section 14

Supplement to

BANKING &MONETARYSTATISTICS

SECTION 14

Gold

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Preface

In 1943 the Board of Governors publishedBanking and Monetary Statistics to make avail-able in one place and on a uniform basis majorseries relating to banking, monetary, and otherfinancial developments. The statistics usuallycovered the period from 1914, when the Fed-eral Reserve System was established, throughDecember 1941.

To bring together for the period since 1941the most important series in that volume, torevise the data previously published, and topresent new series, the Board is publishing aseries of pamphlets. Most of these pamphletscorrespond to sections in Banking and Mone-tary Statistics, but some may cover new sub-jects. Most of the data included in thesepamphlets have already been published in the

Federal Reserve Bulletin, and current figuresfor most of the series are published in it eachmonth. In some instances, however, the typeof presentation may vary considerably fromthat in the Bulletin.

This is one of the new pamphlets. As inBanking and Monetary Statistics, there is abrief description of the purpose and history ofthe data, the sources of the figures and themethods by which they were compiled, andother facts to guide the reader in using thefigures. Much of the information that is custom-arily included in footnotes to tables has beenincorporated in the text. Footnotes have beenused for the most part to call the reader's atten-tion to any lack of comparability of items overthe period covered.

Washington, D. C.

August 1962

Board of Governorsof the Federal Reserve System

Price per copy, 35 cents.


Contents

Page

INTRODUCTION 1

U. S. GOLD STOCK 1

NET GOLD PURCHASES OR SALES BY THE UNITED STATES 2

GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS 2

GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES

AND INTERNATIONAL ORGANIZATIONS 3

TABLES:

1. Analysis of Changes in U. S. Gold Stock, 1941-60 5

2. Net Gold Purchases or Sales by the United States, by Countries, 1945-60 7

3. Gold Reserves of Central Banks and Governments, 1945-60 12

4. Gold Reserves and Dollar Holdings of Foreign Countriesand International Organizations, 1949-60 16

KEYS TO SYMBOLS USED IN TABLES 24


i4. GOLD

The statistics in this Section relate to theU. S. gold stock; U. S. foreign gold transac-tions; the distribution of gold reserves ofcentral banks and governments of the freeworld; and the volume of the gold and short-term dollar assets and U. S. Government bondsand notes owned by these countries and byinternational organizations.

U. S. GOLD STOCK

Before January 30, 1934, the gold stock of theUnited States consisted of gold coin in circula-tion in the United States and gold held by theTreasury and the Federal Reserve Banks. Onthat date, title to all gold owned by FederalReserve Banks was transferred to the U. S.Government, while by a series of Executiveorders in 1933 gold coin was retired fromcirculation. Since January 30, 1934, the U. S.gold holdings have included the Treasury goldstock and gold in the Exchange StabilizationFund of the Secretary of the Treasury.

Most of the Treasury gold stock, shown inTable 1, is held as security against a corre-sponding amount of gold certificates or goldcertificate credits issued to the Federal ReserveBanks, for which the Treasury receives creditin its deposit account. This gold constitutes themonetary gold reserves behind the FederalReserve note and deposit liabilities.1 A smallamount of gold ($156 million) is held as areserve against United States notes, and the

1 For a discussion of the relation of reserve banking togold see The Federal Reserve System: Purposes and Functions(Washington, D. C, 1961), pp. 165-76; "Member BankReserves and Related Items," Section 10 of Supplement toBanking and Monetary Statistics (1962); and Annual Reportof the Board of Governors of the Federal Reserve Systemfor 1958, pp. 11-17.

remainder ($121 million on June 30, 1962) isdescribed as "balance of gold" in the "DailyStatement of the U. S. Treasury."

The Exchange Stabilization Fund was estab-lished under the Gold Reserve Act of 1934with a capital of $2 billion appropriated fromthe increment resulting from the reduction inthe gold content of the dollar. This total wasdivided into two portions: one, amounting to$1.8 billion, was considered inactive; the re-mainder was held as a working balance.

From 1934 until February 1947 the assets(entirely in gold) of the inactive portion of theFund were included as a separate part of theTreasury gold stock; no gold certificates orgold certificate credits were issued against thisgold.

In February 1947 the United States used theinactive portion ($1.8 billion) of the Fund topay a part of its subscription to the Inter-national Monetary Fund, in accordance withthe Bretton Woods Agreement Act. However,only 25 per cent of the subscription ($687.5million) was required to be paid in gold; theremainder was paid in U. S. dollar funds andnonnegotiable, non-interest-bearing specialU. S. notes, and the Treasury was reimbursedby transfer of the remaining $1.1 billion of goldfrom the Exchange Stabilization Fund.

The Treasury conducts most of its goldtransactions with foreign monetary authoritiesthrough the Exchange Stabilization Fund. TheFederal Reserve Bank of New York acts as theFund's fiscal agent in these transactions. Thereare shifts of gold back and forth between theFund and the Treasury gold stock to carry outthese transactions. The assets of the Fund, in-cluding accumulated net earnings, were $340


million at the end of 1961, of which $58million was in gold.2

Changes in the U. S. gold stock are ac-counted for mainly by gold transactionsbetween the United States and foreign mone-tary authorities. Sales of gold by the Treasuryfor use in industry and the arts in the UnitedStates and Treasury purchases of gold fromnew production are also reflected in the data.

The figures for net gold imports or exportsshown in Table 1 are compiled by the Depart-ment of Commerce. The figures for earmarkedgold, not included in the U. S. gold stock,represent gold held by the Federal ReserveBanks for foreign and international accounts.The combined net change in these two itemsdoes not always correspond closely with thedata on U. S. foreign gold transactions for agiven period (Table 2), in part because thereare frequent lags in the statistics on imports andexports of gold. Also at times the Treasurymay hold some gold under earmark abroad.Furthermore the statistics include—in additionto gold imported for sale to the United Statesor for earmark at the Federal Reserve Banksand exports of gold sold by the United Statesor from earmark—gold imported for refiningand subsequent re-export.

NET GOLD PURCHASES OR SALESBY THE UNITED STATES

The United States buys gold from and sellsgold to foreign governments, central banks, andby specific agreement, international organiza-tions, for the settlement of international bal-ances or for other legitimate monetary pur-poses, at the established rate of $35 per finetroy ounce (exclusive of handling charges).

Table 2 shows data for net gold purchases orsales by the United States, by countries, an-nually for the period 1945-60 and quarterly

2 The gold in the Fund is not included in statistics on goldstock (Treasury gold) in the Federal Reserve weekly release(H.4.I.), "Factors Affecting Bank Reserves and ConditionStatement of F. R. Banks"; in the table "Member BankReserves, Reserve Bank Credit, and Related Items" publishedin the Federal Reserve Bulletin; in the "Circulation Statementof United States Money" or the "Daily Statement of theU. S. Treasury" published by the Treasury.

beginning with 1950. These data are publishedby the Treasury.

GOLD RESERVES OF CENTRAL BANKSAND GOVERNMENTS

Table 3 shows quarterly data for gold reservesof 44 countries and one international and tworegional organizations, as well as world totals.During World War II it was difficult to obtainreliable information on gold reserves, sincemany countries did not disclose their officialholdings and a number of others reportedfigures that failed to disclose the full extent oftheir holdings. Hence no attempt has beenmade to show holdings before December 1945.

In most foreign countries the central bankor bank of issue holds the country's goldreserves, but in several—mainly in Europe—both the central bank and an exchange stabiliza-tion fund or similar governmental authorityhold the reserves. In others—Canada and theUnited Kingdom, for example—such authorities(the Exchange Fund Account and the Ex-change Equalization Account) hold all of thegold reserves.

The source of the gold reserve figures formost countries and the Bank for InternationalSettlements has been either the balance sheetor statistical bulletin of the central bank.Figures for the International Monetary Fundand several countries have been obtained fromthe Fund's monthly bulletin, InternationalFinancial Statistics. Although most figuresgiven are for the end of the month, figures forseveral countries, particularly Asian countriesthat do not issue end-of-month reports, referto the last report date of the month.

Gold reserves have been reported in threeways—in the currency of the country, in weightunits, or in U. S. dollars. Reserves reportedin foreign currencies have been converted intodollars at rates which result in a valuation of$35 per fine ounce. Where gold reserves havebeen reported in weight units, the conversionshave been made at the rate of $35 per fineounce.


The figures for estimated total world reservesrepresent reported gold holdings of centralbanks and governments and of regional andinternational organizations; unpublished hold-ings of various central banks and governments;estimated holdings of the U. K. ExchangeEqualization Account; and estimated officialholdings of countries from which no reportshave been received. The figures do not includeamounts for the U.S.S.R., other EasternEuropean countries, or China Mainland.

The figures for the most part representphysical gold, in the form of coin or bullion,held either at home or abroad. A number ofEuropean countries have gold deposited withthe Bank for International Settlements, andthey include these deposits as part of their goldreserves. To avoid overstating total worldreserves, therefore, the figures included inTable 3 for the BIS represent the Bank'sgold assets net of gold deposit liabilities.

GOLD RESERVES AND DOLLAR HOLDINGSOF FOREIGN COUNTRIES ANDINTERNATIONAL ORGANIZATIONS

Table 4 provides data for foreign gold reservesand holdings of short-term dollar assets andfor foreign holdings of U. S. Government bondsand notes, quarterly beginning with the endof 1949.

For all but three countries the data for goldand short-term dollar assets shown in Table 4represent a combination of data for gold re-serves as shown in Table 3 of this Section andthe figures for short-term liabilities to foreignersas published in Tables 1-A through 1-D in"International Finance," Section 15 of Supple-ment to Banking and Monetary Statistics. The

three exceptions are Japan, Panama, and theUnited Kingdom, for which gold reserves arenot shown separately in Table 3. Panama hasonly a nominal amount of official gold holdings,and thus the figures shown in Table 4 for thiscountry represent short-term dollar assets only.

The areas shown in Table 4 of this Sectiondiffer from those in Tables 1-A through 1-D,of Section 15; in the tables in Section 15,Europe includes Eastern as well as WesternEurope, and Latin America includes WesternEuropean dependencies located in that area aswell as the Latin American republics. In Table4, data for Europe and Latin America havebeen adjusted to exclude Eastern Europe andWestern European dependencies located inLatin America; statistics for these countries areincluded under "all other."

The figures for U. S. Government bonds andnotes—representing securities with an originalmaturity of more than 1 year—have beenbased on two surveys of holdings of thesesecurities and monthly reports on transactions.In the first survey selected banks in the UnitedStates reported the amounts of U. S. Govern-ment bonds and notes they were holding forforeign and international accounts as of theend of May 1955. These figures, together withmonthly statistics on security transactions thatfirst became available for January 1950, havebeen used to calculate holdings for the periodfrom the end of 1949 through December 1960(old series). A more comprehensive survey ofholdings was made as of the end of November1960. Figures for the new series for December1960 shown in Table 4 were based on thissurvey and on reported transactions inDecember.


1. ANALYSIS OF CHANGES IN U.S. GOLD STOCK, 1941-60[In millions of dollars]

Year ormonth

1941..19421943 .1944..1945 .

19461947 .19481949..1950

19511952.. .195319541955

19561957..1958 ,19591960

1942—Jan.. .

Mar.'.'.Apr...May..June.July. .Aug...Sept...^ vr l" •

Oct.. .Nov...Dec...

1943—Jan.. .Feb.. .Mar...Apr...May..June..July. .Aug...Sept...Oct. . .Nov...Dec.

1944—Jan.. .Feb.. .Mar...Apr..'.May..June..July. .Aug...Sept...Oct . . .Nov...Dec.

1945_ j a n . . .Feb.. .M a rApr.'.'!May..June..July. .Aug...Sept...Oct. . .Nov...Dec...

Gold stock(end of period)

Treas-ury

22,73722,72621,93820,61920,065

20,52922,75424,24424,42722,706

22 69523,18722 03021,71321,690

21,94922,78120,53419,45617,767

22,747

22',68722,69122,71422,73722,74422,75622,75422,74022,74322,726

22,68322,64422,57622,47322,42622,38822,33522,24322,17522,11622,06521,938

21,91821,71221,60021 42921,26421,17320,99620,92620,82520,72720,68820,619

20,55020,50620 41920^37420,27020,21320,15220,08820,07320,03620,03020,065

Total 1

22,76222,73921^98120,63120,083

20,70622,86824,39924^56322,820

22,87323,25222,09121,79321,753

22,05822,85720,58219,50717,804

22,782ryj "79-52.Z, 1Z J22,69922,71122,73222,74522,75022,76222,76222,75622,76322,739

22,69522,65222,59022,48822,44722,39822,34022,25122,18222,13322,08221,981

21,92421,74421,61421 44621,28521,19421,03020,94920,85020,75120,70020,631

20,56920,52520 45120,'39120,28720,29420,19620,11820,09320,12020,07620,083

Totalgold

stock:in-

crease,orde-

crease

72023

— 758- 1 , 3 5 0

— 548

6233 2,162,1 531

' l64— 1,743

53379

— 1 161- 2 9 8

- 4 0

305799

- 2 , 2 7 54 1 075— 1,703

20

- 2 41221135

12

- 67

- 2 4

- 4 4- 4 3- 6 2

- 1 0 2- 4 1- 4 9- 5 8- 8 9- 6 9- 4 9- 5 1

— 101

- 5 7- 1 8 0— 130— 168- 1 6 1

- 9 1- 1 6 4

- 8 1- 9 9- 9 9- 5 1— 69

- 6 2- 4 4— 74- 6 0

- 1 0 47

- 9 8- 7 8- 2 5

27- 4 4

7

Ne tgold

import,or

export( - )

982316

69- 8 4 5— 106

3121,8661,680

686— 371

— 549684

21697

106104260302333

41JJ3532392222222123177

3423

3- 6

4434

12- 3- 6— 4

- 2 3- 1 2 5— 102— 139

- 6 1- 6 1- 6 1

- 1 0 9- 7 2- 6 3- 1 2— 17

12

— 192

- 1 8- 8 4

- 7- 1 2

13- 4

119

E a r m a r k e d gold 2

D e -crease,or in-crease

— 407— 459— 803- 4 6 0— 357

466210

— 160— 495

— 1,353

618- 3 0 5

— 1 171- 3 2 5- 1 3 2

318600

- 2 , 5 1 5- 1 , 3 2 3— 1,982

- 3 9

- 6 6- 2 0- 3 8- 1 5- 2 4- 2 2- 2 8- 5 6- 1 1- 3 1

- 7 6- 6 3- 5 9

- 1 0 1- 4 5- 5 2- 6 4- 9 1- 8 1- 4 0- 4 4— 87

- 2 811

— 48— 71- 9 3

- 6- 9 7

3- 2 8- 2 2- 3 5- 4 6

- 5 8- 3 8— 47- 5 3- 6 7

96- 1 0 0

- 6 3- 1 9

35- 3 9

- 4

Amount(end ofperiod)

2,2152,67434773,9374,294

3,8283,6183,7784,2735,626

5 0085,3136 4846,8096,941

6,6236,0238,5389,861

11,843

2,254

2^4292,4492,4872,5022,5262,5482,5762,6322,6432,674

2,7502,8132,8722,9733,0183,0703,1343,2253,3063,3463,3903,477

3,5053,4943 5423 6133,7063,7123,8093,8063,8343,8563,8913,937

3,9954,0334 0804,1334,2004,1044,2044,2674,2864,2514,2904,294

Month

1946—JanFebMarAprMayJ u n e . .July. .Aug . . .Sept.Oct . . .NovD e c . . .

1947—JanFebMarAprM a y . . . .J u n e . .July . .Aug . . .Sept. . .Oct . .Nov . . .D e c . . .

1948—JanFebMarAprM a y . . . .J u n e . . . .JulyAugSeptOctNovDec

1949_JanFebMarAprMay. . . .June. . . .JulyAugSeptOctNovDec

1950—Jan .FebMarAprMay. . . .June. . . .JulyAugSeptOctNovDec

1951—JanFebMarApr

m May....^ * June. . . .

JulyAugSeptOctNovDec


Treas-ury

20,15620 23220,25620,25120,24220,27020,26720,28020,30520,40220 47020,529

20,74820,33020,46320,77420,93321,26621,53721,76621,95522,29422,61422,754

22,93523,03623,13723,16923,30423,53223,67923,72523,87224,00424,16624,244

24,27124,29024,31424,33224,34224,46624,52024,60824,60224,58424,47924,427

24,39524,34524,24624,24724,23124,23124,13623,62723,48323,24923,03722,706

22,39222,08621,80621,80521,75621,75621,75921,85422,01322,23322,38222,695

Total 1

20,21220 28320,31120,30720,29820,34120,34220,40120 41920,52620 63720,706

20,93520,38020,62520,96121,10821,41821,68521,83622,08522,40922,73522,868

23,01023,17723,21523,30723,43523,74123,82023,92724,06024,20324,35324,399

24,44824,46424,46824,46124,51124,63724,70524,77124,72824,68824,62624,563

24,50724,45624,36024,35024,34024,33124,23923,74523,59123,34923,15322,820

22,46122,16221,92721,90021,86121,87221,85221,98622,16422,39422,57922,873

Totalgold

stock:in-

crease,or

de-crease

1297128

- 4- 943

15918

10711169

2293 — 555

245336147310267151249324326133

1421673892

128306

7910713314315046

49164

- 750

1266866

- 4 3- 4 0- 6 2- 6 3

- 5 6- 5 1- 9 6- 1 0- 1 0

- 9- 9 2

- 4 9 4- 1 5 4- 2 4 2- 1 9 6- 3 3 3

- 3 5 9- 2 9 9- 2 3 5

- 2 7- 3 9

11- 2 0

134178230185294

Ne tgold

import,or

export( - )

1548231

- 2 1— 27

366

15— 82478

- 6 1

- 1 720

15444

130200219112110451266178

235159100234151178267

3953

1225488

6621201497

131257

9856

8- 1

39

- 2531310

- 2- 4 2- 9 6- 9 3

- 1 5 9- 9 3

— 106- 1 0 8- 1 2 3- 1 1 1

- 4 1- 3 8- 1 6

- 411

- 1 8- 2

7

E a r m a r k e d gold 2

D e -crease,or in-crease

— 12— 6201527158

6013

11512883

196— 685

204272

131192643

153— 4

- 8 3- 4 4

- 1 5- 7 2- 6 4

- 1 1 1- 381

- 1 8 86098

199

- 4 6

- 2- 2 3- 1 6- 1 8

38121

- 2 0- 2 0 8- 1 5 5

— 89- 6 4- 5 9

— 94— 50- 9 5- 6 0- 2 9- 1 8- 9 0

- 4 3 1- 6 6

— 146- 3 6

- 2 3 8

— 248- 1 8 5- 1 1 1

102- 1 3

46- 8137176244188290

A m o u n t(end ofperiod)

4,3064,3124^2924,2774 2504,2354,2274,1674,1544,0393,9113,828

3,6324 3174,1133,8413,8283,7093,6833,6403,4873 4913,5743,618

3,6333,7053,7693,8803,8833,8023,9903,9303,8323,8313,7323,778

3,7803,8033,8193,8373,7993,6783,6983,9064,0614 1504,2144,273

4,3674^4174,5124,5724,6014,6194,7095,1405,2065 3525,3885,626

5 8746^0596,1706,0686,0816,0356,0435,9065,7305,4865,2985,008

For notes see following page.


1. ANALYSIS OF CHANGES IN U.S. GOLD STOCK, 1941-60 — Continued[In millions of dollars]

Month

1952—Jan.. .Feb...Mar...Apr...May..June..July. .Aug...Sept...Oct.. .Nov . .Dec"..

1953—Jan.. .Feb...Mar...Apr...May..June..July.Au£n u B" •

Sept .Oct.. .Nov...Dec...

1954—Jan.. .Feb...Mar...Apr...May..June..July. .Aug...Sept...Oct.. .Nov...Dec...

1955—Jan.. .FebMar...Apr...May..June..July. .Aug...Sept...Oct.. .Nov...

, Dec...

1956—Jan.. .Feb...Mar...Apr...May..June..

Gold stock(end of neriod^

Treas-ury

22,95123,19123,29123,29723,29623,34623,35023,34423,34223,33923,33823,187

22,98622,66222,56322,56222,53722,46322,27722 17822 12822,07722,02822,030

21,95621,95821,96521,96921,97321,92721,90821,80921,81021,75921,71021,713

21,71421 71621,71921,67121,67421,67821,68221,68221,68421,68621,68821,690

21,69321,69521,71621,74321,77221,799

Total*

23,05523,37823,42823,45023,50223,53323,53723,52823,52623,52123 50523',252

23,07922,75122,64922,63922,59022,52122,35322 27522 22022,14622,11222,091

22,04422,03622,03522,08322,03922,02721,96021,89721,86321,82721,79121,793

21,78621 78821,76321,72421,72721,73021,73421,73221,74521,74721,75121,753

21,75521,75721,76521,79221,82121,868

Totalgold

stock:in-

crease,or

de-crease(-)

182323

502252314

- 9_ 2- 5

— 16- 2 5 3

- 1 7 3- 3 2 8- 1 0 2

- 1 0- 4 9- 6 9

- 1 6 8— 78- 5 5- 7 4

34- 2 1

- 4 7- 8- 148

- 4 4- 1 2- 6 7- 6 3- 3 4- 3 6- 3 6

2

- 72

- 2 5- 3 9

3342

13242

228

272947

Netgold

import,or

export( - )

6415015797273724

33383

8

- 2- 2

37

- 2

1- 1- 1

- 625213221221

233254244

103227

111911102518

Earmarked gold2

D e -crease,or in-crease(-)

137153

-104- 7 5

2719

- 3 1- 3 3- 1 3- 9 3— 29

- 2 6 3

- 1 7 2- 3 2 4- 1 0 6

- 1 7- 4 9- 6 9

— 171— 79- 5 5- 7 2- 3 6- 2 1

- 4 3- 1 0

- 238

- 4 9- 1 7- 7 2- 6 6- 3 4- 3 5- 3 7

2

- 1 0

- 2 8- 4 2

— 1— 1

- 311

- 7- 2 7- 2 4

- 9- 1 5

- 3172

30


4,8714,7184,8224,8974,8704,8514,8824,9154,9285,0215 0505,313

5,4855,8095,9155,9325,9816,0506,2216,3006,3556,4276,4636,484

6,5276,5376,5396,5016,5506,5676,6396,7056,7396,7746,8116,809

6,8196 8196,8476,8896,8906,8916,8916,8946,8836,8906,9176,941

6,9506,9656,9686,9516,9496,919

Month


Totali

Totalgold

stock:

de-crease

Netgold

import,or

export()

Earmarked gold2

De-crease,or in-crease


1956—July..Aug...Sept..Oct.. .Nov..,Dec...

1957_jan.. .Feb...Mar..Apr...May..June..July. .Aug...Sept...Oct.. .Nov..,Dec...

1958—Jan.. .Feb.. .Mar..,Apr...May..June..July. .Aug...Sept..,Oct.. .Nov...Dec...

1959_j a n . . .Feb.. .Mar..,Apr...May..June..July..Aug...Sept..,Oct.. .Nov...Dec...

I960—Jan.. .Feb.. .Mar...Apr...May..June..July..Aug...Sept...Oct. . .Nov...Dec...

21,83021,85821,88421,91021,91021,949

22,25222,30422,30622,31822,62022,62322,62722,62622,63522,69122,76322,781

22,78422,68622,39421,99621,59421,35621,21021,01120,87420,69020,60920,534

20,47620,47920,44220,30520,18819,70519,62619,52419,49119,58519,56619,456

19,44419,42119,40819,36019,35219,32219,14419,00518,68518,40217,91017,767

21,91821,96522,03221,99922,10622,058

22,37722,39622,40622,42422,72622,73222,73522,73522,75922,83522,83722,857

22,86022,73622,48722,04221,67421,41221,27521,08220,92920,74120,65320,582

20,52720,52020,48620,35820,22719,74619,67219,56819,57919,64719,61719,507

19,49419,47119,45719,40319,39519,36319,18819,04518,72518,44317,94817,804

504767

- 3 3107

- 4 8

319191018

30263

24762

20

3-124-249-445-368-262-137-193-153-188- 8 8- 7 1

- 5 5- 7

- 3 4-128-131

4-481- 7 4

-1041168

- 3 0-110

- 1 3- 2 3- 1 4- 5 4- 8

- 3 2-175- 1 4 3- 3 2 0- 2 8 2-495-144

55

- 1 85

133

- 5 4- 3 0- 92120103

2919433419

45396

26183

184

715

1212

1010183

101525765524489

24

178

107749125

125193

444387

- 3 510651

2962816

- 6286- 6- 1

- 1 1- 936

- 3 12

- 3 7-168-252-471-355-285-164-197-220-189- 9 7- 8 0

- 6 5- 1 3- 4 8

-128-136-492- 9 8

-176- 3 6

52- 7 1

-112

- 1 2- 2 1- 1 4- 7 1- 1 4

- 1 0 2- 2 2 2- 1 5 2-319-398-512-145

6,8756,8326,7456,7806,6746,623

6,3276,2996,2836,2896,0036,0096,0106,0216,0305,9946,0256,023

6,0606,2286,4806,9517,3067,5917,7557,9528,1728,3618,4588,538

8,6038,6168,6648,7928,9289,4209,5189,6949,7309,6789,7499,861

9,8739,8949,9089,9799,993

10,09510,31710,46910,78811,18611,69811,843

* Includes gold in Exchange Stabilization Fund.2 Not included in the gold stock of the United States.3 Net after payment of $688 million as U. S. gold subscription to the

International Monetary Fund.

4 Includes payment of $344 million as increase in U. S. gold subscriptionto the IMF.


2. NET GOLD PURCHASES OR SALES BY THE UNITED STATES, BY COUNTRIES, 1945-60[In millions of dollars at $35 per fine troy ounce]

Area and country

Western Europe:AustriaBelgiumDenmarkFinland, ,FranceGermany, Fed. Rep. ofGreeceItalyNetherlands..NorwayPortugal . .SwedenSwitzerlandTurkey

Bank for Intl SettlementsVatican City

Total

Canada

Latin American republics:Argentina

Brazil . . . .ChileColombiaCubaDominican RepublicEcuadorEl SalvadorMexico . . .PeruUruguayVenezuelaOther

Total

Asia:Afghanistan . .ChinaIndonesiaIran. . .IsraelJapanLebanon . . . . .PhilippinesSaudi ArabiaSyriaThailandOther

Total

All other:Congo Rep of theSouth AfricaSurinamU.A R (Ecvpt)Other i

Total

Total foreign countr ies . . . .

Intl. Bank for Reconstruc-tion and Development

Intl. Monetary Fund

Grand total

Annual totals

1945

3132

279

- 4 8

- 8 7- 1 0

- 2

168

37

- 2 2 5

- 2 5- 2

- 1 8- 8 5

2

- 2 48

- 3 8- 7 3

6

- 4 7 3

- 1 6- 1 8 5

10

- 3

5

- 1 8 9

4

4

- 4 5 3

- 4 5 3

1946

14

— 4

17- 1 0

80- 3 0

n

- 1 2

48

338

153

- 1 018

- 5- 3 0

3

379

- 910

171

- 2

5

92

14

94

2 40

134

705

16

721

1947

223

265

1314

116238

1056

407

- 1

1,448

311

728

960

- 6 5

_ 245

525

- 47

808

- 1

2

1

256

3 38

294

2,862

26-688

2,176

1948

70

- 616

41

633

10734- 6

926

114

16- 1 0

62

ii- 1 0 8

2

82

- 4

- 4

499

2

501

1,505

5

1,510

1949

- 4 1

- 4- 1 1 4- 2 4

14

- 4 0

446- 3 4

- 1

202

3

- 5 0

7- 1 0

_ 3- 1 6

- 8- 1 4- 5 0

- 1 4 4

- 7

- 4

- 2— 43

- 5 5

- 2196- 4

4 - 2

187

193

193

1950

- 5 5

- 8 5

- 1 4

- 8 0- 4

- 1 5- 2 3- 3 8

5- 1 , 0 2 0

- 6 5- 2

- 1 , 3 9 7

- 1 0 0

- 1 028

2— 6

- 1 1 8- 3

- 6 5

- 1 7 2

- 3 0

- 3- 2

- 4

- 3 9

- 313

- 4 518

- 1 7

- 1 , 7 2 5

- 1 , 7 2 5

1951

- 1 0- 2 0- 5

- 2 0

- 1 0

- 5

- 3 5- 3 2- 1 5

470- 3 0

5

293

- 1 0

- 5 0

18- 2 0

- 8- 4- 3

- 6 0- 1 5

22- 1

- 1 2 6

- 4 5

- 54

- 1- 6

- 1

- 5 4

- 852

- 7 64

- 2 8

75

75

1952

- 4— 7

- 1 0- 1 2

- 1 0 0

- 5

232

440

326

7

- 2 0

2- 2 3

— 488

15

57

- 2

- 31

- 3

- 7

- 212

9

394

394

1953

- 8 5— 13

- 1 3 0

- 6 5- 5

- 6 0- 2 0- 6 5

- 3- 4 8 0

- 9 44

- 1 , 0 1 6

- 8 5

- 4

- 2 8

- 1 5

- 1 3 2

- 1- 4

- 6

- 1 0

- 1 0

- 1 , 1 6 4

- 1 , 1 6 4

1954

- 6

- 2 2 6

- 5 5- 1 5- 1 6

- 5 0- 2 0

9

- 3 7 8

17

80

- 5- 3 0

62

- 1

~ 9

- 1 0

- 1

- 1

-327

-327

1955

- 6 8- 1 0

c

4

- 7 8

•5

11

14

- 3

- 2

- 5

1

1

- 6 8

- 6 8

1956

3

- 3 4

15- 8

100

3

80

15

115

— 1

28

29-200

- 2 8

5 14

14

80

7 200

280

For notes seep. 11.


2. NET GOLD PURCHASES OR SALES BY THE UNITED STATES, BY COUNTRIES, 1945-60 — Continued[In millions of dollars at $35 per fine troy ounce]

Area and country

Western Europe:AustriaBelgiumDenmarkFinland . . .FranceGermany, Fed. Rep ofGreeceIcelandItaly .NetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited Kingdom

Bank for Intl. Settlements....Vatican City

Total

Canada . . . .

Latin American republics:ArgentinaBoliviaBrazilChileColombiaCubaDominican RepublicEcuadorEl SalvadorM^exicoPeruUruguayVenezuelaOther

Total

Asia:BurmaCambodiaCeylonIndonesiaIranIraqIsraelJapan.LebanonPakistanPhilippines

SyriaOther

Total

All other:Congo Rep of the . . . .GhanaMoroccoSouth AfricaSurinamUA.R. (Egypt)Other 1

Total


Intl. Monetary Fund

Grand total

Annual totals

1957

37

25

31

1

68

5

75

3

4

43

81

- 2

22

- 2

18

172

600

772

1958

- 8 4— 329

- 1 7

— 349- 2 6 1

- 2 032

- 2 1 5

- 9 0 0

- 1 7 8- 3

-2 ,326

67

3

- 1

69

—9

- 3 0

7

- 2

- 3 4

2

- 1

- 3

-2 ,294

-2 ,294

1959

- 8 3- 3 9- 1 5

- 5— 266

- 1 5

- 3 0

- 1 0

20

- 3 5 0- 2

- 3 2- 1

- 8 2 7

j

~ - l

- 3 0— 1

65- 2

19

- 8- 1 1_ 4- 4

-157

1

- 2

-186

- 4

- 1

- 5

-998

8-44

-1,041

1960

- 1— 141

- 1 5- 3

— 173- 3 4- 4 7

- 3

- 2 4 9

- 1 1 4

- 3 2 4- 6

- 5 5 0- 1 6- 3 6

- 6

- 1 , 7 1 8

- 5 0

- 2- 2— 6

- 1- 2 0— 15

- 4

- 1

- 1 0 0

- 4- 1 2

- 2 5

- 3 0

- 1 5

- 1 3

- 1 1- 2

- 1 1 3

- 6- 2 1

- 3- 8- 1

- 3 8

- 1 , 9 6 9

7 300

- 1 , 6 6 9

Quarterly totals

1950

- 3 5

- 2

- 1 3

- 8 0

- 1 3

- 1 4 3

— 10

1- 2

- 1 6

- 1 2

- 3 8

- 1

4

- 2 74

- 2 0

- 2 0 1

- 2 0 1

2

- 2 0

- 4

- 3

5

- 1 2

- 3 5

- 2

3

9

- 31

7

- 3 0

- 3 0

3

- 2 9

16- 2 5

- 5 8 0

- 6

- 6 5 5

8

- 4 1

- 2 4

- 5 6

- 1 0

j- 4

- 1 5

- 1 510

- 5

- 7 3 1

- 7 3 1

4

- 5 6

- 1 2

- 8 0

- 1 5

4

- 3 6 0

- 3 4- 2

- 5 6 4

- 1 0 0

20

- 3- 6 2

- 3- 2 7

- 7 5

- 2 0

- 3

- 2 4

- 3

3

- 7 6 2

- 7 6 2

1951

i

- 1 2- 1 3

- 9 2

- 6

- 5

- 1 0

- 1 5- 1 5

- 4 0 0

- 2 5

- 5 9 3

- 5 0

14

- 2- 4

- 1 2 4- 1 5- 5 1

- 2 3 7

- 2 0

- 1

2

- 1

- 2 1

- 8

- 2 02

- 2 6

- 8 7 6

- 8 7 6

2

2- 2

- 1 5

- 8 0

- 9

- 1 0 4

- 1 0

- 2

364

15— 1

73

1

—4

- 3

13

- 2 5

- 1 2

- 5 6

- 5 6

3

- 4- 3

- 5

— 17

320

4

295

4- 2 0

28

12

— 4

— 1

- 5

20

- 3 11

- 1 0

291

291

4

272

- 4

- 5

630

5

695

- 4

30

26

- 2 5

1

— 1

- 2 5

19

19

716

716

For notes seep. 11.



Area and country

Western Europe:AustriaBelgium. . . . . .DenmarkGermany, Fed. Rep. ofGreeceNetherlandsNorwayPortugalSweden.S witzerl andTurkeyUnited KingdomBank for Intl. Settlements....Vatican City

Total

Canada

Latin American republics:ArgentinaBolivia . . .ChileColombiaEl SalvadorMexicoUruguayVenezuela

Total

Asia:AfghanistanIsraelJapanLebanon...Syria

Total

All other:Congo, Rep. of theSouth Africa

Total


Intl. Monetary Fund

Grand total

Quarterly totals

1952

1

20

12

23

5202

553

- 1 8

1110

4

— 2

- 1

- 3

4

4

557

557

2

7

2- 5— 4101

94

l {- 2

7

7

106

106

3

2

- 2

1

1

- 1

- 1

4

- 2 4_ 7

- 1 0

- 1 0 0

£

2- 8 0

- 2

-226

- 2 02

- 2 55

- 3 8

j- 1

- 2

- 2

- 2

- 2 6 8

- 2 6 8

1953

1

- 3 6— 13- 3 0

- 2 5— 5

- 1 5— 10- 2 0

- 3- 3 2 0

- 2 3

- 5 0 1

- 5 5

- 4

- 2 8- 1 0

- 9 7

- i

- 5 9 9

- 5 9 9

2

- 3

- 1 0

- 1 5

- 2 5

- 4 0- 9

- 1 0 2

- 2 0

- 5

- 2 5

- 1

- 1

- 1 2 8

- 1 2 8

3

- 1 2

- 4 0

- 4 0

- 1 5— 10- 1 5

- 1 2 0- 4 3

- 2 9 5

- 1 0

- 1 0

- i

- 3 0 7

- 3 0 7

4

- 3 3

- 5 0

- 1 5

- 5

- 1 94

- 1 1 8

j- 2

2

- 1 0

- 1 0

- 1 3 0

- 1 3 0

1954

1

- 4 0

- 2 0

- 86

- 6 2

13

— 5

8

o

- 8

- 6 3

- 6 3

2

- 1 6

- 5

— 50

- 7 2

2

80

- 3 0

52

- 2 0

- 2 0

3

- 1 4 0

- 2 0

- 8

- 3

- 1 7 0

— 1

- 1

- 1 7 2

- 1 7 2

4

- 6

- 3 0

- 1 0- 1 5

- 8

- 83

- 7 4

2

2

- 7 2

- 7 2


2. NET GOLD PURCHASES OR SALES BY THE UNITED STATES, BY COUNTRIES, 1945-60 — Continued[In millions o f dollars at $35 per fine troy ounce]

Area and country

Western Europe:BelgiumDenmarkFrance

NetherlandsPortugal . . . . . .SpainSweden . . . . . . .SwitzerlandUnited KingdomVatican C i t y . . . . . .

Total

Canada

Latin American republics:ArgentinaBoliviaChile. . . . . .ColombiaEl SalvadorPeruUruguay . . .Venezuela

Total

Asia:IndonesiaIranPhilippines . . .Other

Total

AH other:Other i

Total

Total foreign c o u n t r i e s . . . .

Intl Monetary Fund

Grand total

Quarterly totals

1955

1

- 2 310

- 5

- 3 7

3

3

2

- 3

- 3 7

- 3 7

2

- 4 5

3

- 4 2

1

1

- 4 2

- 4 2

3

11

11

- 2

- 2

9

9

4

1

1

1

1

1956

1

— 34

1

- 3 3

5 13

13

- 2 0

7 25

5

2

20

20

20

7 75

95

3

g

2

- 6

55

28

2

85

1

1

80

7 75

155

4

3

15

100

119

15

40

27- 2 0 0

- 1 3 3

7 25

25

1957

1

37

20

30

5

10

— 4

6

42

300

342

2

5

1

6

10

3

13

- 1

- 1

18

300

318

3

15

15

— 2

7- 1

4

19

19

4

31

31

40

43

47

15

15

93

93


10



Area and country

Western Europe:AustriaBelgium. . .DenmarkFinlandFranceGermany, Fed. Rep ofGreeceIcelandItalyNetherlandsPortugalSpainSwitzerland. . .TurkeyUnited KingdomYugoslaviaBank for Intl. SettlementsVatican City

Total

Canada

Latin American republics:ArgentinaBoliviaBrazilChile . . . .

El SalvadorMexicoPeruUruguay .VenezuelaOther

Total . . .

Asia:BurmaCambodia . . .CeylonIndonesiaIranIraq .. . . .IsraelJapanPakistanPhilippinesSaudi Arabia..SyriaOther

Total

All other:Ghana . . . .MoroccoSurinamU.A.R. (Egypt)Other i

Total

Total foreign countries

Intl. Monetary Fund

Grand total

Quarterly totals

1958

1

- 1 4

- 4 2

- 5

- 3 0 0

- 1 5

-376

t

- 1

— 1

- 3 7 7

- 3 7 7

2

- 1 4 4- 1 7

- 1 6 9- 6 3—20

- 1 3 5

- 4 5 0

- 7 4— 1

- 1 , 0 7 3

— 7

- 8

- 1 , 0 8 1

- 1 , 0 8 1

3

- 2 6- 1 1 3

- 1 2 4- 4 6

- 7 5

- 5 0

- 6 1_ 2

- 4 9 8

12

12

- 2

2

- 4 8 9

- 4 8 9

4

- 5 8- 5 8

- 5 6- 1 1 0

32

- 1 0 0

- 2 8

- 3 7 9

55

3

58

- 3 0

7

- 2 3

—2

- 2

- 3 4 7

- 3 4 7

1959

1

- 3 0

- 7_ 1

- 3 8

- 5 0

4

- 5 4

- 9 3

- 9 3

2

- 3 9— 39

- 5

— 10

- 2 0 0

- 2 5

- 3 1 8

- 2 0

- 2 0

— 5

- 4 5

- 5 0

- 3 8 9

9-344

-732

3

- 4 3

- 1 0_ 5

- 6 6

-150

-274

-io— i

- 1 0- l

- l

- 2 3

— 4- 6 2

5

- 6 2

- 3 5 9

7 200

- 1 5 9

4

- 2 0 0

- 1 5

20

- 2

- 1 9 7

j

65

64

- 8- 6- 4

- 2

- 2 0

- 4

4

- 1 5 7

7 100

- 5 7

1960

1- 2 6

—2

- 1 0

- 4 0

- 1

- 1

- 4 2

- 4 2

2

- 2 5

- 2 5

1

- 4 9

- 1

- 1

— 13

- 1 1- 2

- 2 6

- 8- 1

o

- 8 4

- 8 4

3

- 7

- 5 6

- 5

- 1 1 0

- 3 3- 1 6 0

- 2 0 03

- 2

-576

- 3 0

- 6

- 3 6

2

2

- 1 5

- 1 9

-632

-632

4

- 8 3- 1 5- 3

-117- 3 4- 4 2

-105

- 8 1-165

- 6-350

- 1 2- 3 6- 5

-1,053

- 2 0

- 2

- 1- 2 0- 1 5- 4

- 6 2

- 4- 1 2

- 2 3

- 2 8

- 6 7

- 6- 2 1- 3

- 2 9

-1,212

7 300

- 9 1 2

1 Includes unspecified countries in Africa, Oceania, and Eastern Europe,and all Western European dependencies located outside Europe and Asia.

2 Includes purchase of $36 million from the U.S.S.R.3 Includes purchase of $27 million from Poland.4 Includes sale of $6 million to Czechoslovakia.5 Includes purchase of $13 million of Rumanian-owned gold blocked

under Executive Order No. 10,644, issued pursuant to 69 Stat. 562.6 Represents payment of U.S. gold subscription to the International

Monetary Fund.

7 Proceeds from this sale invested by the IMF in U.S. Governmentsecurities; upon termination of the investment the IMF can reacquirethe same amount of gold from the United States.

8 Represents payment to the IMF of $344 million as increase in U.S.gold subscription less sale by the IMF of $300 million (see also note 7).

9 Represents payment of increase in U.S. gold subscription to the IMF.

11


3. GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS, 1945 60[In millions of dollars]

End of quarter

Esti-matedtotal

world*

Intl.Mone-

taryFund

UnitedStates

Esti-matedrest ofworldi

Argen-tina

Aus-tralia Austria

Bel-gium Bolivia Brazil Canada Chile

Colom-bia

1945—Dec

1946—Mar..June.Sept..D e c .



1949_Mar..June.Sept..D e c .





1954_Mar..June.Sept..D e c .







33,300

33,35033,42533,48533,635

33,68533,84533,97034,115

34,18034,25534,34534,525

34,67534,75034,88035,005

35,11535,30535,32535,340

35,41535,52535,54535,590

35,57035,65035,74035,815

35,87535,96536,04536,290

36,49036,69036,80036,940

37,10037,32537,48537,620

37,82037,95038,01038,105

38,39538,54538,61538,810

38,96039,13039,31039,490

39,65039,88540,02540,185

40,35540,56540,69040,525

15

1,3041,3441,3461,356

1,3581,3631,4031,436

1,4361,4401,4501,451

1,4601,4601,4941,494

1,4951,5181,5291,530

,532,537,683,692

,693,698,700,702

,703,727,734

1,740

1,744,745,751,808

,786,743

1,711,692

,438,147,167,180

,1861,242,307,332

,352,910

2,0522,407

2,4542,5152,5642,439

20,083

20,31120,34120,41920,706

20,62521,41822,08522,868

23,21523,74124,06024,399

24,46824,63724,72824,563

24,36024,33123,59122,820

21,92721,87222,16422,873

23,42823,53323,52623,252

22,64922,52122,22022,091

22,03522,02721,86321,793

21,76321,73021,74521,753

21,76521,86822,03222,058

22,40622,73222,75922,857

22,48721,41220,92920,582

20,48619,74619,57919,507

19,45719,36318,72517,804

13,215

13,04013,08513,06512,915

11,75511,08510,5409,890

9,6059,1508,8808,690

8,7708,6758,7008,990

9,2959,51510,24011,025

11,99512,13511,85011,185

10,61010,58010,53010,870

11,53511,74512,12512,495

12,75012,93513,20513,405

13,59513,85013,99014,060

14,27014,34014,26514,355

14,55014,66514,69014,775

15,28516,47517,07517,575

17,81018,23018,39518,270

18,44518,68519,40020,280

1,197

1,1671,1651,1431,072

887635451322

266202166143

143167167210

210210210210

288288276267

267267267287

343363372372

372372372372

372372372372

372352258224

193181166126

12612511460

57575756

565584104

52

60667381

899710088

87878687

87878687

87

9198106112

113113112112

113112113117

124128138138

137140138144

154164106107

113116116126

136147154162

163135143154

163149159147

5555

5555

10191950

50505050

50505050

50505050

52525252

52525252

56575962

62627171

71717171

788087103

103103136194

212256291292

292292293293

716

753761722735

633643651594

589630643624

641704716698

681663599587

625580638635

624669714704

702696723776

787765760778

824839877928

953953972925

853843870915

9981,1401,2281,270

1,2461,2701,2541,134

1,1831,1911,0941,170

22

22222222

22222223

23232323

23232323

23232323

23232323

23232221

21212121

354

361359355354

354354354354

354354317317

317317317317

318318318318

319319319319

319320320320

320321321321

321321322322

322322322323

323323323324

324324324324

324325325325

326326326327

294286287287

354

513540565536

388339336287

314340371401

408419450486

502510543580

610646683842

866884883885

906935960986

,016,0341,053,073

,092,106,132,134

,120,101,106,103

,101,103,102,100

,089,077,078,078

,072,073,039960

950909894885

82

82837365

53454545

45464443

44444340

40404040

45454545

45424242

42414242

42424242

43424244

43464546

46434040

40404040

40404143

41424245

127

131134142145

126938983

86656251

50464952

65687174

63676848

62646576

82868686

86868685

85868686

85855757

57585862

65677072

73746971

73737578

For note see p. 15.

12


3. GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS, 1945-60 — Continued[In millions of dollars]

End of quarter

1945_Dec

1946—MarJuneSer>tDec

1947 MarJuneSeDtDec

1948 MarJuneSept . .Dec

1949 MarJuneSeptDec

1950—Mar..JuneSentDec

1951—MarJuneSent ...Dec

1952—MarJuneSentDec

1953—MarJuneSeptDec

1954—Mar

SeptDec

1955—MarJuneSept . .Dec



1958—Mar

SeptDec

1959 MarJuneSeptDec

I960 MarJuneSentDec

Cuba

191

201201211226

229259279279

279289289289

289289299299

299299291271

271281311311

321318280214

196196196186

186186186186

186186186136

136136136136

136136136136

13613613580

76757550

191931

Den-mark

38

38383838

32323232

32323232

32323232

32313131

31313131

31313131

31313131

31313131

31313131

31313131

31313131

31313131

31313131

31313131

Domini-can

Repub-lic

2

2222

5444

4444

4444

68812

12121212

12121212

12121212

12121212

13131311

11111111

11111111

11111210

10101010

Ecua-dor

21

21181821

20202020

20212121

21212121

20191919

22222222

22222323

23232323

23232323

23232323

23232222

22222222

22222222

22202020

20202020

El Sal-vador

13

13131312

15151515

15151515

14141717

19202023

23262626

26302929

29292929

29292929

29292828

28282828

32313131

31313131

31313030

30303030

Fin-land

3

1

4666

6666

8101012

14202026

26262626

26262626

26313131

31313235

35353535

35353535

35353535

38383838

38383841

France

1,548

1,1181 019944867

741680494549

550567548548

548524537543

569565594662

747746734597

566586589582

597598593617

644695688708

768955

1,038942

1,0021,036965924

893867581581

580653726750

812899921

1,290

1,3221,5511,6271,641

Ger-many,FederalRep. of

28

2892118140

185210259325

391418574626

714761825920

1,0031 1041,2941,494

1,7562,0292,3992,542

2,4602,5752,5972,639

2,6782,7042,6212,637

2,6702,7722,8882,971

Greece

28

23222319

16151514

9766

4556

5542

4544

991010

10111111

11111111

11111111

11111110

11111313

13131417

20252626

26263176

Guate-mala

28

28282828

27272727

27272727

27272727

27272727

27272727

27272727

27272727

27272727

27272727

27272727

27272727

27272727

27252424

24242424

India

274

274274274274

274274274274

274274264256

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

247247247247

Indo-nesia

200

200200200200

180180180180

180180180178

178178178178

178178188209

228229229280

280280280235

208208163145

98818181

81818181

81544645

43404139

39383837

37414133

33333358

13



End of quarter

1945 Dec

1946 Mar .JuneSeptDec

1947 MarJune ..SeptDec . ...

1948—Mar ...June ..SeptDec .

1949—MarJuneSept . .Dec

1950 Mar . . ..

SeptDec .

1951—MarJune ..SeptDec .

1952—MarJune .•SeptDec .


1954 MarJuneSeptDec

1955—MarJune •.SeptDec .

1956—Mar

SeptDec


1958—MarJune ...SeptDec

1959—MarJune . ..SentDec

I960—MarJune . ...SeptDec

Iran

131

124124123149

149150142142

142142140140

140140140140

140140140140

139138138138

138138138138

137137137137

137138138138

138138138138

138138138138

138138138138

138138138141

140140140140

131131131130

Iraq

8

88814

14141420

25252534

34348484

84848498

Italy

24

2828

J\

tOtO

X

0000

585858

58585896

100126256256

256256256256

256256281333

346346346346

346346346346

346346346346

346346346352

352353360338

364364428452

462607847

1,086

1,1901,3111,4761,749

1,9021,9972,1862,203

Leba-non

toto

to

22

222

oto

to

to

2

2n an.a.13

13

202020

21242626

27292931

33343535

45464663

63676774

74747477

84848491

91919191

102102102102

102102102119

Mexico

294

257235213181

149131100100

87714442

39

323852

6871115208

304205191208

1857087144

179172155158

162

576062

6478141142

164165166167

166165182180

158153147143

142160165142

142142121137

Nether-lands

270

270270265265

197190191232

194184174167

167167162195

231231231311

311311311316

340344326544

605615723737

772777796796

798804804865

875853854844

814806700744

847910956

1,050

1,1641,1641,1621,132

1,1641,2311,346

NewZea-land

23

23232323

23232323

23232323

23262627

27282929

30313132

32333333

33333333

33333333

33333333

33333333

33333333

33333333

34343434

34343535

Nor-way

80

80808891

76777372

66666552

52525151

50505050

50505050

50505050

55555552

47474545

45454545

45454650

45464545

43434343

43433030

30303030

Paki-stan

1114

25272727

27272727

27272727

38383838

38383838

38383838

38384848

48494949

49494949

49494949

49505050

52525252

Peru

28

28232424

20202020

20202020

20202028

28282831

46464646

46464646

46464536

36363535

35353535

35353535

35353528

20202019

19191928

28282742

Philip-pines

2233

4567

7899

9999

9999

10111316

17182022

2326206

8111410

71079

12161315

Portu-gal

435

442439433433

402388344310

286261246236

206196183178

177177177192

202217234265

274274277286

305324337361

386393416429

438436427428

431436442448

461458467461

454474486493

501512525548

549549550552

14



End of quarterSouthAfrica

914

1,0141,046970939

803757805762

438373269183

166149121128

166177179197

205210210190

169148158170

174175175176

177187195199

203212214212

212215214224

233234215217

193159188211

193201225238

256240204178

Spain

110

111111111111

111111111111

111111111111

111111111111

111111111111

111111111111

111111111127

128130130130

130132132132

132132132132

132132132132

132132132101

10110110157

57575768

787898178

Sweden

482

478473472381

26516893105

97858181

80717070

69718790

114129128152

214213202184

194193206218

218219219265

265264264276

273257263266

252231235219

203204204204

204205191191

171171171170

Switz-erland

1,342

1,3611.3761|4121,430

1,4321,3551,3861,356

1,3531,3451,3711,387

1,4081,4191,4851,504

1,5271,5591,5291,470

1,4481,4511,4461,452

1,4321,4081,4041,411

1,4181,4411,4561,459

1,4691,4691,5031,513

1,4991,4851,5131,597

1,6081,5711,6341,664

1,6251,6221,7131,706

1,7081,8571,9341,925

1,9351,9091,9001,934

1,7771,7741,9802,185

Thai-land

86

86868678

78787878

78787878

787878118

118118118118

118115113113

113113113113

113113113113

113113113113

113113112112

112112112112

112112112112

112112112112

112112112104

104104104104

Turkey

241

241240237237

233191169170

171164160162

162160159154

154149146150

150150150151

150150146143

144144143143

144144144144

144144144144

144144144144

144144144144

144144144144

144144144133

133133133134

U.A.R.(Egypt)

52

52525253

53535353

53535353

53535353

80839898

118143174174

174174174174

174174174174

174174174174

174174174174

174174174188

188188188188

174174174174

174174174174

174174174174

UnitedKing-dom 2

2,476

n.a.2,301n.a.

2,696

2,3802,4102,3832,079

2,2411,9201,7771,856

1,9121,6511,4251,688

1,9842,4222,7563,300

3,7583,8673,2692,335

1,7001,6851,6851,846

2,1662,3672,4862,518

2,6853,0172,9012,762

2,6672,6802,3452,120

2,2772,3852,3282,133

2,2092,3811,8502,273

2,7703,0763,1203,069

3,1393,1723,2842,736

2,7802,8923,1083,231

Uru-guay

195

195204205200

197189183175

200203181164

164161177178

190189217236

295280252221

211211211207

217222222227

227227227227

227227216216

216216214186

183183183180

180180180180

180180180180

180180180180

Vene-zuela

202

212215215215

235235215215

240263304323

323323373373

373373373373

373373373373

373373373373

373373373373

373403403403

403403403403

403403403603

669669719719

719719719719

719719719652

652512462398

Bankfor Intl.Settle-ments3

33

34343326

21212325

34243231

42514854

56464653

61704047

44446047

78637075

71717676

99111112121

105683759

30271224

26-18-40-42

-4524-9

-134

17-103-79-19

EPU-EF4

1945—Dec.

1946—Mar.JuneSept.Dec.

1947_Mar.JuneSept.Dec.


1949_Mar.JuneSept.Dec.


1951—Mar.June,Sept.Dec,


1953—Mar.JuneSept.Dec

1954_Mar.June,Sept.Dec


1956—Mar.June.Sept.Dec.

1957_Mar.June.Sept.Dec.



I960—Mar.June.Sept.Dec.

2665

154216184158

153153153153

153153153153

153153212244

262282244268

229254

126126126126

25242640

39485355

1 Excludes U.S.S.R., other Eastern European countries, and ChinaMainland.

2 Through September 1958, represents Exchange Equalization Accountreserves of gold and U.S. and Canadian dollars, as reported by the BritishTreasury; thereafter represents EEA gold and convertible currencyreserves.

3 Represents net gold assets of BIS, i.e., gold in bars and coins andother gold assets minus gold deposit liabilities.

4 European Payments Union through December 1958 and EuropeanFund thereafter.

15


4. GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIESAND INTERNATIONAL ORGANIZATIONS

Area and country

Western Europe:

Finland

Germany, Fed. Rep. ofGreeceItaly . .Netherlands . . . .Norway

Sweden

Turkey

Other2

Total - . . . . . .

Latin American republics:Argentina

BrazilChile

Cuba

El Salvador . . . . . . . .Guatemala

Peru

VenezuelaOther

Total.

Asia:

Indonesia

Japan

ThailandOther

Total

All other:

South AfricaU A R (Egypt)Other3

Total

Total foreign countries 4

International

Grand total4

Memorandum item:

[End of quarter

1949

Gold &short-term

dollars

928187031

715149

36560366120216127160

2,016164

1,924347

7,911

1,355

41137

510101138463

394551

2677481

236516

81

3,050

310194157340298143522

1,964

119134115303

671

14,951

3,109

18,060

2,707

4

U.S.Govt.bonds

& notes

5

18

1047

51

51

10310

214

161

1

2

23

121

1

22

2

1618

8

44

8

8

449

159

608

112

; in millions of dollars]

1950

1

Gold &short-term

dollars

938006127

726180

37516410129213123175

2,101164

2,212334

8,301

1,359

43136

459110145484436255

2448180

248483

86

3,047

309206157400291142469

1,974

109182137304

732

15,413

3,094

18,507

3,035

U.S.Govt.bonds

& notes

245

16

1047

52

48

1144

221

253

12

23

141

1

24

2

1618

9

45

13

13

556

188

744

124

Gold &short-term

dollars

857686726

784228

44536457117209120184

2,154162

2,662335

8,938

1,340

44837

443102122536474752

2247478

255490

79

3,034

298220155467293148461

2,042

107192141325

765

16,119

3,031

19,150

3,501

2

U.S.Govt.bonds

& notes

1445

16

948

51

50

1204

240

328

42

1123

141

1

38

2

220

8

32

14

14

652

242

894

130

3

Gold &short-term

dollars

857116726

842286

46560487130216124197

2,129158

3,103311

9,478

1,876

47942

505117137552464450

2917286

291475

82

3,269

303261158526321153447

2,169

103213162325

803

17,595

3,076

20,671

3,947

U.S.Govt.bonds

& notes

18105

146

938

52

58

12410

398

426

52

1122

15

1

2

40

2

219

8

31

15

15

910

249

1,159

139

Gold &short-term

dollars

927157630

923222

3457150594

238132205

2,023164

3,557452

10,033

1,479

51243

544120127530473952

4155991

311458

91

3,439

303324160587377166417

2,334

107241174336

858

18,143

3,022

21,165

4,433

4

U.S.Govt.bonds

& notes

18124

217

93

43

41

58

13219

520

654

252

11

215

1

3

61

2

219

9

32

9

9

1,276

276

1,552

146

For notes see p. 23.

16


4. GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIESAND INTERNATIONAL ORGANIZATIONS —- Continued

Area and country

Western Europe:AustriaBelgiumDenmark . .FinlandPranceGermany Fed Rep ofGreeceItalyNetherlandsNorwayPortucalSpain . .SwedenSwitzerland . . .TurkeyUnited Kingdom1

Other2

Total

Canada

Latin American republics:ArcentinaBoliviaBrazilChileColombiaCubaDominican RepublicEl SalvadorGuatemala . .MexicoPanama Republic ofPeruUruguayVenezuelaOther

Total

Asia:IndiaIndonesiaIran .JapanPhilippinesThailandOther

Total

All other:AustraliaSouth AfricaU A R (Egypt)Other3

Total

Total foreign countries4

International

Grand total4

Memorandum item:Sterling area

[End of quarter, in millions of dollars]

1951

Gold&short-term

dollars

95746

7933

980242

38562510104255128219

1,953167

4,014403

10,528

1,439

63345

579115107547527059

41352

101377463107

3,720

307366163534399171446

2,386

118226203343

890

18,963

2,977

21,940

4,871

I

U.S.Govt.bonds

& notes

20134

236

92

43

41

56

14726

561

626

262

1122

15

2

2

62

2

221

9

34

14

14

1,297

349

1,646

161

Gold&short-term

dollars

94704

7643

99235744

532446110263129228

1,960162

4,145388

10,673

1,610

63248

531115125609

597757

32958

100355449113

3,657

327365165471409181466

2,384

124227232348

931

19,255

3,053

22,308

5,027

I

U.S.Govt.bonds

& notes

11114

250

92

33

4

55

12124

525

497

1

282

23

151211

56

115

220

8

46

14

14

1,138

295

1,433

134

Gold &short-term

dollars

107771

7643

95750345

569446153282125217

1,958162

3,613362

10,389

1,706

58849

459100114623

596450

3355999

332449108

3,488

316402163620375193459

2,528

128222279349

978

19,089

3,081

22,170

4,480

3

U.S.Govt.bonds

& notes

684

211

1014

4

51

1108

418

335

1

282

24

1412

3

58

15

220

8

36

16

16

863

275

1,138

118

4

Gold &short-term

dollars

107770

7653

886434

50633465150306128224

1,973165

2,843398

9,661

2,149

51751

41999

154575585454

3666893

306445102

3,361

309421163729337210494

2,663

151197285380

1,013

18,847

3,171

22,018

3,744

U.S.Govt.bonds

& notes

694

iii

1014

41

43

1057

405

100

1

1

282

25

14

213

59

1

219

8

30

16

16

610

261

871

114

1952

Gold &short-term

dollars

106756

7053

81739050

638490154316129276

1,977161

2,284505

9,172

2,206

45644

419102157609637066

35768

102294440119

3,366

293421164815339234494

2,760

151178301387

1,017

18,521

3,094

21,615

3,168

1

U.S.Govt.bonds

& notes

694

210

1014

41

45

1137

414

106

1

282

25

13

124

58

1

216

8

27

1

15

16

621

257

878

123

Gold &short-term

dollars

102806

6547

88554551

613547145315129281

2,009171

2,218538

9,467

2,387

41447

40196

138635626765

26674

103309503123

3,303

306456159849341240493

2,844

163159292394

1,008

19,009

3,150

22,159

3,106

2

U.S.Govt.bonds

& notes

684

208

1014

41

42

1258

421

117

1

1

282

248

125

54

1

215

8

26

17

17

635

258

893

135


17


4. GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIESAND INTERNATIONAL ORGANIZATIONS — Continued

Area and country

Western Europe:AustriaBelgiumDenmarkFinlandFrance . . . .Germany Fed Rep ofGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited Kingdom *Other2

Total

Canada

Latin American republics:ArgentinaBoliviaBrazilChileColombiaCubaDominican RepublicEl SalvadorGuatemalaMexicoPanama Republic ofPeruUruguay . .VenezuelaOther

Total

Asia:India . . •Indonesia

JapanPhilippinesThailandOther

Total

All other:Australia . .South AfricaU A R. (Eevot)Other 3

Total

Total foreign countries 4 . . .

International

Grand total4


[End of quarter;

1952

3

Gold &short-term

dollars

1268518252

993604

50638671154328131280

2,018155

2,241649

10,023

2,413

39743

409100153601

595459

32080

102302527133

3,339

302367156891329271544

2,860

166170266417

1,019

19,654

3,265

22,919

3,146

U.S.Govt.bonds

& notes

664

208

1034

41

45

1568

455

143

1

1

282

258

125

55

1

28

8

19

1

15

16

688

259

947

167

4

Gold &short-term

dollars

14382810155

925691

57655747160343146275

2,053151

2,318571

10,219

2,306

42645

393121194515565561

37581

107301519132

3,381

312296157929324294559

2,871

159194234466

1,053

19,830

3,277

23,107

3,253

U.S.Govt.bonds

& notes

664

208

103

10

41

46

1969

503

310

1

2

282

258

22

53

1

28

8

19

1

17

18

903

270

1,173

207

in millions of dollars]

Gold &short-term

dollars

1548339352

85677167

651836171360146283

2,051153

2,627624

10,728

2,255

48541

396128206527598473

39391

113309490153

3,548

323275156

1,019334306601

3,014

168207227480

1,082

20,627

3,204

23,831

3,596

I

U.S.Govt.bonds

& notes

665

208

1034

31

45

2038

502

301

2

28

258

223

53

1

28

8

19

1

16

17

892

307

1,199

214

1953

2

Gold &short-term

dollars

17182410260

90089382

660884164381149280

2,091152

2,886667

11,346

2,054

51947

455129208579597472

33997

109311530159

3,687

334246155

1,015316311559

2,936

179212229486

1,106

21,129

3,227

24,356

3,880

U.S.Govt.bonds

& notes

665

208

""io"34

31

45

2128

511

306

2

2

29

255

223

52

1

28

8

19

1

17

18

906

311

1,217

223

3

Gold &short-term

dollars

21387111357

9691 053

89714954169404153309

2,120157

3,051724

12,120

2,157

51941

485134202587576363

325102105311571145

3,710

340198168

1,055318304572

2,955

167214218485

1,084

22,026

3,202

25,228

4,040

U.S.Govt.bonds

& notes

695

158

1024

3

44

2239

474

250

2

2

29

52

123

46

1

28

8

19

1

17

18

807

292

1,099

234

4

Gold &short-term

dollars

24390612764

1,0461 224

112812980171433166335

2,133157

3,009761

12,679

2,282

50240

423121236527515665

34190

104337595130

3,618

346184181951304281598

2,845

176214217482

1,089

22,513

3,331

25,844

4,021

U.S.Govt.bonds

& notes

6961

158

9

5

31

41

23210

482

227

2

21

43

41

125

61

1

28

9

20

1

15

16

806

285

1,091

242

For notes, see p. 23.

18



Area and country

Western Europe:AustriaBelgiumDenmarkFinlandFranceGermany, Fed. Rep. ofGreeceItalyNetherlandsNorway . . .PortugalSpainSwedenSwitzerlandTurkeyUnited Kingdom1.Other2

Total . .

Canada

Latin American republics:ArgentinaBoliviaBrazilChileColombiaCubaDominican Republic . . . .El SalvadorGuatemalaMexicoPanama, Republic of...PeruUruguayVenezuelaOther

Total

Asia:IndiaIndonesiaIranJapan .PhilippinesThailandOther

Total

All other:AustraliaSouth Africa .U.A.R. (Egypt)Other3

Total

Total foreign countries4

International

Grand total4


[End of quarter in millions of dollars]

1954

1

Gold &short-term

dollars

27392913371

1,0641,385

123841987169462152337

2,134153

3,198808

13,219

2,356

54235

431102247548617680

32993

109329562163

3,707

329166185800319268646

2,713

174221224484

1,103

23,098

3,401

26,499

4,194

U.S.Govt.bonds

& notes

8973

153

925

3

38

2507

494

230

21

42

4

41

126

63

1

28

9

20

1

i415

822

285

1,107

260

Gold &short-term

dollars

29587712473

1,1361,503

125802

1,049178479158342

2,105151

3,536808

13,741

2,355

54936

417103317532687175

25888

103335621145

3,718

338140172740308243639

2,580

176225226477

1,104

23,498

3,364

26,862

4,548

I

U.S.Govt.bonds

& notes

111073

187

925

3

36

2399

521

202

21

80

4

6

135

102

1

37

8

19

13

13

857

306

1,163

248

Gold &short-term

dollars

34186410769

1,1621,822

105874

1 044177499190399

2,172150

3,388729

14,092

2,437

57735

413117254477

735464

31577

111329614147

3,657

320168164794318238660

2,662

173234219460

1,086

23,934

3,536

27,470

4,387

3

U.S.Govt.bonds

& notes

111073

187

915

31

33

23420

524

198

21

104

4

6

138

129

1

37

8

19

13

13

883

341

1,224

243

4

Gold &short-term

dollars

33587810272

1,4231,999

124925

1,045148520203406

2,185152

3,190733

14,440

2,609

53234

442112307423

725962

39174

118317597133

3,673

334181169847266236706

2,739

186232221454

1,093

24,554

3,510

28,064

4,214

U.S.Govt.bonds

& notes

121073

161

1016

31

38

2167

475

93

21

124

4

13

10

146

1

36

9

19

1

12

13

746

354

1,100

226

1955

Gold &short-term

dollars

33792310069

1,5182,125

141957

1,020109530225386

2,149154

3,137754

14,634

2,413

52426

417118182420

757272

42779

114308591140

3,565

334179178837264245738

2,775

194236228460

1,118

24,505

3,557

28,062

4,179

1

U.S.Govt.bonds

& notes

12973

161

52214

31

42

2495

533

182

21

149

41

13

11

172

115

3617

33

1

12

13

933

362

1,295

259

Gold &short-term

dollars

331946

8569

1,7402,158

138992

1,006116530241383

2,170156

3,139779

14,979

2,375

52928

442136188431

837978

41984

118291664138

3,708

344196190880263243786

2,902

204242224474

1,144

25,108

3,599

28,707

4,206

2

U.S.Govt.bonds

& notes

121065

1603

23736

3

42

2809

605

262

21

149

42

13

12

174

115

3615

31

1

12

13

1,085

317

1,402

289


19



Area and country

Western Europe:AustriaBelgiumDenmarkFinland . . . .FranceGermany, Fed. .Rep. ofGreeceItalyNetherlandsNorwayPortugalSpainSwedenSwitzerlandTurkeyUnited Kingdom *Other 2

Total

Canada

Latin American republics:ArgentinaBoliviaBrazilChileColombiaCubaDominican RepublicEl SalvadorGuatemalaMexicoPanama, Republic ofPeru.UruguayVenezuelaOther

Total

Asia:IndiaIndonesia . .

JapanPhilippinesThailandOther

Total

All other:AustraliaSouth AfricaU A.R. (Egypt)Other*

Total


International

Grand total 4

Memorandum item:Sterling area . . .

[End of quarter;

1955

:

Gold &short-term

dollars

3519819573

2,0182,250

1451,1051,003

113539252411

2,197153

2,800742

15,228

2,311

53726

469129184423

826170

48185

124277662140

3,750

339201174987266235813

3,015

210251234481

1,176

25,480

3,595

29,075

3,885

U.S.Govt.bonds

& notes

121075

1615

23753

3

44

2866

631

397

2

169

4

13

14

194

115

361

12

38

1

13

14

1,274

320

1,594

303

4

Gold &short-term

dollars

3321,036

9184

2,0232,374

1871,1371,029

127560236429

2,354153

2,600726

15,478

2,166

51026

466139217389775272

55686

127281668124

3,790

320255175

1,021268250847

3,136

219265246480

1,210

25,780

3,689

29,469

3,681

U.S.Govt.bonds

& notes

101075

1518

24053

3

44

2827

622

437

2

169

41

13

15

195

115

461

13

40

1

13

14

1,308

321

1,629

295


1956

1

Gold &short-term

dollars

3231,077

10280

2,1252,490

1941,1581,068

99564231444

2,341154

2,820796

16,066

2,298

51127

538141222374797491

58382

127289627147

3,912

330236166

1 084285263867

3,231

230255242493

1,220

26,727

3,680

30,407

3,911

U.S.Govt.bonds

& notes

1012656

10

21969

3

70

2417

460

369

21

167

4

13

14

192

1

461

14

26

1

11

12

1,059

319

1,378

254

Gold &short-term

dollars

3181,058

9982

1,9132,742

1761,2141,059

100560222426

2,307151

2,875819

16,121

2,386

All25

540147223399817393

52394

115283734154

3,961

329171169

1,167300253895

3,284

243245236512

1,236

26,988

3,750

30,738

3,962

U.S.Govt.bonds

& notes

1012657

11

22073

3

117

2539

528

362

2

167

4

314

193

461

14

26

1

11

12

1,121

317

1,438

265

3

Gold &short-term

dollars

3481,089

9590

1,7203,099

1611,2861,022

109574200453

2,446158

2,820821

16,491

2,541

39925

582151180407

775380

561104117290808133

3,967

328204174

1 186298254885

3,329

177248222512

1,159

27,487

3,717

31,204

3,853

U.S.Govt.bonds

& notes

1012657

13

22079

3

i26

26620

569

352

11

167

4

13

14

191

1

461

17

29

1

12

13

1,154

392

1,546

286

A

Gold &short-term

dollars

3671,042

9688

1,5503,329

1871,268

978117585175483

2,500164

2,812770

16,511

2,619

37029

549137210347795391

600109119259

1,058113

4,123

323231158

1 145294260959

3,370

191211238512

1,218

27,841

3,144

30,985

3,904

U.S.Govt.bonds

& notes

1012657

14

25

87

3

131

20317

502

367

11

167

41

313

191

1

461

18

30

1

12

13

1,103

391

1,494

223


20



Area and country

Western Europe:AustriaBelgium . .DenmarkFinlandFranceGermany, Fed. Rep. ofG r e e c e . . . .ItalyNetherlands . . .

Portugal

SwedenS witzerlandTurkeyUnited Kingdom *Other2

Total

Canada

Latin American republics:ArgentinaBoliviaBrazil... . . . .ChileColombiaCubaDominican RepublicEl SalvadorGuatemala . . . .MexicoPanama Republic ofPeruUruguay .

Other

Total

Asia:India... .IndonesiaIranJapanPhilippinesThailandOther

Total

All other:

South AfricaU A R (EKVDOOther 3

Total


International

Grand total 4

Memorandum item:Sterling area . . .

[End <>f quarter; in millions of dollairs]

1957

Gold &short-term

dollars

37499410794

1,3163,520

1891,250

934121584164480

2,399158

2,854768

16,306

2,597

33125556

1372503548973

101575117117257

1,043134

4,159

324188178

1,003267279972

3,211

193293248543

1,277

27,550

2,996

30,546

3,953

I

U.S.Govt.bonds

& notes

911658

14

26

93

3

132

23826

553

438

11

167

41

22

12

190

1

461

22

34

1

13

14

1,229

392

1,621

269

Gold &short-term

dollars

3829629294

1,2703,719

1771,323

916133578157499

2,431158

2,894753

16,538

2,694

34526

467131263393988197

504135110248

1,450140

4,488

323168173754243279

1,011

2,951

191294246544

1,275

27,946

2,720

30,666

3,994

I

U.S.Govt.bonds

& notes

811659

14

26

86

3

132

26428

574

457

11

167

41

12

11

188

1

261

22

32

1

13

14

1,265

366

1,631

299

Gold &short-term

dollars

4241,002

13397

9924,063

1521,458

872139591156508

2,515156

2,507738

16,503

2,752

31330

457117244416

706587

55312996

2431,615

128

4,563

329220187698235275

1,026

2,970

197262242535

1,236

28,024

2,679

30,703

3,601

3

U.S.Govt.bonds

& notes

88659

14

29

81

3

134

18028

487

443

11

167

31

12

13

189

1

261

23

33

1

12

13

1,165

222

1,387

216

4

Gold &short-term

dollars

4521,045

14399

9354,099

1671,531

947138603125479

2,673162

2,875741

17,214

2,723

26327456

115215371655892

56613688

2351,554

127

4,368

329190193714181269

1,027

2,903

211255228514

1,208

28,416

2,697

31,113

3,964

U.S.Govt.bonds

& notes

88659

14

210

105

35

128

20531

539

457

11

154

31

12

13

176

1

251

25

34

1

13

14

1,220

222

1,442

245

1958

Gold &short-term

dollars

4581,108

16296

8993,971

1671,5281,170

150609129461

2,608157

3,460834

17,967

2,715

27024

440117200371596293

53614882

2661,428

155

4,251

326128190833196269

1,026

2,968

218231216525

1,190

29,091

2,563

31,654

4,523

I

U.S.Govt.bonds

& notes

7765

1015

21095

38

118

24129

556

441

1

146

32

212

168

1

251

24

33

1

14

15

1,213

355

1,568

284

Gold &short-term

dollars

4661,249

14582

9514,043

1351,6781,203

151628132458

2,684156

3,810836

18,807

3,078

26524

450126192417

646491

48514093

2581,459

152

4,280

328127202932175260

1,017

3,041

222183192488

1,085

30,291

2,696

32,987

4,829

I

U.S.Govt.bonds

& notes

7765

2612

49

89

34

88

22027

507

345

11

86

31

22

12

108

51

21

29

1

14

15

1,004

446

1,450

261


21


GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIESAND INTERNATIONAL ORGANIZATIONS — Continued

Area and country

Western Europe:AustriaBelgiumDenmark . .FinlandFranceGermany Fed. Rep of . .GreeceItalyNetherlandsNorwayPortucalSpain .SwedenSwitzerland .TurkeyUnited Kingdom ^ .Other2

Total

Canada

Latin American republics:ArsentinaBolivia..BrazilChileColombiaCubaDominican RepublicEl SalvadorGuatemalaMexico .Panama Republic ofPeruUruguayVenezuela . . .Other

Total . .

Asia:IndiaIndonesiaIranJapanPhilippinesThailandOther

Total

All other:AustraliaSouth AfricaU A R (Eevot)Other 3

Total

Total foreign countries4 . . . .

International

Grand total4


[End of quarter;

1958

3

Gold &short-term

dollars

5541,334

19398

1,1394,330

1261,9341,293

144643134496

2,733154

3,851839

19,995

3,022

24522

458124207409

595675

51714892

2601,233

135

4,040

320129181

1,018191252973

3,064

228216192483

1,119

31,240

2,790

34,030

4,904

U.S.Govt.bonds

& notes

7665

1113

19

97

33

88

21631

496

346

11

86

31

22

12

108

1

13

24

30

1

15

16

996

462

1,458

263

4

Gold &short-term

dollars

6051,385

200104

1,2824,394

1432,2071,389

17365693

5072,777

1643,723

870

20,672

3,097

21023

463140241366515769

56114696

2621,213

119

4,017

324145184

1,094186245

1,041

3,219

241241190512

1,184

32,189

2,876

35,065

4,837

U.S.Govt.bonds

& notes

7661

1213

210

120

31076

19429

489

341

1

86

42

211

106

131

27

32

1

14

15

983

495

1,478

242


Gold &short-term

dollars

6291,363

169113

1,4564,063

1582,4211,511

151676

87498

2,781164

3,923738

20,901

3,159

23721

504135262339526470

54315693

2761,227

155

4,134

337156195

1,232180250

1,081

3,431

246221190508

1,165

32,790

3,027

35,817

5,036

I

U.S.Govt.bonds

& notes

76

43

1215

211

125

33180

18442

562

344

1

86

32

213

107

1

j

31

32

38

1

18

19

1,070

523

1,593

238

1959

2

Gold &short-term

dollars

6461,388

141109

1,8804,171

1792,7201,520

15666392

5552,787

1653,909

691

21,772

3,195

26323

480170278317556967

56614796

2691,219

155

4,174

346118179

1,380178246

1,139

3,586

226237190525

1,178

33,905

4,665

38,570

5,023

U.S.Govt.bonds

& notes

77

44

3216

213

133

33182

20149

621

342

1

82

42

213

104

1

231

31

38

1

21

22

1,127

523

1,650

261

Gold &short-term

dollars

6851,383

144109

2,0784,057

1873,0541,597

133676124521

2,805176

3,956677

22,362

3,284

32521

495212266277495559

565157107251997143

3,979

366149167

1,420187239

1,221

3,749

252268190515

1,225

34,599

5,043

39,642

5,148

3

U.S.Govt.bonds

& notes

77

541

3216

"""is"136

13

6890

26448

742

450

1

82

42

313

105

1

251

39

48

1

23

24

1,369

605

1,974

326

4

Gold &short-term

dollars

6231 272

168109

1 9454,624

2123,1191,617

125686154404

2,903164

3,490591

22,206

3,158

39325

478228288214475861

584129110242929123

3,909

361172187

1 564181245

1,245

3,955

264287194526

1,271

34,499

5,565

40,064

4,730

U.S.Govt.bonds

& notes

77

641

3516

17141

13

10188

32351

855

452

1

82

33

312

105

1

23

46

53

1

41

42

1,507

660

2,167

407


22


GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIESAND INTERNATIONAL ORGANIZATIONS — Continued

[End of quarter

Area and country

Western Europe:AustriaBelgium . . . . .DenmarkFinlandFrance.Germany, Fed. Rep. ofGreeceItalyNetherlands . . .NorwayPortugalSpainSwedenSwitzerlandTurkeyUnited Kingdom *Other2

Total

Canada

Latin American republics:Argentina . . . . . .Bolivia.BrazilChileColombiaCubaDominican RepublicEl SalvadorGuatemalaMexicoPanama, Republic of . .PeruUruguayVenezuelaOther 6

Total

Asia:IndiaIndonesia . . .IranJapan

ThailandOther

Total

All other:AustraliaSouth AfricaU.A.R. (Egypt)Other3

Total


International

Grand total4

Memorandum item:Sterling area .


1960

i

Gold &short-term

dollars

5561,339

145123

2,0414,682

1863 0531,646

129674189388

2,708163

3,716616

22,354

3,307

44422

450193277168396377

574128100242897149

3,823

351183176

1,644190253

1,236

4,033

272299207528

1,306

34,823

5,754

40,577

4,972

U.S.Govt.bonds

& notes

76

64

3716

18141

13

7987

36838

866

485

1

82

431

312

106

101

231

53

70

1

54

55

1,582

709

2,291

476

Gold &short-term

dollars

4901,340

11199

2,3105,243

1383 0491,643

131637227432

2,713152

4,124506

23,345

3,439

44322

448186262149456170

497116105240813260

3,717

306188168

1,755214264

1,107

4,002

263280216548

1,307

35,810

5,835

41,645

5,302

2

U.S.Govt.bonds

& notes

77

531

1816

17158

37984

40338

885

429

1

82

1421

311

105

40

22

70

115

1

57

58

1,592

755

2,347

550

Gold &short-term

dollars

5161,240

7885

2,2735,995

1093,1811,646

115638235395

2,786149

4,503469

24,413

3,552

45424

460179242108435265

49512797

244795281

3,666

297195156

1,984237276

1,026

4,171

259235196552

1,242

37,044

6,133

43,177

5,627

3

U.S.Govt.bonds

& notes

77

531

1716

14158

13

7874

38139

849

424

1

63

142

13

11

86

40

22

59

103

1

28

29

1,491

671

2,162

489

4

Gold &short-term

dollars

5361,312

8587

2,1606,447

1393,0801,779

112636327397

2,863152

4,467529

25,108

3,324

41925

481180236

78475468

534123114231796245

3,630

301236152

2,166218290991

4,354

235207196600

1,238

37,654

6,394

44,048

5,558

U.S. Govt.bonds and notes 5

Oldseries

76

281

1616

13143

13

7757

41239

819

416

2

39

122

139

59

40

22

43

87

1

27

28

1,409

884

2,293

512

Newseries

32

31

53

4148

11

8294

42044

838

446

1

2

11

71

11

15

411

32

45

92

35

35

1,426

900

2,326

536

1 Gold reserves of the United Kingdom are estimated.2 This category includes — in addition to "other" Western European

countries — unpublished gold reserves of certain Western Europeancountries; gold to be distributed by the Tripartite Commission for theRestitution of Monetary Gold; European Payments Union throughDecember 1958 and the European Fund thereafter; and the Bank forInternational Settlements (the figures for the gold reserves of the BISrepresent the Bank's net gold assets).

3 Includes unspecified countries in Africa, Oceania, and Eastern Europe,and all Western European dependencies located outside of Europe andAsia.

4 Excludes gold reserves of the U.S.S.R., other Eastern Europeancountries, and China Mainland.

5 Of the two sets of figures shown, the first continues the series basedon a 1955 survey and reported securities transactions; the second is basedon a survey as of Nov. 30, 1960, and reported securities transactions inDecember. Data are not available to reconcile the two series or to revisefigures for earlier dates.

6 Beginning with June 1960, includes the Inter-American DevelopmentBank.

23


KEYS TO SYMBOLS USED IN TABLES

Zero;Amounts insignificant in terms of theparticular unit (e.g. less than 500,000when the unit is millions); or

No figure to be expected (e.g. one ormore series in a table may start at alater date than others shown, or thedata may be collected only quarterlywhile the other series are collectedmonthly).

n.a. Not available.

24


section 14

Documents