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Supplement to
BANKING &
MONETARY
STATISTICS
SECTION 14
Gold
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
Preface
In 1943 the Board of Governors published
Banking and Monetary Statistics to make available in one place and on a uniform basis major
series relating to banking, monetary, and other
financial developments. The statistics usually
covered the period from 1914, when the Federal Reserve System was established, through
December 1941.
To bring together for the period since 1941
the most important series in that volume, to
revise the data previously published, and to
present new series, the Board is publishing a
series of pamphlets. Most of these pamphlets
correspond to sections in Banking and Monetary Statistics, but some may cover new subjects. Most of the data included in these
pamphlets have already been published in the
Federal Reserve Bulletin, and current figures
for most of the series are published in it each
month. In some instances, however, the type
of presentation may vary considerably from
that in the Bulletin.
This is one of the new pamphlets. As in
Banking and Monetary Statistics, there is a
brief description of the purpose and history of
the data, the sources of the figures and the
methods by which they were compiled, and
other facts to guide the reader in using the
figures. Much of the information that is customarily included in footnotes to tables has been
incorporated in the text. Footnotes have been
used for the most part to call the reader's attention to any lack of comparability of items over
the period covered.
Board of Governors
of the Federal Reserve System
Washington, D. C.
August 1962
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.
2.
3.
4.
Analysis of Changes in U. S. Gold Stock, 1941-60
Net Gold Purchases or Sales by the United States, by Countries, 1945-60
Gold Reserves of Central Banks and Governments, 1945-60
Gold Reserves and Dollar Holdings of Foreign Countries
and International Organizations, 1949-60
KEYS TO SYMBOLS USED IN TABLES
5
7
12
16
24
i4. GOLD
The statistics in this Section relate to the
U. S. gold stock; U. S. foreign gold transactions; the distribution of gold reserves of
central banks and governments of the free
world; and the volume of the gold and shortterm dollar assets and U. S. Government bonds
and notes owned by these countries and by
international organizations.
U. S. GOLD STOCK
Before January 30, 1934, the gold stock of the
United States consisted of gold coin in circulation in the United States and gold held by the
Treasury and the Federal Reserve Banks. On
that date, title to all gold owned by Federal
Reserve Banks was transferred to the U. S.
Government, while by a series of Executive
orders in 1933 gold coin was retired from
circulation. Since January 30, 1934, the U. S.
gold holdings have included the Treasury gold
stock and gold in the Exchange Stabilization
Fund of the Secretary of the Treasury.
Most of the Treasury gold stock, shown in
Table 1, is held as security against a corresponding amount of gold certificates or gold
certificate credits issued to the Federal Reserve
Banks, for which the Treasury receives credit
in its deposit account. This gold constitutes the
monetary gold reserves behind the Federal
Reserve note and deposit liabilities.1 A small
amount of gold ($156 million) is held as a
reserve against United States notes, and the
1
For a discussion of the relation of reserve banking to
gold see The Federal Reserve System: Purposes and Functions
(Washington, D. C, 1961), pp. 165-76; "Member Bank
Reserves and Related Items," Section 10 of Supplement to
Banking and Monetary Statistics (1962); and Annual Report
of the Board of Governors of the Federal Reserve System
for 1958, pp. 11-17.
remainder ($121 million on June 30, 1962) is
described as "balance of gold" in the "Daily
Statement of the U. S. Treasury."
The Exchange Stabilization Fund was established under the Gold Reserve Act of 1934
with a capital of $2 billion appropriated from
the increment resulting from the reduction in
the gold content of the dollar. This total was
divided into two portions: one, amounting to
$1.8 billion, was considered inactive; the remainder was held as a working balance.
From 1934 until February 1947 the assets
(entirely in gold) of the inactive portion of the
Fund were included as a separate part of the
Treasury gold stock; no gold certificates or
gold certificate credits were issued against this
gold.
In February 1947 the United States used the
inactive portion ($1.8 billion) of the Fund to
pay a part of its subscription to the International Monetary Fund, in accordance with
the Bretton Woods Agreement Act. However,
only 25 per cent of the subscription ($687.5
million) was required to be paid in gold; the
remainder was paid in U. S. dollar funds and
nonnegotiable, non-interest-bearing special
U. S. notes, and the Treasury was reimbursed
by transfer of the remaining $1.1 billion of gold
from the Exchange Stabilization Fund.
The Treasury conducts most of its gold
transactions with foreign monetary authorities
through the Exchange Stabilization Fund. The
Federal Reserve Bank of New York acts as the
Fund's fiscal agent in these transactions. There
are shifts of gold back and forth between the
Fund and the Treasury gold stock to carry out
these transactions. The assets of the Fund, including accumulated net earnings, were $340
million at the end of 1961, of which $58
million was in gold.2
Changes in the U. S. gold stock are accounted for mainly by gold transactions
between the United States and foreign monetary authorities. Sales of gold by the Treasury
for use in industry and the arts in the United
States and Treasury purchases of gold from
new production are also reflected in the data.
The figures for net gold imports or exports
shown in Table 1 are compiled by the Department of Commerce. The figures for earmarked
gold, not included in the U. S. gold stock,
represent gold held by the Federal Reserve
Banks for foreign and international accounts.
The combined net change in these two items
does not always correspond closely with the
data on U. S. foreign gold transactions for a
given period (Table 2), in part because there
are frequent lags in the statistics on imports and
exports of gold. Also at times the Treasury
may hold some gold under earmark abroad.
Furthermore the statistics include—in addition
to gold imported for sale to the United States
or for earmark at the Federal Reserve Banks
and exports of gold sold by the United States
or from earmark—gold imported for refining
and subsequent re-export.
NET GOLD PURCHASES OR SALES
BY THE UNITED STATES
The United States buys gold from and sells
gold to foreign governments, central banks, and
by specific agreement, international organizations, for the settlement of international balances or for other legitimate monetary purposes, at the established rate of $35 per fine
troy ounce (exclusive of handling charges).
Table 2 shows data for net gold purchases or
sales by the United States, by countries, annually for the period 1945-60 and quarterly
2
The gold in the Fund is not included in statistics on gold
stock (Treasury gold) in the Federal Reserve weekly release
(H.4.I.), "Factors Affecting Bank Reserves and Condition
Statement of F. R. Banks"; in the table "Member Bank
Reserves, Reserve Bank Credit, and Related Items" published
in the Federal Reserve Bulletin; in the "Circulation Statement
of United States Money" or the "Daily Statement of the
U. S. Treasury" published by the Treasury.
beginning with 1950. These data are published
by the Treasury.
GOLD RESERVES OF CENTRAL BANKS
AND GOVERNMENTS
Table 3 shows quarterly data for gold reserves
of 44 countries and one international and two
regional organizations, as well as world totals.
During World War II it was difficult to obtain
reliable information on gold reserves, since
many countries did not disclose their official
holdings and a number of others reported
figures that failed to disclose the full extent of
their holdings. Hence no attempt has been
made to show holdings before December 1945.
In most foreign countries the central bank
or bank of issue holds the country's gold
reserves, but in several—mainly in Europe—
both the central bank and an exchange stabilization fund or similar governmental authority
hold the reserves. In others—Canada and the
United Kingdom, for example—such authorities
(the Exchange Fund Account and the Exchange Equalization Account) hold all of the
gold reserves.
The source of the gold reserve figures for
most countries and the Bank for International
Settlements has been either the balance sheet
or statistical bulletin of the central bank.
Figures for the International Monetary Fund
and several countries have been obtained from
the Fund's monthly bulletin, International
Financial Statistics. Although most figures
given are for the end of the month, figures for
several countries, particularly Asian countries
that do not issue end-of-month reports, refer
to the last report date of the month.
Gold reserves have been reported in three
ways—in the currency of the country, in weight
units, or in U. S. dollars. Reserves reported
in foreign currencies have been converted into
dollars at rates which result in a valuation of
$35 per fine ounce. Where gold reserves have
been reported in weight units, the conversions
have been made at the rate of $35 per fine
ounce.
The figures for estimated total world reserves
represent reported gold holdings of central
banks and governments and of regional and
international organizations; unpublished holdings of various central banks and governments;
estimated holdings of the U. K. Exchange
Equalization Account; and estimated official
holdings of countries from which no reports
have been received. The figures do not include
amounts for the U.S.S.R., other Eastern
European countries, or China Mainland.
The figures for the most part represent
physical gold, in the form of coin or bullion,
held either at home or abroad. A number of
European countries have gold deposited with
the Bank for International Settlements, and
they include these deposits as part of their gold
reserves. To avoid overstating total world
reserves, therefore, the figures included in
Table 3 for the BIS represent the Bank's
gold assets net of gold deposit liabilities.
GOLD RESERVES AND DOLLAR HOLDINGS
OF FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS
Table 4 provides data for foreign gold reserves
and holdings of short-term dollar assets and
for foreign holdings of U. S. Government bonds
and notes, quarterly beginning with the end
of 1949.
For all but three countries the data for gold
and short-term dollar assets shown in Table 4
represent a combination of data for gold reserves as shown in Table 3 of this Section and
thefiguresfor short-term liabilities to foreigners
as published in Tables 1-A through 1-D in
"International Finance," Section 15 of Supplement to Banking and Monetary Statistics. The
three exceptions are Japan, Panama, and the
United Kingdom, for which gold reserves are
not shown separately in Table 3. Panama has
only a nominal amount of official gold holdings,
and thus the figures shown in Table 4 for this
country represent short-term dollar assets only.
The areas shown in Table 4 of this Section
differ from those in Tables 1-A through 1-D,
of Section 15; in the tables in Section 15,
Europe includes Eastern as well as Western
Europe, and Latin America includes Western
European dependencies located in that area as
well as the Latin American republics. In Table
4, data for Europe and Latin America have
been adjusted to exclude Eastern Europe and
Western European dependencies located in
Latin America; statistics for these countries are
included under "all other."
The figures for U. S. Government bonds and
notes—representing securities with an original
maturity of more than 1 year—have been
based on two surveys of holdings of these
securities and monthly reports on transactions.
In the first survey selected banks in the United
States reported the amounts of U. S. Government bonds and notes they were holding for
foreign and international accounts as of the
end of May 1955. These figures, together with
monthly statistics on security transactions that
first became available for January 1950, have
been used to calculate holdings for the period
from the end of 1949 through December 1960
(old series). A more comprehensive survey of
holdings was made as of the end of November
1960. Figures for the new series for December
1960 shown in Table 4 were based on this
survey and on reported transactions in
December.
1. ANALYSIS OF CHANGES IN U.S. GOLD STOCK, 1941-60
[In millions of dollars]
Gold stock
(end of period)
Year or
month
Total
gold
stock:
increase,
or
decrease
Earmarked gold2
Net
gold
import,
or
export
(-)
Decrease,
or increase
Month
Amount
(end of
period)
Treasury
Total 1
1941..
1942
1943 .
1944..
1945 .
22,737
22,726
21,938
20,619
20,065
22,762
22,739
21^981
20,631
20,083
720
23
— 758
-1,350
— 548
982
316
69
-845
— 106
— 407
— 459
— 803
-460
— 357
2,215
2,674
3477
3,937
4,294
1946
1947 .
1948
1949..
1950
20,529
22,754
24,244
24,427
22,706
20,706
22,868
24,399
24^563
22,820
623
3 2,162
,1 531
'l64
— 1,743
312
1,866
1,680
686
— 371
466
210
— 160
— 495
— 1,353
3,828
3,618
3,778
4,273
5,626
22 695
23,187
22 030
21,713
21,690
22,873
23,252
22,091
21,793
21,753
53
379
— 1 161
-298
-40
— 549
684
2
16
97
618
-305
— 1 171
-325
-132
5 008
5,313
6 484
6,809
6,941
,
21,949
22,781
20,534
19,456
17,767
305
22,058
22,857
799
20,582 - 2 , 2 7 5
19,507 4 1 075
17,804 — 1,703
1942—Jan.. .
22,747
Mar.'.'.
Apr...
May..
June.
July. .
Aug...
Sept...
^vrl" •
Oct..
Nov....
Dec...
22',687
22,691
22,714
22,737
22,744
22,756
22,754
22,740
22,743
22,726
22,699
22,711
22,732
22,745
22,750
22,762
22,762
22,756
22,763
22,739
1943—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July. .
Aug...
Sept...
Oct...
Nov...
Dec.
22,683
22,644
22,576
22,473
22,426
22,388
22,335
22,243
22,175
22,116
22,065
21,938
1944—Jan.. .
Feb...
Mar...
Apr..'.
May..
June..
July. .
Aug...
Sept...
Oct...
Nov...
Dec.
1945_jan.. .
Feb...
Mar
Apr.'.'!
May..
June..
July. .
Aug...
Sept...
Oct...
Nov...
Dec...
1951
1952..
1953
1954
1955
1956
1957..
1958
1959
1960
.
318
600
-2,515
-1,323
— 1,982
6,623
6,023
8,538
9,861
11,843
-39
2,254
-6
7
-24
35
32
39
22
22
22
21
23
17
7
-66
-20
-38
-15
-24
-22
-28
-56
-11
-31
2^429
2,449
2,487
2,502
2,526
2,548
2,576
2,632
2,643
2,674
22,695
22,652
22,590
22,488
22,447
22,398
22,340
22,251
22,182
22,133
22,082
21,981
-44
-43
-62
-102
-41
-49
-58
-89
-69
-49
-51
— 101
34
23
3
-6
4
4
3
4
12
-3
-6
—4
-76
-63
-59
-101
-45
-52
-64
-91
-81
-40
-44
— 87
2,750
2,813
2,872
2,973
3,018
3,070
3,134
3,225
3,306
3,346
3,390
3,477
21,918
21,712
21,600
21 429
21,264
21,173
20,996
20,926
20,825
20,727
20,688
20,619
21,924
21,744
21,614
21 446
21,285
21,194
21,030
20,949
20,850
20,751
20,700
20,631
-57
-180
— 130
— 168
-161
-91
-164
-81
-99
-99
-51
— 69
-23
-125
— 102
— 139
-61
-61
-61
-109
-72
-63
-12
— 17
-28
11
— 48
— 71
-93
-6
-97
3
-28
-22
-35
-46
3,505
3,494
3 542
3 613
3,706
3,712
3,809
3,806
3,834
3,856
3,891
3,937
20,550
20,506
20 419
20^374
20,270
20,213
20,152
20,088
20,073
20,036
20,030
20,065
20,569
20,525
20 451
20,'391
20,287
20,294
20,196
20,118
20,093
20,120
20,076
20,083
-62
-44
— 74
-60
-104
7
-98
-78
-25
27
-44
7
1
2
— 19
2
-18
-84
-7
-12
13
-4
1
19
-58
-38
— 47
-53
-67
96
-100
-63
-19
35
-39
-4
3,995
4,033
4 080
4,133
4,200
4,104
4,204
4,267
4,286
4,251
4,290
4,294
22,782
ryj "79-5
2.Z,
1Z J
For notes see following page.
106
104
260
302
333
20
-24
12
21
13
5
12
41
JJ
Gold stock
(end of period)
Total
gold
stock:
increase,
or
decrease
Net
gold
import,
or
export
(-)
Earmarked gold2
Decrease,
or increase
Amount
(end of
period)
Treasury
Total 1
1946—Jan
Feb
Mar
Apr
May
June..
July. .
Aug...
Sept.
Oct.. .
Nov
Dec...
20,156
20 232
20,256
20,251
20,242
20,270
20,267
20,280
20,305
20,402
20 470
20,529
20,212
20 283
20,311
20,307
20,298
20,341
20,342
20,401
20 419
20,526
20 637
20,706
129
71
28
-4
-9
43
1
59
18
107
111
69
154
82
31
-21
— 27
36
6
15
—8
24
78
-61
— 12
—6
20
15
27
15
8
60
13
115
128
83
4,306
4,312
4^292
4,277
4 250
4,235
4,227
4,167
4,154
4,039
3,911
3,828
1947—Jan
Feb
Mar
Apr
May....
June..
July. .
Aug...
Sept...
Oct . .
Nov...
Dec...
20,748
20,330
20,463
20,774
20,933
21,266
21,537
21,766
21,955
22,294
22,614
22,754
20,935
20,380
20,625
20,961
21,108
21,418
21,685
21,836
22,085
22,409
22,735
22,868
229
3 — 555
245
336
147
310
267
151
249
324
326
133
-17
20
154
44
130
200
219
112
110
451
266
178
196
— 685
204
272
13
119
26
43
153
—4
-83
-44
3,632
4 317
4,113
3,841
3,828
3,709
3,683
3,640
3,487
3 491
3,574
3,618
1948—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
22,935
23,036
23,137
23,169
23,304
23,532
23,679
23,725
23,872
24,004
24,166
24,244
23,010
23,177
23,215
23,307
23,435
23,741
23,820
23,927
24,060
24,203
24,353
24,399
142
167
38
92
128
306
79
107
133
143
150
46
235
159
100
234
151
178
267
39
53
122
54
88
-15
-72
-64
-111
-3
81
-188
60
98
1
99
-46
3,633
3,705
3,769
3,880
3,883
3,802
3,990
3,930
3,832
3,831
3,732
3,778
1949_Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
24,271
24,290
24,314
24,332
24,342
24,466
24,520
24,608
24,602
24,584
24,479
24,427
24,448
24,464
24,468
24,461
24,511
24,637
24,705
24,771
24,728
24,688
24,626
24,563
49
16
4
-7
50
126
68
66
-43
-40
-62
-63
66
21
20
14
9
7
131
257
98
56
8
-1
-2
-23
-16
-18
38
121
-20
-208
-155
— 89
-64
-59
3,780
3,803
3,819
3,837
3,799
3,678
3,698
3,906
4,061
4 150
4,214
4,273
1950—Jan .
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
24,395
24,345
24,246
24,247
24,231
24,231
24,136
23,627
23,483
23,249
23,037
22,706
24,507
24,456
24,360
24,350
24,340
24,331
24,239
23,745
23,591
23,349
23,153
22,820
-56
-51
-96
-10
-10
-9
-92
-494
-154
-242
-196
-333
39
-2
53
13
10
-2
-42
-96
-93
-159
-93
— 94
— 50
-95
-60
-29
-18
-90
-431
-66
— 146
-36
-238
4,367
4^417
4,512
4,572
4,601
4,619
4,709
5,140
5,206
5 352
5,388
5,626
1951—Jan
Feb
Mar
Apr
22,392
22,086
21,806
21,805
21,756
21,756
21,759
21,854
22,013
22,233
22,382
22,695
22,461
22,162
21,927
21,900
21,861
21,872
21,852
21,986
22,164
22,394
22,579
22,873
-359
-299
-235
-27
-39
11
-20
134
178
230
185
294
— 106
-108
-123
-111
-41
-38
-16
-4
11
-18
-2
7
— 248
-185
-111
102
-13
46
-8
137
176
244
188
290
5 874
6^059
6,170
6,068
6,081
6,035
6,043
5,906
5,730
5,486
5,298
5,008
m
May....
^*
June....
July
Aug
Sept
Oct
Nov
Dec
1. ANALYSIS OF CHANGES IN U.S. GOLD STOCK, 1941-60 — Continued
[In millions of dollars]
Gold stock
(end of neriod^
Total
gold
stock:
increase,
or
decrease
(-)
Earmarked gold 2
Net
gold
import,
or
export
(-)
Decrease,
or increase
(-)
Amount
(end of
period)
137
153
-104
-75
27
19
-31
-33
-13
-93
— 29
-263
4,871
4,718
4,822
4,897
4,870
4,851
4,882
4,915
4,928
5,021
5 050
5,313
1
-1
-1
-172
-324
-106
-17
-49
-69
— 171
— 79
-55
-72
-36
-21
5,485
5,809
5,915
5,932
5,981
6,050
6,221
6,300
6,355
6,427
6,463
6,484
-47
-8
-1
48
-44
-12
-67
-63
-34
-36
-36
2
-6
2
5
2
1
3
2
2
1
2
2
1
-43
-10
-2
38
-49
-17
-72
-66
-34
-35
-37
2
6,527
6,537
6,539
6,501
6,550
6,567
6,639
6,705
6,739
6,774
6,811
6,809
21,786
21 788
21,763
21,724
21,727
21,730
21,734
21,732
21,745
21,747
21,751
21,753
-7
2
-25
-39
3
3
4
2
13
2
4
2
2
3
3
2
5
4
2
4
4
10
32
27
-10
-3
11
-7
-27
-24
6,819
6 819
6,847
6,889
6,890
6,891
6,891
6,894
6,883
6,890
6,917
6,941
21,755
21,757
21,765
21,792
21,821
21,868
2
2
8
27
29
47
11
19
11
10
25
18
-9
-15
-3
17
2
30
6,950
6,965
6,968
6,951
6,949
6,919
Month
Treasury
Total*
1952—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July. .
Aug...
Sept...
Oct.. .
Nov . .
Dec"..
22,951
23,191
23,291
23,297
23,296
23,346
23,350
23,344
23,342
23,339
23,338
23,187
23,055
23,378
23,428
23,450
23,502
23,533
23,537
23,528
23,526
23,521
23 505
23',252
182
323
50
22
52
31
4
-9
_2
-5
— 16
-253
64
150
157
97
27
37
24
3
33
83
1953—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July.
Au Bu "£ •
n
Sept
Oct... .
Nov...
Dec...
22,986
22,662
22,563
22,562
22,537
22,463
22,277
22 178
22 128
22,077
22,028
22,030
23,079
22,751
22,649
22,639
22,590
22,521
22,353
22 275
22 220
22,146
22,112
22,091
-173
-328
-102
-10
-49
-69
-168
— 78
-55
-74
34
-21
-2
-2
3
7
1954—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July. .
Aug...
Sept...
Oct.. .
Nov...
Dec...
21,956
21,958
21,965
21,969
21,973
21,927
21,908
21,809
21,810
21,759
21,710
21,713
22,044
22,036
22,035
22,083
22,039
22,027
21,960
21,897
21,863
21,827
21,791
21,793
1955—Jan.. .
Feb
Mar...
Apr...
May..
June..
July. .
Aug...
Sept...
Oct.. .
Nov...
, Dec...
21,714
21 716
21,719
21,671
21,674
21,678
21,682
21,682
21,684
21,686
21,688
21,690
1956—Jan.. .
Feb...
Mar...
Apr...
May..
June..
21,693
21,695
21,716
21,743
21,772
21,799
8
-2
-28
-42
—1
—1
Total
gold
stock:
Totali
Earmarked gold2
decrease
Net
gold
import,
or
export
()
Decrease,
or increase
Amount
(end of
period)
Month
* 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.
Gold stock
(end of period)
1956—July..
Aug...
Sept..
Oct.. .
Nov..,
Dec...
21,830
21,858
21,884
21,910
21,910
21,949
21,918
21,965
22,032
21,999
22,106
22,058
50
47
67
-33
107
-48
5
5
-18
5
13
3
44
43
87
-35
106
51
6,875
6,832
6,745
6,780
6,674
6,623
1957_jan.. .
Feb...
Mar..
Apr...
May..
June..
July. .
Aug...
Sept...
Oct.. .
Nov..,
Dec...
22,252
22,304
22,306
22,318
22,620
22,623
22,627
22,626
22,635
22,691
22,763
22,781
22,377
22,396
22,406
22,424
22,726
22,732
22,735
22,735
22,759
22,835
22,837
22,857
319
19
10
18
302
6
3
24
76
2
20
-54
-30
-9
21
20
10
3
29
19
43
34
19
296
28
16
-6
286
-6
-1
-11
-9
36
-31
2
6,327
6,299
6,283
6,289
6,003
6,009
6,010
6,021
6,030
5,994
6,025
6,023
1958—Jan.. .
Feb...
Mar..,
Apr...
May..
June..
July..
Aug...
Sept..,
Oct.. .
Nov...
Dec...
22,784
22,686
22,394
21,996
21,594
21,356
21,210
21,011
20,874
20,690
20,609
20,534
22,860
22,736
22,487
22,042
21,674
21,412
21,275
21,082
20,929
20,741
20,653
20,582
3
-124
-249
-445
-368
-262
-137
-193
-153
-188
-88
-71
45
39
6
26
18
3
18
4
71
5
12
12
-37
-168
-252
-471
-355
-285
-164
-197
-220
-189
-97
-80
6,060
6,228
6,480
6,951
7,306
7,591
7,755
7,952
8,172
8,361
8,458
8,538
1959_jan.. .
Feb...
Mar..,
Apr...
May..
June..
July..
Aug...
Sept..,
Oct.. .
Nov...
Dec...
20,476
20,479
20,442
20,305
20,188
19,705
19,626
19,524
19,491
19,585
19,566
19,456
20,527
20,520
20,486
20,358
20,227
19,746
19,672
19,568
19,579
19,647
19,617
19,507
-55
-7
-34
-128
-131
4-481
-74
-104
11
68
-30
-110
10
10
18
3
10
15
25
76
55
24
48
9
-65
-13
-48
-128
-136
-492
-98
-176
-36
52
-71
-112
8,603
8,616
8,664
8,792
8,928
9,420
9,518
9,694
9,730
9,678
9,749
9,861
I960—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July..
Aug...
Sept...
Oct...
Nov...
Dec...
19,444
19,421
19,408
19,360
19,352
19,322
19,144
19,005
18,685
18,402
17,910
17,767
19,494
19,471
19,457
19,403
19,395
19,363
19,188
19,045
18,725
18,443
17,948
17,804
-13
-23
-14
-54
-8
-32
-175
-143
-320
-282
-495
-144
2
4
17
8
10
77
49
12
5
125
19
3
-12
-21
-14
-71
-14
-102
-222
-152
-319
-398
-512
-145
9,873
9,894
9,908
9,979
9,993
10,095
10,317
10,469
10,788
11,186
11,698
11,843
4
Includes payment of $344 million as increase in U. S. gold subscription
to 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]
Annual totals
Area and country
1945
Western Europe:
Austria
Belgium
Denmark
Finland,
France
Germany, Fed. Rep. of
Greece
Italy
Netherlands..
Norway
Portugal
..
Sweden
Switzerland
Turkey
,
Latin American republics:
Argentina
-87
-10
131
4
116
238
10
56
407
-2
-12
-1
168
48
1,448
37
338
311
153
728
-225
....
-25
-2
-18
-85
. . .
Total
.
All other:
Congo Rep of the
South Africa
Surinam
U.A R (Ecvpt)
Other i
Total
Total foreign countries....
-10
18
-5
-30
2
3
-24
37
9
1950
1949
1952
-85
-14
-10
-10
-12
-130
-4
-114
41
-24
-5
-100
63
3
14
-35
-32
-15
-5
-30
5
-65
-5
-60
-20
-65
-3
-480
-94
4
-41
-6
16
-55
-4
1953
-10
-20
-5
-20
70
—7
-6
-34
-1
-80
-4
-15
-23
-38
5
-1,020
-65
-2
926
202
-1,397
293
326
3
-100
-10
7
-50
-20
10
734
114
-40
446
-50
-65
16
-10
7
-10
_2
45
62
_3
-16
-9
10
-473
171
808
-16
-185
-2
10
5
-10
28
ii
-108
-8
-14
-50
2
—6
-118
-3
-65
82
-144
2
470
23
2
440
-85
1954
1955
1956
-6
3
— 13
-1,016
-226
-68
-10
c
-55
-15
-16
-50
-34
15
-8
100
-20
9
4
3
-378
-78
80
15
-85
17
•5
115
18
-20
-8
-4
-3
-60
2
-23
-4
28
—4
88
-28
80
-15
22
15
-15
-5
-30
11
-172
-126
57
-132
62
14
-30
-45
-1
29
-200
-28
-2
-1
-7
-5
-4
-3
-4
-2
— 43
5
9
2
2
-189
14
1
-4
94
256
4
2 40
4
-453
-453
1951
—1
9
60
5
25
-4
7
8
-38
-73
6
Intl. Bank for Reconstruction and Development
Intl. Monetary Fund
1948
. .
Total
For notes seep. 11.
265
17
Canada
Grand total
223
-10
80
-30
n
-48
Total
Asia:
Afghanistan .
China
Indonesia
Iran...
Israel
Japan
Lebanon
. . .
Philippines
Saudi Arabia
Syria
Thailand
Other
14
1947
—4
Bank for Intl Settlements
Vatican City
Brazil
Chile
Colombia
Cuba
Dominican Republic
Ecuador
El Salvador
Mexico
Peru
Uruguay
Venezuela
Other
31
3
2
279
1946
-3
-2
4
-1
-6
-3
1
-1
-4
-1
-3
~9
-3
-4
-1
-55
-39
-54
-7
-6
499
-2
196
-3
13
-8
52
-2
12
-10
3 38
2
4-2
-45
18
-76
4
-1
1
134
294
501
187
-17
-28
9
-10
-1
1
705
2,862
1,505
193
-1,725
75
394
-1,164
-327
-68
16
2
6-688
5
721
2,176
1,510
193
-1,725
75
394
-1,164
-327
-68
-4
-2
-10
-5
5 14
14
80
7 200
280
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]
Quarterly totals
Annual totals
Area and country
1950
1958
1957
Western Europe:
Austria
Belgium
Denmark
Finland
...
France
Germany, Fed. Rep of
Greece
Iceland
Italy .
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
3
7
Canada .
...
Latin American republics:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Ecuador
El Salvador
M^exico
Peru
Uruguay
Venezuela
Other
Total
Asia:
Burma
Cambodia
Ceylon
Indonesia
Iran
Iraq
Israel
Japan.
Lebanon
Pakistan
Philippines
Syria
Other
Total
25
31
-30
-1
— 141
-15
-3
— 173
-34
-47
-3
-35
4
3
2
2
i
-12
-13
-20
-29
-2
-56
-92
-12
-6
-80
-5
-15
-10
16
-25
4
-15
-15
-249
-20
32
-215
-10
-900
-350
-178
-324
-6
-550
-16
-36
-6
-1,718
-114
-3
20
1
-3
68
-2,326
-827
-13
3
2
-2
4
-4
-3
2
72
-4
75
3
3
j
-580
-360
-400
-80
320
-12
-6
-34
-2
-25
-9
4
-143
-35
-655
-564
-593
-104
295
~-l
-30
4
3
—1
-1
81
69
-1
-20
— 15
-4
65
-2
-1
19
-100
630
5
695
-10
-38
20
-2
-4
1
-2
-16
-12
4
-20
14
— 10
8
4
-5
-50
-50
-2
-2
—6
-5
— 17
-13
-100
67
-15
5
-80
5
-24
-3
-62
-3
-27
-124
-15
-51
-56
-75
-237
-10
-20
-20
-41
-2
3
-2
-4
3
64
15
—1
28
30
73
12
26
-4
-12
-8
-2
—9
-11
_4
-25
-25
-30
-4
-30
-157
7
1
-15
-1
—4
-13
22
2
-11
-2
-2
18
172
Intl. Monetary Fund
600
772
j
-3
1
1
-1
—4
—1
-24
-21
-3
-5
-3
-8
—1
-4
-2
-2
-34
-186
-113
-4
-6
-21
4
9
-1
-1
-3
-8
-1
-27
4
-3
1
-3
-5
-38
-20
7
-5
-2,294
-998
-1,969
-201
-30
8-44
7 300
-2,294
-1,041
-1,669
-201
-30
2
Total foreign c o u n t r i e s . . . .
— 349
-261
-2
-32
-1
Total
For notes seep. 11.
-83
-39
-15
-5
— 266
1960
-4
All other:
Congo Rep of the . . . .
Ghana
Morocco
South Africa
Surinam
U A . R . (Egypt)
Other 1
Grand total
-17
-15
Bank for Intl. Settlements....
Vatican City
Total
-84
— 329
1959
1951
-1
-15
13
20
-25
-31
1
-25
19
3
-20
2
-26
-12
-10
19
-731
-762
-876
-56
291
716
-731
-762
-876
-56
291
716
-15
10
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]
Quarterly totals
1952
Area and country
1
Western Europe:
Austria
Belgium. .
. ...
Denmark
Germany, Fed. Rep. of
Greece
Netherlands
Norway
Portugal
Sweden.
S witzerl and
Turkey
United Kingdom
Bank for Intl. Settlements....
Vatican City
Total
4
1
-24
_7
-10
-36
— 13
-30
-100
-25
—5
-15
— 10
-20
-3
-320
-23
-40
-9
-120
-43
-226
-501
-102
-295
-20
2
-55
-20
-10
2
1
2
3
4
3
4
-12
-33
-40
-50
-40
-16
-140
-30
-15
-20
-5
-20
-10
-15
-8
-6
20
-3
-10
12
£
23
2
-80
-2
520
2
553
Canada
Latin American republics:
Argentina
Bolivia
Chile
Colombia
El Salvador
Mexico
Uruguay
Venezuela
3
2
1954
1953
-40
-15
-25
-15
— 10
-15
-8
-5
— 50
-19
4
-8
6
-118
-62
-72
13
2
-3
-8
3
-170
-74
7
2
...
Total
Asia:
Afghanistan
Israel
Japan
Lebanon...
Syria
Total
All other:
Congo, Rep. of the
South Africa
Total
Total foreign countries....
-18
11
10
2
-5
—4
101
2
-4
-25
5
-28
-10
—5
-5
80
-30
4
94
-2
-38
-97
-25
-10
8
2
52
—2
—1
-1
l{
j
-1
-3
-2
-2
4
7
1
j
-i
-
1
-i
-2
2
-1
o
-1
-8
-10
-2
4
7
557
106
-1
-268
-599
-128
-307
-130
-63
-20
-172
-72
557
106
-1
-268
-599
-128
-307
-130
-63
-20
-172
-72
1
-10
-2
Intl. Monetary Fund
Grand total
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]
Quarterly totals
1956
1955
1957
Area and country
Western Europe:
Belgium
Denmark
France
1
2
-23
10
-45
4
3
1
2
3
3
...
3
4
3
7
— 34
5
-5
31
...
g
15
100
...
-37
Total
3
1
-42
1
2
1
-6
-33
Canada
Latin American republics:
Argentina
Bolivia
Chile.
. . .
. .
Colombia
El Salvador
Peru
Uruguay . .
.
Venezuela
20
55
1
119
30
15
5
40
10
10
3
11
20
11
2
27
-200
85
-133
4
3
6
13
Total
-37
-37
47
-1
7
-1
15
-2
-2
-1
4
15
19
93
19
93
1
5 13
1
13
-42
9
1
Intl Monetary Fund
Grand total
15
—2
-3
AH other:
Other i
Total foreign c o u n t r i e s . . . .
40
—4
.
Total
15
28
2
.
31
6
3
3
Total
-42
9
1
1
-20
20
80
42
18
7 25
7 75
7 75
7 25
300
300
5
95
155
25
342
318
1
For notes see following page.
2
20
Netherlands
Portugal
...
Spain
Sweden .
. . .
Switzerland
United Kingdom
Vatican C i t y . . .
Asia:
Indonesia
Iran
Philippines .
Other
1
4
10
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]
Quarterly totals
Area and country
1958
1
Western Europe:
Austria
Belgium. . .
Denmark
Finland
France
Germany, Fed. Rep of
Greece
Iceland
Italy
Netherlands
Portugal
Spain
Switzerland. . .
Turkey
United Kingdom
Yugoslavia
Bank for Intl. Settlements
Vatican City
2
-14
-144
-17
1960
1959
4
3
-26
-113
1
-58
-58
2
3
4
-39
— 39
-5
-43
-10
_5
-66
2
1
-26
4
3
-25
-200
-5
-83
-15
-3
-117
-34
-42
-110
-105
-33
-160
-7
-56
-15
—2
-42
-169
-63
—20
-124
-46
-56
-110
-10
-30
-25
— 10
32
20
-5
-135
-75
-300
-450
-50
-100
-61
_2
-28
-7
_1
-25
-498
-379
-38
-318
12
55
-200
Total
-376
-74
—1
-1,073
1
-274
-197
-2
-576
-1,053
-30
-20
-200
3
-150
-2
-15
-81
-165
-6
-350
-12
-36
-5
-40
-49
Canada
Latin American republics:
Argentina
Bolivia
Brazil
Chile
....
El Salvador
Mexico
Peru
Uruguay
Venezuela
Other
3
Total
All other:
Ghana . . . .
Morocco
Surinam
U.A.R. (Egypt)
Other i
-20
.
12
-20
58
-23
-1
-20
-15
-4
-1
64
-1
-1
-36
-62
-4
-12
...
-8
-6
-4
—5
—7
-2
-30
-50
7
4
-45
—4
-62
-1
2
-23
2
-28
-15
— 13
5
-11
-2
t
-2
-8
2
-23
-54
-50
-62
-20
-26
-19
-67
-6
-21
-3
-4
—2
-8
-1
—1
o
4
-2
-377
-1,081
-489
-347
-93
-377
-1,081
-489
-347
-93
-389
-359
-157
9-344
7 200
7 100
-732
-159
-57
-29
-42
-84
-632
-1,212
-42
-84
-632
-912
7 300
7
Proceeds from this sale invested by the IMF in U.S. Government
securities; upon termination of the investment the IMF can reacquire
the8 same amount of gold from the United States.
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.
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.
-10
- l
65
Intl. Monetary Fund
Grand total
-2
- l
Total
Total foreign countries
-1
-6
Total . . .
Asia:
Burma
Cambodia
Ceylon
Indonesia
Iran
Iraq ..
...
Israel
Japan
Pakistan
Philippines
Saudi Arabia..
Syria
Other
j
-io
—i
11
3. GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS, 1945 60
[In millions of dollars]
End of quarter
Estimated
total
world*
Intl.
Monetary
Fund
United
States
Estimated
rest of
worldi
Argentina
Australia
Austria
Belgium
Bolivia
Brazil
Canada
Chile
Colombia
1945—Dec
33,300
20,083
13,215
1,197
52
716
22
354
354
82
127
1946—Mar..
June.
Sept..
Dec.
33,350
33,425
33,485
33,635
15
20,311
20,341
20,419
20,706
13,040
13,085
13,065
12,915
1,167
1,165
1,143
1,072
60
66
73
81
5
5
5
5
753
761
722
735
22
22
22
22
361
359
355
354
513
540
565
536
82
83
73
65
131
134
142
145
1947—Mar..
June.
Sept..
Dec.
33,685
33,845
33,970
34,115
1,304
1,344
1,346
1,356
20,625
21,418
22,085
22,868
11,755
11,085
10,540
9,890
887
635
451
322
89
97
100
88
5
5
5
5
633
643
651
594
22
22
22
23
354
354
354
354
388
339
336
287
53
45
45
45
126
93
89
83
1948—Mar..
June.
Sept..
Dec.
34,180
34,255
34,345
34,525
1,358
1,363
1,403
1,436
23,215
23,741
24,060
24,399
9,605
9,150
8,880
8,690
266
202
166
143
87
87
86
87
10
19
19
50
589
630
643
624
23
23
23
23
354
354
317
317
314
340
371
401
45
46
44
43
86
65
62
51
1949_Mar..
June.
Sept..
Dec.
34,675
34,750
34,880
35,005
1,436
1,440
1,450
1,451
24,468
24,637
24,728
24,563
8,770
8,675
8,700
8,990
143
167
167
210
87
87
86
87
50
50
50
50
641
704
716
698
23
23
23
23
317
317
317
317
408
419
450
486
44
44
43
40
50
46
49
52
1950—Mar..
June.
Sept..
Dec.
35,115
35,305
35,325
35,340
1,460
1,460
1,494
1,494
24,360
24,331
23,591
22,820
9,295
9,515
10,240
11,025
210
210
210
210
50
50
50
50
681
663
599
587
23
23
23
23
318
318
318
318
502
510
543
580
40
40
40
40
65
68
71
74
1951—Mar..
June.
Sept..
Dec.
35,415
35,525
35,545
35,590
1,495
1,518
1,529
1,530
21,927
21,872
22,164
22,873
11,995
12,135
11,850
11,185
288
288
276
267
91
98
106
112
50
50
50
50
625
580
638
635
23
23
23
23
319
319
319
319
610
646
683
842
45
45
45
45
63
67
68
48
1952—Mar..
June.
Sept..
Dec.
35,570
35,650
35,740
35,815
,532
,537
,683
,692
23,428
23,533
23,526
23,252
10,610
10,580
10,530
10,870
267
267
267
287
113
113
112
112
52
52
52
52
624
669
714
704
23
23
22
21
319
320
320
320
866
884
883
885
45
42
42
42
62
64
65
76
1953—Mar..
June.
Sept..
Dec.
35,875
35,965
36,045
36,290
,693
,698
,700
,702
22,649
22,521
22,220
22,091
11,535
11,745
12,125
12,495
343
363
372
372
113
112
113
117
52
52
52
52
702
696
723
776
21
21
21
21
320
321
321
321
906
935
960
986
42
41
42
42
82
86
86
86
1954_Mar..
June.
Sept..
Dec.
36,490
36,690
36,800
36,940
,703
,727
,734
1,740
22,035
22,027
21,863
21,793
12,750
12,935
13,205
13,405
372
372
372
372
124
128
138
138
56
57
59
62
787
765
760
778
321
321
322
322
,016
,034
1,053
,073
42
42
42
42
86
86
86
85
1955—Mar..
June.
Sept..
Dec.
37,100
37,325
37,485
37,620
1,744
,745
,751
,808
21,763
21,730
21,745
21,753
13,595
13,850
13,990
14,060
372
372
372
372
137
140
138
144
62
62
71
71
824
839
877
928
322
322
322
323
,092
,106
,132
,134
43
42
42
44
85
86
86
86
1956—Mar..
June.
Sept..
Dec.
37,820
37,950
38,010
38,105
,786
,743
1,711
,692
21,765
21,868
22,032
22,058
14,270
14,340
14,265
14,355
372
352
258
224
154
164
106
107
71
71
71
71
953
953
972
925
323
323
323
324
,120
,101
,106
,103
43
46
45
46
85
85
57
57
1957—Mar..
June.
Sept..
Dec.
38,395
38,545
38,615
38,810
,438
,147
,167
,180
22,406
22,732
22,759
22,857
14,550
14,665
14,690
14,775
193
181
166
126
113
116
116
126
78
80
87
103
853
843
870
915
324
324
324
324
,101
,103
,102
,100
46
43
40
40
57
58
58
62
1958—Mar..
June.
Sept..
Dec.
38,960
39,130
39,310
39,490
,186
1,242
,307
,332
22,487
21,412
20,929
20,582
15,285
16,475
17,075
17,575
126
125
114
60
136
147
154
162
103
103
136
194
998
1,140
1,228
1,270
324
325
325
325
,089
,077
,078
,078
40
40
40
40
65
67
70
72
1959—Mar..
June.
Sept..
Dec.
39,650
39,885
40,025
40,185
,352
,910
2,052
2,407
20,486
19,746
19,579
19,507
17,810
18,230
18,395
18,270
57
57
57
56
163
135
143
154
212
256
291
292
1,246
1,270
1,254
1,134
326
326
326
327
,072
,073
,039
960
40
40
41
43
73
74
69
71
1960—Mar..
June.
Sept..
Dec.
40,355
40,565
40,690
40,525
2,454
2,515
2,564
2,439
19,457
19,363
18,725
17,804
18,445
18,685
19,400
20,280
56
55
84
104
163
149
159
147
292
292
293
293
1,183
1,191
1,094
1,170
294
286
287
287
950
909
894
885
41
42
42
45
73
73
75
78
87
For note see p. 15.
12
3. GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS, 1945-60 — Continued
[In millions of dollars]
Dominican
Republic
Ecuador
Germany,
Federal
Rep. of
Cuba
Denmark
1945_Dec
191
38
21
13
3
1,548
28
1946—Mar
June
Ser>t
Dec
201
201
211
226
38
38
38
38
13
1
1,118
1 019
23
22
23
2
21
18
18
21
12
867
1947 Mar
June
SeDt
Dec
229
259
279
279
32
32
32
32
2
2
2
2
20
20
20
20
15
741
15
15
15
680
494
549
279
289
289
289
32
32
32
32
5
4
4
4
20
21
21
21
15
15
15
15
4
6
6
6
1949 Mar
June
Sept
Dec
289
289
299
299
32
32
32
32
4
4
4
4
21
21
21
21
14
14
17
17
1950—Mar..
June
Sent
Dec
299
299
291
271
32
31
31
31
4
4
4
4
20
19
19
19
271
281
311
311
31
31
31
31
6
8
8
12
1952—Mar
June
Sent
Dec
321
318
280
214
31
31
31
31
1953—Mar
June
Sept
Dec
196
196
196
186
1954—Mar
Finland
Guatemala
India
Indonesia
28
274
200
28
274
200
28
28
274
274
200
200
19
28
274
200
16
27
274
180
15
15
14
27
27
27
274
274
274
180
180
180
550
567
548
548
9
7
6
6
27
27
27
27
274
274
264
256
180
180
180
178
6
6
6
6
548
524
537
543
4
5
5
6
27
27
27
27
247
247
247
247
178
178
178
178
19
20
20
23
8
10
10
12
569
565
594
662
5
5
4
2
27
27
27
27
247
247
247
247
178
178
188
209
22
22
22
22
23
26
26
26
14
20
20
26
747
746
734
597
28
4
5
4
4
27
27
27
27
247
247
247
247
228
229
229
280
12
12
12
12
22
22
23
23
26
30
29
29
26
26
26
26
566
586
589
582
28
92
118
140
9
9
10
10
27
27
27
27
247
247
247
247
280
280
280
235
31
31
31
31
12
12
12
12
23
23
23
23
29
29
29
29
26
26
26
26
597
598
593
617
185
210
259
325
10
11
11
11
27
27
27
27
247
247
247
247
208
208
163
145
186
186
186
186
31
31
31
31
12
12
12
12
23
23
23
23
29
29
29
29
26
31
31
31
644
695
688
708
391
418
574
626
11
11
11
11
27
27
27
27
247
247
247
247
98
81
81
81
186
186
186
136
31
31
31
31
12
12
12
12
23
23
23
23
29
29
31
31
768
955
714
761
11
11
27
27
247
247
81
81
28
28
32
35
1,038
942
825
920
11
11
27
27
247
247
81
81
1956—Mar
June
Sept
Dec
136
136
136
136
31
31
31
31
13
13
13
11
23
23
22
22
28
28
28
28
35
35
35
35
1,002
1,036
965
924
1,003
1 104
1,294
1,494
11
11
11
10
27
27
27
27
247
247
247
247
81
54
46
45
1957—Mar
June
Sept
Dec
136
136
136
136
31
31
31
31
11
11
11
11
22
22
22
22
32
35
893
27
247
43
35
35
35
867
581
581
1,756
2,029
2,399
2,542
11
31
31
31
11
13
13
27
27
27
247
247
247
40
41
39
1958—Mar
Sept
Dec
136
136
135
80
31
31
31
31
11
11
11
11
31
31
31
31
35
35
35
35
580
653
726
750
2,460
2,575
2,597
2,639
13
13
14
17
27
27
27
27
247
247
247
247
39
38
38
37
1959 Mar
June
Sept
Dec
76
75
75
50
31
31
31
31
11
11
12
10
22
22
22
22
22
20
20
20
31
31
30
30
38
38
38
38
812
899
921
1,290
2,678
2,704
2,621
2,637
20
25
26
26
27
25
24
24
247
247
247
247
37
41
41
33
I960 Mar
June
Sent
Dec
19
19
3
1
31
31
31
31
10
10
10
10
20
20
20
20
30
30
30
30
38
38
38
41
1,322
1,551
1,627
1,641
2,670
2,772
2,888
2,971
26
26
31
76
24
24
24
24
247
247
247
247
33
33
33
58
End of quarter
1948 Mar
June
Sept
Dec
1951—Mar
June
Sent
Dec
. .
...
Sept
Dec
1955—Mar
June
Sept
Dec
. .
El Salvador
13
13
13
France
944
Greece
3. GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS, 1945-60 — Continued
[In millions of dollars]
24
28
28
Netherlands
New
Zealand
Norway
Pakistan
Peru
Philippines
Portugal
294
270
23
80
28
435
257
235
213
181
270
270
265
265
23
23
23
23
80
80
88
91
28
23
24
24
442
439
433
433
149
131
100
100
197
190
191
232
23
23
23
23
76
77
73
72
20
20
20
20
402
388
344
310
194
184
174
167
23
23
23
23
66
66
65
52
11
14
20
20
20
20
286
261
246
236
206
196
183
178
149
150
142
142
2
2
2
142
142
140
140
58
58
58
96
2
87
71
44
42
140
140
140
140
100
126
256
256
2
n a
n.a.
13
39
32
38
52
167
167
162
195
23
26
26
27
52
52
51
51
25
27
27
27
20
20
20
28
140
140
140
140
256
256
256
256
13
20
20
20
68
71
115
208
231
231
231
311
27
28
29
29
50
50
50
50
27
27
27
27
28
28
28
31
2
2
3
3
177
177
177
192
..
139
138
138
138
256
256
281
333
21
24
26
26
304
205
191
208
311
311
311
316
30
31
31
32
50
50
50
50
27
27
27
27
46
46
46
46
4
5
6
7
202
217
234
265
.•
138
138
138
138
346
346
346
346
27
29
29
31
185
70
87
144
340
344
326
544
32
33
33
33
50
50
50
50
38
38
38
38
46
46
46
46
7
8
9
9
274
274
277
286
1953—Mar
June
Sept
Dec
137
137
137
137
346
346
346
346
33
34
35
35
179
172
155
158
605
615
723
737
33
33
33
33
55
55
55
52
38
38
38
38
46
46
45
36
9
9
9
9
305
324
337
361
1954 Mar
June
Sept
Dec
137
138
138
138
346
346
346
346
45
46
46
63
162
57
60
62
772
777
796
796
33
33
33
33
47
47
45
45
38
38
38
38
36
36
35
35
9
9
9
9
386
393
416
429
138
138
138
138
8
346
346
346
352
63
67
67
74
64
78
141
142
798
804
804
865
33
33
33
33
45
45
45
45
38
38
48
48
35
35
35
35
10
11
13
16
438
436
427
428
Sept
Dec
138
138
138
138
8
8
8
14
352
353
360
338
74
74
74
77
164
165
166
167
875
853
854
844
33
33
33
33
45
45
46
50
48
49
49
49
35
35
35
35
17
18
20
22
431
436
442
448
1957—Mar
June
Sept
Dec
138
138
138
138
14
14
14
20
364
364
428
452
84
84
84
91
166
165
182
180
814
806
700
744
33
33
33
33
45
46
45
45
49
49
49
49
35
35
35
28
23
26
20
6
461
458
467
461
138
138
138
141
25
25
25
34
462
607
847
1,086
91
91
91
91
158
153
147
143
847
910
956
1,050
33
33
33
33
43
43
43
43
49
49
49
49
20
20
20
19
8
11
14
10
454
474
486
493
1947 Mar
June
Sept
Dec
1948—Mar
June
Sept
Dec
1949—Mar
June
Sept
Dec
1950
..
.
..
.
. .
Mar
.
Sept
Dec
.
1951—Mar
June
Sept
Dec
1952—Mar
June
Sept
Dec
1955—Mar
June
Sept
Dec
...
...
. ..
.
.
•.
.
1956—Mar
58
58
58
to
2
2
ototo
131
124
124
123
149
Mexico
tOtO
0000
.
Lebanon
J\
X
Mar
June
Sept
Dec
Italy
to
1945 Dec
1946
Iraq
toto
Iran
End of quarter
1958—Mar
June
Sept
Dec
...
1959—Mar
June
Sent
Dec
.
..
140
140
140
140
34
34
84
84
1,190
1,311
1,476
1,749
102
102
102
102
142
160
165
142
1,164
1,164
1,162
1,132
34
34
34
34
43
43
30
30
49
50
50
50
19
19
19
28
7
10
7
9
501
512
525
548
I960—Mar
June
Sept
Dec
.
...
131
131
131
130
84
84
84
98
1,902
1,997
2,186
2,203
102
102
102
119
142
142
121
137
1,164
1,231
1,346
34
34
35
35
30
30
30
30
52
52
52
52
28
28
27
42
12
16
13
15
549
549
550
552
14
3. GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS, 1945-60 — Continued
[In millions of dollars]
End of quarter
South
Africa
Spain
Sweden
Switzerland
Thailand
Turkey
U.A.R. United
(Egypt) Kingdom2
Uruguay
Venezuela
Bank
for Intl. EPUEF4
Settle-3
ments
1945—Dec.
914
110
482
1,342
86
241
52
2,476
195
202
33
1946—Mar.
June
1,014
1,046
Sept.
Dec.
970
939
111
111
111
111
478
473
472
381
1,361
1.376
1|412
1,430
86
86
86
78
241
240
237
237
52
52
52
53
n.a.
2,301
n.a.
2,696
195
204
205
200
212
215
215
215
34
34
33
26
1947_Mar.
June
Sept.
Dec.
803
757
805
762
111
111
111
111
265
168
93
105
1,432
1,355
1,386
1,356
78
78
78
78
233
191
169
170
53
53
53
53
2,380
2,410
2,383
2,079
197
189
183
175
235
235
215
215
21
21
23
25
1948—Mar.
June
Sept.
Dec.
438
373
269
183
111
111
111
111
97
85
81
81
1,353
1,345
1,371
1,387
78
78
78
78
171
164
160
162
53
53
53
53
2,241
1,920
1,777
1,856
200
203
181
164
240
263
304
323
34
24
32
31
1949_Mar.
June
Sept.
Dec.
166
149
121
128
111
111
111
111
80
71
70
70
1,408
1,419
1,485
1,504
78
78
78
118
162
160
159
154
53
53
53
53
1,912
1,651
1,425
1,688
164
161
177
178
323
323
373
373
42
51
48
54
1950—Mar.
June
Sept.
Dec.
166
177
179
197
111
111
111
111
69
71
87
90
1,527
1,559
1,529
1,470
118
118
118
118
154
149
146
150
80
83
98
98
1,984
2,422
2,756
3,300
190
189
217
236
373
373
373
373
56
46
46
53
1951—Mar.
June,
Sept.
Dec,
205
210
210
190
111
111
111
111
114
129
128
152
1,448
1,451
1,446
1,452
118
115
113
113
150
150
150
151
118
143
174
174
3,758
3,867
3,269
2,335
295
280
252
221
373
373
373
373
61
70
40
47
26
65
1952—Mar.
June,
Sept.
Dec,
169
148
158
170
111
111
111
127
214
213
202
184
1,432
1,408
1,404
1,411
113
113
113
113
150
150
146
143
174
174
174
174
1,700
1,685
1,685
1,846
211
211
211
207
373
373
373
373
44
44
60
47
154
216
184
158
1953—Mar.
June
Sept.
Dec
174
175
175
176
128
130
130
130
194
193
206
218
1,418
1,441
1,456
1,459
113
113
113
113
144
144
143
143
174
174
174
174
2,166
2,367
2,486
2,518
217
222
222
227
373
373
373
373
78
63
70
75
153
153
153
153
1954_Mar.
June,
Sept.
Dec
177
187
195
199
130
132
132
132
218
219
219
265
1,469
1,469
1,503
1,513
113
113
113
113
144
144
144
144
174
174
174
174
2,685
3,017
2,901
2,762
227
227
227
227
373
403
403
403
71
71
76
76
153
153
153
153
1955—Mar.
June,
Sept.
Dec,
203
212
214
212
132
132
132
132
265
264
264
276
1,499
1,485
1,513
1,597
113
113
112
112
144
144
144
144
174
174
174
174
2,667
2,680
2,345
2,120
227
227
216
216
403
403
403
403
99
111
112
121
153
153
212
244
1956—Mar.
June.
Sept.
Dec.
212
215
214
224
132
132
132
132
273
257
263
266
1,608
1,571
1,634
1,664
112
112
112
112
144
144
144
144
174
174
174
188
2,277
2,385
2,328
2,133
216
216
214
186
403
403
403
603
105
68
37
59
262
282
244
268
1957_Mar.
June.
Sept.
Dec.
233
234
215
217
132
132
132
101
252
231
235
219
1,625
1,622
1,713
1,706
112
112
112
112
144
144
144
144
188
188
188
188
2,209
2,381
1,850
2,273
183
183
183
180
669
669
719
719
30
27
12
24
229
254
1958—Mar.
June.
Sept.
Dec.
193
159
188
211
101
101
101
57
203
204
204
204
1,708
1,857
1,934
1,925
112
112
112
112
144
144
144
144
174
174
174
174
2,770
3,076
3,120
3,069
180
180
180
180
719
719
719
719
26
-18
-40
-42
126
126
126
126
1959—Mar.
June.
Sept.
Dec.
193
201
225
238
57
57
57
68
204
205
191
191
1,935
1,909
1,900
1,934
112
112
112
104
144
144
144
133
174
174
174
174
3,139
3,172
3,284
2,736
180
180
180
180
719
719
719
652
-45
24
-9
-134
25
24
26
40
I960—Mar.
June.
Sept.
Dec.
256
240
204
178
78
78
98
178
171
171
171
170
1,777
1,774
1,980
2,185
104
104
104
104
133
133
133
134
174
174
174
174
2,780
2,892
3,108
3,231
180
180
180
180
652
512
462
398
17
-103
-79
-19
39
48
53
55
1
Excludes U.S.S.R., other Eastern European countries, and China
Mainland.
2
Through September 1958, represents Exchange Equalization Account
reserves of gold and U.S. and Canadian dollars, as reported by the British
Treasury; thereafter represents EEA gold and convertible currency
reserves.
3
Represents net gold assets of BIS, i.e., gold in bars and coins and
other
gold assets minus gold deposit liabilities.
4
European Payments Union through December 1958 and European
Fund thereafter.
15
4.
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS
[End of quarter ; in millions of dollars]
1949
1950
4
Area and country
92
818
70
31
715
149
Finland
36
. . . .
Sweden
Turkey
Other2
Total
-
...
. . .
Latin American republics:
Argentina
Cuba
.
Peru
...
. . . .
18
Total foreign countries 4
International
Grand total 4
Memorandum item:
398
10,033
520
1,876
426
1,479
654
8,301
1,359
253
411
1
431
448
36
459
110
145
484
479
37
443
102
122
536
512
42
505
117
137
552
43
544
120
127
530
39
45
51
267
74
81
2
2
3
12
1
43
62
55
244
81
80
10
4
7
5
2
48
1
2
2
3
14
1
536
457
117
209
120
184
2,154
162
2,662
335
120
4
560
487
130
216
124
197
2,129
158
3,103
311
8,938
240
1,340
328
9
4
8
5
1
50
4
9
3
8
5
2
58
5
18
12
4
217
9
3
43
4
1
58
132
19
25
47
47
52
224
74
78
2
11
2
3
14
1
255
490
79
46
44
50
291
72
86
1
291
475
82
2
311
458
91
3
2
11
2
2
15
1
47
39
52
415
59
91
2
11
2
15
248
483
86
1
22
3,047
24
3,034
38
3,269
40
3,439
61
2
309
206
2
298
220
2
303
261
2
303
324
2
16
18
157
400
291
142
16
18
155
467
293
148
2
20
158
526
321
153
2
19
160
587
377
166
1
2
19
522
8
469
9
461
8
447
8
417
9
1,964
44
1,974
45
2,042
32
2,169
31
2,334
32
119
109
107
103
134
115
303
13
192
141
325
107
8
182
137
304
14
213
162
325
15
241
174
336
9
671
8
732
13
765
14
803
15
858
9
14,951
449
15,413
556
16,119
652
17,595
910
18,143
1,276
3,109
159
3,094
188
3,031
242
3,076
249
3,022
276
18,060
608
18,507
744
19,150
894
20,671
1,159
21,165
1,552
2,707
112
3,035
124
3,501
130
3,947
139
4,433
146
For notes see p. 23.
9,478
146
46
161
298
143
Total
124
10
92
715
76
30
923
222
34
571
505
94
238
132
205
2,023
164
3,557
452
214
Japan
South Africa
U A R (Egypt)
Other3
18
10
5
1,355
157
340
All other:
16
44
85
711
67
26
842
286
7,911
310
194
Total
14
4
5
114
4
221
Indonesia
Thailand
Other
16
37
85
768
67
26
784
228
103
10
5
1
51
3,050
Total.
2
4
5
516
410
129
213
123
175
2,101
164
2,212
334
10
4
7
1
Asia:
4
560
366
120
216
127
160
2,016
164
1,924
347
236
516
81
Venezuela
Other
93
800
61
27
726
180
5
37
510
101
138
463
Brazil
Chile
El Salvador
Guatemala
3
2
U.S.
Gold &
U.S.
Gold &
Gold &
Gold &
U.S.
U.S.
Gold &
U.S.
Govt.
shortGovt.
shortshortshortGovt.
Govt.
shortGovt.
bonds
term
bonds
term
term
term
bonds
bonds
term
bonds
dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
Western Europe:
Germany, Fed. Rep. of
Greece
Italy
..
Netherlands
Norway
1
16
4.
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS —- Continued
[End of quarter, in millions of dollars]
1952
1951
I
Area and country
Western Europe:
Austria
Belgium
Denmark
..
Finland
Prance
Germany Fed Rep of
Greece
Italy
Netherlands
Norway
Portucal
Spain ..
Sweden
Switzerland . . .
Turkey
United2 Kingdom 1
Other
Total
Canada
Latin American republics:
Arcentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
..
Mexico
Panama Republic of
Peru
Uruguay
Venezuela
Other
Total
Asia:
India
Indonesia
Iran .
Japan
Philippines
Thailand
Other
Total
Gold&
shortterm
dollars
95
746
79
33
980
242
38
562
510
104
255
128
219
1,953
167
4,014
Gold&
U.S.
Govt.
shortbonds
term
& notes dollars
20
13
4
236
9
2
43
4
1
56
94
704
76
43
992
110
263
129
228
1,960
162
4,145
403
147
26
10,528
561
10,673
1,439
626
1,610
388
11
11
4
250
9
2
33
4
55
107
771
76
43
957
503
45
569
446
153
282
125
217
1,958
162
3,613
6
8
4
211
10
1
4
4
51
362
110
8
525
10,389
497
1,706
121
24
107
770
76
53
886
434
50
633
465
150
306
128
224
1,973
165
2,843
9,661
2,149
588
517
49
51
26
2
11
2
2
15
2
2
3
15
1
2
1
28
2
1
28
2
2
4
14
1
2
419
99
154
575
58
54
54
366
68
93
306
445
2
106
756
70
53
817
390
50
638
490
154
316
129
276
1,977
161
2,284
6
9
4
210
10
1
4
4
1
45
505
113
7
405
9,172
100
2,206
1
2
5
14
9,467
421
2,387
117
456
414
1
44
47
1
2
401
96
138
635
62
67
65
266
74
103
309
503
4
123
3,303
54
306
1
1
28
2
2
5
13
1
108
3
102
3
119
3,720
62
3,657
56
3,488
58
3,361
59
3,366
58
307
2
327
1
316
309
1
293
1
365
165
15
402
163
534
399
171
2
21
471
409
181
2
20
620
375
193
1
2
20
421
163
729
337
210
2
19
4
1
42
106
113
5
10
1
4
414
2
366
163
145
315
129
281
2,009
171
2,218
208
125
8
2
1
28
2
613
547
6
8
4
538
419
102
157
609
63
70
66
357
68
102
294
440
1
102
806
65
47
885
545
51
107
421
164
815
339
234
2
16
456
159
849
341
240
1
28
2
2
4
8
1
2
5
2
15
446
9
466
8
459
8
494
8
494
8
493
8
2,386
34
2,384
46
2,528
36
2,663
30
2,760
27
2,844
26
16
All other:
Australia
South Africa
U A R (Egypt)
Other 3
118
124
128
226
203
343
227
222
14
232
348
14
279
349
16
285
380
Total
890
14
931
14
978
16
1,013
18,963
1,297
19,255
1,138
19,089
863
Total foreign countries 4
4
1
43
335
48
459
100
114
623
59
64
50
335
59
99
332
449
10
1
4
418
632
1
iii
105
7
45
531
115
125
609
59
77
57
329
58
100
355
449
6
9
4
398
633
579
115
107
547
52
70
59
413
52
101
377
463
1
Gold &
U.S.
U.S.
U.S.
Gold &
U.S.
Gold &
Gold &
U.S.
shortshortGovt.
Govt.
Govt.
shortshortGovt.
Govt.
term
term
term
bonds
bonds
bonds
term
bonds
bonds
& notes dollars & notes dollars & notes dollars & notes dollars & notes
357
44
532
446
4
3
I
151
151
197
178
1
163
159
15
292
394
16
301
387
1,017
16
1,008
17
18,847
610
18,521
621
19,009
635
17
2,977
349
3,053
295
3,081
275
3,171
261
3,094
257
3,150
258
Grand total 4
21,940
1,646
22,308
1,433
22,170
1,138
22,018
871
21,615
878
22,159
893
Memorandum item:
Sterling area
4,871
161
5,027
134
4,480
118
3,744
114
3,168
123
3,106
135
International
For notes see p. 23.
17
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS — Continued
4.
[End of quarter; in millions of dollars]
1952
1953
Western Europe:
Austria
Belgium
Denmark
Finland
France
.
Germany Fed Rep of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom *
Other2
...
Total
Total
All other:
Australia
.
South Africa
U A R. (Eevot)
Other 3
.
310
426
1
485
2
396
128
206
527
59
84
73
393
91
113
309
490
455
2,413
143
1
208
10
3
4
4
1
45
6
6
4
208
10
3
10
4
1
46
1
2
5
132
2
2
3,339
55
3,381
53
302
1
312
1
1
28
2
2
5
8
296
157
2
5
8
15
11,346
511
301
2,054
306
2,157
2
455
129
208
579
59
74
72
339
97
109
311
530
10
3
4
3
1
45
519
28
2
5
8
2
2
17
208
""io"
3
4
3
1
45
212
8
2
519
2
485
134
202
587
57
63
63
325
102
105
311
571
6
9
5
158
10
2
4
3
44
223
9
2
5
5
2
2
6
9
6
1
158
9
5
3
1
41
232
10
474
12,679
482
250
2,282
227
2
502
2
2
1
2
423
121
236
527
51
56
65
341
90
104
337
595
40
41
29
243
906
127
64
1,046
1 224
112
812
980
171
433
166
335
2,133
157
3,009
761
29
5
2
2
1
43
4
1
1
2
5
153
3
159
3
3
130
3,548
53
3,687
52
3,710
46
3,618
61
323
1
334
1
340
1
346
1
275
156
3,014
1
6
6
5
47
8
2,871
159
194
234
466
502
2,255
208
19
8
1
10,728
213
871
113
57
969
1 053
89
714
954
169
404
153
309
2,120
157
3,051
724
12,120
2
8
19
2,860
203
8
171
824
102
60
900
893
82
660
884
164
381
149
280
2,091
152
2,886
667
1,019
334
306
601
2
8
2
8
166
170
266
417
28
2
929
324
294
559
891
329
271
544
6
6
5
41
45
393
121
194
515
56
55
61
375
81
107
301
519
409
100
153
601
59
54
59
320
80
102
302
527
367
156
Japan
Philippines
Thailand
Other
503
2,306
10,023
133
.. •
10,219
156
8
6
6
4
43
..
196
9
154
833
93
52
856
771
67
651
836
171
360
146
283
2,051
153
2,627
624
143
828
101
55
925
691
57
655
747
160
343
146
275
2,053
151
2,318
571
126
851
82
52
993
604
50
638
671
154
328
131
280
2,018
155
2,241
649
397
Total
Asia:
India
Indonesia
4
3
2
Gold &
Gold &
U.S.
U.S.
Gold &
U.S.
U.S.
Gold &
U.S.
U.S.
Gold &
Gold &
shortshortshortGovt.
shortGovt.
Govt.
Govt.
shortGovt.
Govt.
shortterm
term
term
term
bonds
bonds
bonds
bonds
term
bonds
bonds
term
dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
Canada
Latin American republics:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
Mexico
Panama Republic of
Peru
Uruguay
Venezuela
Other
I
4
3
Area and country
168
207
227
480
246
155
2
8
8
1,015
316
311
559
19
2,936
19
1
16
179
212
229
486
8
1
17
145
198
168
1,055
318
304
572
2,955
167
214
218
485
184
181
2
8
8
951
304
281
598
19
2,845
20
176
214
217
482
15
2
8
1
17
9
1
1,019
16
1,053
18
1,082
17
1,106
18
1,084
18
1,089
16
Total foreign countries 4 . . . 19,654
688
19,830
903
20,627
892
21,129
906
22,026
807
22,513
806
Total
3,265
259
3,277
270
3,204
307
3,227
311
3,202
292
3,331
285
Grand total 4
22,919
947
23,107
1,173
23,831
1,199
24,356
1,217
25,228
1,099
25,844
1,091
Memorandum item:
Sterling area
3,146
167
3,253
207
3,596
214
3,880
223
4,040
234
4,021
242
International
For notes, see p. 23.
18
4. GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS — Continued
[End of quarter in millions of dollars]
1955
1954
I
1
Area and country
Western Europe:
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Rep. of
Greece
Italy
Netherlands
Norway
...
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom 1 .
Other2
Total . .
Canada
Latin American republics:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic....
El Salvador
Guatemala
Mexico
Panama, Republic of...
Peru
Uruguay
Venezuela
Other
Total
Asia:
India
Indonesia
Iran
Japan .
Philippines
Thailand
Other
Total
All other:
Australia
South Africa .
U.A.R. (Egypt)
Other3
Total
Total foreign countries 4
1
4
3
2
Gold &
U.S.
Gold &
U.S.
U.S.
U.S.
Gold &
Gold &
Gold &
U.S.
U.S.
Gold &
shortshortGovt.
shortGovt.
Govt.
Govt.
Govt.
shortshortGovt.
shortterm
bonds
term
bonds
bonds
term
bonds
term
bonds
term
bonds
term
dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
273
929
133
71
1,064
1,385
123
841
987
169
462
152
337
2,134
153
3,198
808
250
7
295
877
124
73
1,136
1,503
125
802
1,049
178
479
158
342
2,105
151
3,536
808
13,219
494
13,741
521
2,356
230
2,355
202
542
35
431
102
247
548
61
76
80
329
93
109
329
562
8
9
7
3
153
9
2
5
3
38
1
2
549
36
417
103
317
532
68
71
75
258
88
103
335
621
6
145
3,707
63
329
166
185
800
319
268
646
1
163
2
1
42
4
4
1
5
3
36
239
9
14,092
524
14,440
216
7
475
2,437
198
2,609
93
9
20
2,580
174
221
224
484
1
176
225
226
477
3
1
38
249
5
14,634
533
14,979
605
2,413
182
2,375
262
5
22
14
3
1
42
2
37
36
3
42
280
9
8
133
10
1
3
140
11
1
3
138
1
3
12
3,657
129
3,673
146
3,565
172
3,708
174
1
1
3
6
1
7
344
196
190
880
263
243
786
1
15
9
334
179
178
837
264
245
738
1
15
8
334
181
169
847
266
236
706
19
2,739
19
2,775
33
2,902
31
1
194
236
228
460
1
13
186
232
221
454
204
242
224
474
12
1
8
320
168
164
794
318
238
660
19
2,662
13
173
234
219
460
3
7
6
1
3
102
6
3
1
33
10
1
529
28
442
136
188
431
83
79
78
419
84
118
291
664
3,718
4
5
331
946
85
69
1,740
2,158
138
992
1,006
116
530
241
383
2,170
156
3,139
779
12
9
7
3
161
524
26
417
118
182
420
75
72
72
427
79
114
308
591
147
80
9
1
12
10
6
5
160
3
337
923
100
69
1,518
2,125
141
957
1,020
109
530
225
386
2,149
154
3,137
754
532
34
442
112
307
423
72
59
62
391
74
118
317
597
5
2
1
12
10
7
3
161
234
20
1
3
2,713
i4
9
2
11
10
7
3
187
335
878
102
72
1,423
1,999
124
925
1,045
148
520
203
406
2,185
152
3,190
733
341
864
107
69
1,162
1,822
105
874
1 044
177
499
190
399
2,172
150
3,388
729
577
35
413
117
254
477
73
54
64
315
77
111
329
614
338
140
172
740
308
243
639
2
8
11
10
7
3
187
2
1
104
4
6
3
7
2
1
124
4
3
6
12
2
1
149
4
1
12
2
1
149
4
2
3
6
1
5
1
1,103
15
1,104
13
1,086
13
1,093
13
1,118
13
1,144
13
23,098
822
23,498
857
23,934
883
24,554
746
24,505
933
25,108
1,085
3,401
285
3,364
306
3,536
341
3,510
354
3,557
362
3,599
317
Grand total 4
26,499
1,107
26,862
1,163
27,470
1,224
28,064
1,100
28,062
1,295
28,707
1,402
Memorandum item:
Sterling area
4,194
260
4,548
248
4,387
243
4,214
226
4,179
259
4,206
289
International
For notes see p. 23.
19
4.
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS — Continued
[End of quarter; in millions of dollars]
1955
1956
4
:
Area and country
Western Europe:
Austria
Belgium
Denmark
Finland
.
France
Germany, Fed. .Rep. of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom *
Other 2
U.S.
Gold &
U.S.
Gold &
Gold &
Gold &
U.S.
U.S.
U.S.
Gold &
Gold &
U.S.
Govt.
Govt.
shortshortshortshortshortGovt.
shortGovt.
Govt.
Govt.
bonds
term
term
bonds
term
term
bonds
term
term
bonds
bonds
bonds
dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
351
...
Total
Canada
Latin American republics:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
Mexico
Panama, Republic of
Peru.
Uruguay
Venezuela
Other
12
10
7
5
161
5
Japan
Philippines
Thailand
Other
16,066
460
437
2,298
369
2
466
2
40
53
3
1,077
102
80
2,125
2,490
194
1,158
1,068
99
564
231
3
15
3,790
195
320
255
175
1,021
268
250
1
15
12
847
3,015
38
3,136
40
3,231
210
251
234
1
219
265
246
1
230
255
242
510
26
3
14
139
217
389
77
52
72
556
86
127
281
668
124
3,750
194
339
201
174
1
15
813
4
1
3
6
1
12
6
5
6
10
2
19
69
3
444
44
511
27
538
141
222
374
79
74
91
583
82
127
289
627
147
266
235
All other:
Australia
South Africa
U A.R. (Egypt)
Other*
622
2,166
397
987
Total
15,478
631
2,311
169
318
241
7
15,228
129
184
423
82
61
70
481
85
124
277
662
140
10
282
7
10
7
5
151
8
429
44
323
2,341
154
2,820
796
286
6
3
10
1,058
99
82
1,913
2,742
176
1,214
1,059
100
560
222
426
2,307
151
2,875
819
2,354
153
2,600
726
2
37
53
537
26
..
332
1,036
91
84
2,023
2,374
187
1,137
1,029
127
560
236
981
95
73
2,018
2,250
145
1,105
1,003
113
539
252
411
2,197
153
2,800
742
469
Total
Asia:
India
Indonesia
A
3
1
70
528
362
2
582
3,961
1
4
6
1
330
236
166
1 084
285
263
13
867
14
329
171
169
1,167
300
253
4
1
453
2,386
192
1
4
3
16,121
3,912
4
1
167
2
20
73
348
1,089
95
90
1,720
3,099
161
1,286
1,022
109
574
200
253
9
3
14
169
2
1
12
6
5
7
11
2,446
158
2,820
821
All
25
540
147
223
399
81
73
93
523
94
115
283
734
154
2
10
117
10
12
6
5
7
13
2
20
79
3
i26
367
1,042
96
88
1,550
3,329
187
1,268
978
117
585
175
483
10
12
6
5
7
14
2
5
87
3
131
266
20
2,500
164
2,812
770
203
17
16,491
569
16,511
502
2,541
352
2,619
367
1
1
549
399
25
3
14
151
180
407
77
53
80
561
104
117
290
808
133
193
370
29
1
1
3
14
137
210
347
79
53
91
600
109
119
259
1,058
113
3,967
191
4,123
191
1
323
231
158
1 145
294
260
1
6
1
328
204
174
1 186
298
254
167
4
167
4
1
167
4
1
3
13
895
14
885
17
959
4
6
1
18
26
3,284
26
3,329
29
3,370
30
1
243
245
236
1
1
191
211
238
1
11
177
248
222
512
12
6
1
4
4
6
1
481
13
480
13
493
11
512
12
512
1,176
14
1,210
14
1,220
12
1,236
12
1,159
13
1,218
13
Total foreign countries 4 . . . 25,480
1,274
25,780
1,308
26,727
1,059
26,988
1,121
27,487
1,154
27,841
1,103
3,595
320
3,689
321
3,680
319
3,750
317
3,717
392
3,144
391
29,075
1,594
29,469
1,629
30,407
1,378
30,738
1,438
31,204
1,546
30,985
1,494
3,885
303
3,681
295
3,911
254
3,962
265
3,853
286
3,904
223
Total
International
Grand total 4
Memorandum item:
Sterling area
.
..
For notes see p. 23.
20
4.
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS — Continued
[End <>f quarter; in millions of dollairs]
1958
1957
I
Area and country
Western Europe:
Austria
Belgium .
Denmark
Finland
France
Germany, Fed. Rep. of
Greece....
Italy
Netherlands . . .
.
Sweden
S witzerland
Turkey
United Kingdom *
Other2
Total
Canada
Latin American republics:
Argentina
Bolivia
Brazil...
....
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
....
Mexico
Panama Republic of
Peru
Uruguay .
Total
Asia:
India....
Indonesia
Iran
Japan
Philippines
Thailand
Other
Total
All other:
South Africa
UAR
Other 3
(EKVDO
I
4
I
Gold &
U.S.
U.S.
Gold &
Gold &
Gold &
U.S.
Gold &
U.S.
Gold &
U.S.
U.S.
shortGovt.
shortGovt.
Govt.
shortshortshortGovt.
shortGovt.
Govt.
term
bonds
term
bonds
bonds
term
term
term
bonds
term
bonds
bonds
dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
Portugal
Other
3
I
374
9
382
8
424
8
994
107
94
1,316
3,520
189
1,250
934
121
584
164
480
2,399
158
2,854
768
11
6
5
8
14
11
6
5
9
14
264
28
1,002
133
97
992
4,063
152
1,458
872
139
591
156
508
2,515
156
2,507
738
8
6
5
9
14
238
26
962
92
94
1,270
3,719
177
1,323
916
133
578
157
499
2,431
158
2,894
753
16,306
553
16,538
574
2,597
438
2,694
457
2
6
93
3
132
2
6
86
3
132
556
18,807
507
2,715
441
3,078
345
1
2
6
1
22
2,951
32
2,970
191
294
246
544
1
197
262
242
535
1
1
4
6
1
22
323
168
173
754
243
279
1,011
3,211
34
193
293
248
543
1
13
176
1
2
6
1
23
329
190
193
714
181
269
1,027
33
1
12
220
27
17,967
4,368
3
1
241
29
539
3
5
128
1
2
13
167
7
7
6
5
26
12
457
329
220
187
698
235
275
1,026
324
188
178
1,003
267
279
972
167
466
1,249
145
82
951
4,043
135
1,678
1,203
151
628
132
458
2,684
156
3,810
836
2,723
2
10
105
270
24
440
117
200
371
59
62
93
536
148
82
266
1,428
155
1
1
7
7
6
5
10
15
17,214
189
188
1
1
8
6
5
9
14
458
205
31
4,563
4,488
13
443
3
134
1
2
13
190
4
1
487
2,752
4
1
1
2
11
4,159
167
16,503
2
9
81
8
1,108
162
96
899
3,971
167
1,528
1,170
150
609
129
461
2,608
157
3,460
834
263
27
456
115
215
371
65
58
92
566
136
88
235
1,554
127
2
2
12
1
1
180
28
313
30
457
117
244
416
70
65
87
553
129
96
243
1,615
128
345
26
467
131
263
393
98
81
97
504
135
110
248
1,450
140
331
25
556
137
250
354
89
73
101
575
117
117
257
1,043
134
452
1,045
143
99
935
4,099
167
1,531
947
138
603
125
479
2,673
162
2,875
741
2
10
95
3
8
118
4
9
89
3
4
88
2
12
265
24
450
126
192
417
64
64
91
485
140
93
258
1,459
152
4,251
168
4,280
108
1
2
5
1
25
326
128
190
833
196
269
1,026
2
5
1
24
328
127
202
932
175
260
1,017
5
1
21
2,903
34
2,968
33
3,041
29
211
255
228
514
1
218
231
216
525
1
222
183
192
488
14
1
1
154
3
1
13
1
146
3
2
14
1
1
86
3
1
2
2
12
1
1,277
14
1,275
14
1,236
13
1,208
14
1,190
15
1,085
15
Total foreign countries 4 . . . 27,550
1,229
27,946
1,265
28,024
1,165
28,416
1,220
29,091
1,213
30,291
1,004
Total
2,996
392
2,720
366
2,679
222
2,697
222
2,563
355
2,696
446
Grand total 4
30,546
1,621
30,666
1,631
30,703
1,387
31,113
1,442
31,654
1,568
32,987
1,450
Memorandum item:
Sterling area . . .
3,953
269
3,994
299
3,601
216
3,964
245
4,523
284
4,829
261
International
For notes see p. 23.
21
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS — Continued
[End of quarter; in millions of dollars]
1958
1959
4
3
Area and country
Gold &
shortterm
dollars
Western Europe:
Austria
Belgium
Denmark
..
Finland
France
Germany Fed. Rep of . .
Greece
Italy
Netherlands
Norway
Portucal
Spain .
Sweden
Switzerland .
Turkey
United Kingdom ^ .
Other 2
Total
Canada
Latin American republics:
Arsentina
Bolivia..
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
Mexico .
Panama Republic of
Peru
Uruguay
Venezuela . . .
Other
Total
554
1,334
193
98
1,139
4,330
126
1,934
1,293
144
643
134
496
2,733
154
3,851
839
7
6
3
3
88
All other:
Australia
South Africa
U A R (Eevot)
Other 3
341
6
1
12
13
2
10
120
3
10
76
86
241
366
1
86
135
12
2
2
119
2
11
4,040
108
4,017
106
320
129
181
1,018
1
324
145
184
1,094
3
1
4
2
191
252
973
24
1,041
1
3
1
27
3,064
30
3,219
32
1
3
186
245
241
241
190
512
646
184
42
31
82
201
49
20,901
562
21,772
621
3,159
344
3,195
342
1
495
212
12
15
2
11
125
3
31
80
504
135
262
339
52
64
70
543
156
93
276
1,227
86
3
2
2
13
4,134
107
1
j
1,081
3
1
32
3,431
38
180
250
246
221
190
508
480
170
278
317
55
69
67
566
147
96
269
1,219
2
13
133
3
4
1
7
7
264
48
22,362
742
22,206
855
3,284
450
3,158
452
1
478
228
82
288
214
4
2
47
58
61
584
129
110
242
929
16
"""is"
136
1
3
68
90
266
277
49
55
59
565
157
107
251
997
16
17
141
1
3
101
88
323
51
393
25
143
3
13
3,979
105
366
149
167
1,420
64
1
35
1
1
82
3
3
123
3
12
3,909
105
361
172
187
1 564
1
2
3
1,139
2
3
1
31
187
239
1,221
2
5
1
39
1,245
46
3,586
38
3,749
48
3,955
53
264
287
194
526
41
178
246
1,184
15
1,165
19
32,189
983
32,790
1,070
33,905
18
4
2
104
16
1
82
623
1 272
168
109
1 945
4,624
212
3,119
1,617
125
686
154
404
2,903
164
3,490
591
21
4,174
346
118
179
1,380
7
7
54
1
32
325
2
13
996
14
16
155
1,119
Total
15
1
32
23
155
337
156
195
1,232
44
263
1
Total foreign countries 4 .... 31,240
1
685
1,383
144
109
2,078
4,057
187
3,054
1,597
133
676
124
521
2,805
176
3,956
677
226
237
190
525
1,178
228
216
192
483
7
7
1,388
141
109
1,880
4,171
179
2,720
1,520
156
663
92
555
2,787
165
3,909
691
21
23
463
140
7
6
43
237
210
1
1
51
57
69
561
146
96
262
1,213
59
56
75
517
148
92
260
1,233
Total
489
3,097
346
207
409
..
20,672
496
1
9
97
629
194
29
3,022
13
7
6
1,363
169
113
1,456
4,063
158
2,421
1,511
151
676
87
498
2,781
164
3,923
738
19,995
6
5
11
245
Asia:
India
Indonesia
Iran
Japan
Philippines
Thailand
Other
605
216
31
22
3
2
Gold &
Gold &
U.S.
U.S.
Gold &
U.S.
U.S.
Gold &
U.S.
Gold &
U.S.
shortshortGovt.
Govt.
shortGovt.
Govt.
shortshortGovt.
Govt.
bonds
term
term
bonds
term
bonds
bonds
term
term
bonds
bonds
& notes dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
1,385
200
104
1,282
4,394
143
2,207
1,389
173
656
93
507
2,777
164
3,723
870
458
124
I
1
21
252
268
190
515
1
23
181
245
1
22
1,225
24
1,271
42
1,127
34,599
1,369
34,499
1,507
2,790
462
2,876
495
3,027
523
4,665
523
5,043
605
5,565
660
Grand total 4
34,030
1,458
35,065
1,478
35,817
1,593
38,570
1,650
39,642
1,974
40,064
2,167
Memorandum item:
Sterling area
4,904
263
4,837
242
5,036
238
5,023
261
5,148
326
4,730
407
International
For notes see following page.
22
GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES
AND INTERNATIONAL ORGANIZATIONS — Continued
[End of quarter in millions of dollars]
1960
Area and country
Western Europe:
Austria
Belgium
.
Denmark
Finland
France.
Germany, Fed. Rep. of
Greece
Italy
Netherlands . . .
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom *
Other2
.
.
Gold &
U.S.
Gold &
U.S.
Gold &
Gold &
U.S.
shortshortGovt.
Govt.
shortshortGovt.
term
term
bonds
bonds
term
term
bonds
dollars & notes dollars & notes dollars & notes dollars
.
277
168
39
63
1
448
186
1
82
262
149
45
61
82
70
77
Total
Asia:
India
Indonesia . . .
Iran
Japan
Thailand
Other
574
128
100
242
897
4
3
1
All other:
Australia
South Africa
U.A.R. (Egypt)
Other 3
3
12
260
3
11
3,823
106
3,717
351
183
176
1,644
190
10
306
188
168
1,755
214
1
2
3
838
416
446
2
2
39
1
1
460
179
242
108
43
52
65
495
127
97
244
795
1
63
1
4
2
1
3
419
25
481
180
236
78
47
54
68
534
123
114
231
796
4
148
1
1
82
94
412
39
420
44
1
1
2
2
1
3
7
1
1
1
11
245
9
105
3,666
86
3,630
59
15
40
40
41
2
2
301
236
152
2,166
218
40
2
2
297
195
156
1,984
237
2
2
3
2
1
70
1,026
59
290
991
43
45
4,033
70
4,002
115
4,171
103
4,354
87
92
1
27
35
1
263
276
1
259
235
1
57
235
196
552
28
207
196
600
1,307
58
1,242
29
1,238
28
35
1,582
35,810
1,592
37,044
1,491
37,654
1,409
1,426
709
5,835
755
6,133
671
6,394
884
900
40,577
2,291
41,645
2,347
43,177
2,162
44,048
2,293
2,326
4,972
476
5,302
550
5,627
489
5,558
512
536
55
34,823
5,754
Grand total 4
Memorandum item:
Sterling area .
299
207
528
1
2
4
Excludes gold reserves of the U.S.S.R., other Eastern European
countries,
and China Mainland.
5
Of the two sets of figures shown, the first continues the series based
on a 1955 survey and reported securities transactions; the second is based
on a survey as of Nov. 30, 1960, and reported securities transactions in
December. Data are not available to reconcile the two series or to revise
figures
for earlier dates.
6
Beginning with June 1960, includes the Inter-American Development
Bank.
Gold reserves of the United Kingdom are estimated.
This category includes — in addition to "other" Western European
countries — unpublished gold reserves of certain Western European
countries; gold to be distributed by the Tripartite Commission for the
Restitution of Monetary Gold; European Payments Union through
December 1958 and the European Fund thereafter; and the Bank for
International Settlements (the figures for the gold reserves of the BIS
represent
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 and
Asia.
819
3,324
13
143
1
3
77
57
5
3
281
264
1,306
...
25,108
2
31
1,107
54
International
849
14
158
1
3
78
74
6
28
1
16
16
1
53
280
216
548
Total foreign countries 4
3
424
7
53
1
17
16
1,236
272
Total
1
4
2
1
149
253
Total
497
116
105
240
813
7
3,552
454
24
443
22
450
193
. .
3
79
84
536
New
series
24,413
885
429
17
158
7
Old
series
381
39
3,439
485
7
53
1
18
16
U.S. Govt.
bonds and notes 5
1,312
85
87
2,160
6,447
139
3,080
1,779
112
636
327
397
2,863
152
4,467
529
23,345
866
3,307
18
141
1
3
79
87
516
403
38
22,354
37
16
7
1,240
78
85
2,273
5,995
109
3,181
1,646
115
638
235
395
2,786
149
4,503
469
368
38
6
64
444
22
. .
490
1,340
111
99
2,310
5,243
138
3 049
1,643
131
637
227
432
2,713
152
4,124
506
1,339
145
123
2,041
4,682
186
3 053
1,646
129
674
189
388
2,708
163
3,716
616
Total
. .
7
556
. .
Canada
Latin American republics:
Argentina
.
Bolivia.
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other 6
4
3
2
i
23
KEYS TO SYMBOLS USED IN TABLES
n.a.
Zero;
Amounts insignificant in terms of the
particular unit (e.g. less than 500,000
when the unit is millions); or
No figure to be expected (e.g. one or
more series in a table may start at a
later date than others shown, or the
data may be collected only quarterly
while the other series are collected
monthly).
Not available.
24
@FedFRASER