 3,406 46,351

Mar 47,141 4,558 2,344 3,316 57,360

Apr 47,480 4,575 2,332 3,308 57,695

May 50,514 4,547 2,384 3,211 60,655

Jun 49,078 4,418 2,353 3,376 59,225

Jul 48,483 4,386 2,306 3,300 58,475

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Notes

The A$ values shown for SDRs and Reserve position in the IMF are at the IMF basket valuation for the SDR, which is published in terms of US dollars and crossed with the representative rate for the Australian dollar in terms of the US dollar. Gold is valued at the Australian dollar equivalent of the 3 pm price fix in the London gold market on the last business day of the month. The foreign currency value of other overseas assets is based, where applicable, on market quotations; accrued interest is normally taken into account. Conversion to Australian dollar equivalent normally is based on end month market rates of exchange. Figures in Table 2 have been converted to US dollar values using the end-month AUD/USD exchange rate.

The sum of gold and foreign exchange may differ from figures reported in the weekly Statement of Liabilities and Assets and the Bank's Annual Report. From 1 July 1996, foreign currency securities sold under repurchase agreements are retained for accounting purposes as foreign currency investments in the Bank's balance sheet, in accordance with standard accounting treatment. For the purpose of reporting foreign exchange reserves in this table, however, securities sold under repurchase agreements are excluded.

The sum of components may not reconcile with the total amount for Official Reserve Assets due to rounding and the net value of swap transactions with the Federal Reserve as part of the USD Swap Facility.

Additional data on Australia's International Reserves will be available on the Reserve Bank's web site towards the end of the month.


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Source: ENP Newswire


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