TABLE 93.-Status of claims of American nationals against certain foreign governments as of June 30, 1972 1 Private Law 91-88. Public Law 90-241 amended the International Claims Settlement Act of 1949 to permit the 5-percent deduction to be made from the installment payments made under the claims agreements, rather than from each payment to awardees. Statutory deductions of 5 percent made by the Foreign Claims Settlement Commission prior to the funds being transferred to Treasury. Includes both principal and interest. International Financial Transactions TABLE 94.-U.S. net monetary gold transactions with foreign countries and international institutions, fiscal years 1945–72 [In millions of dollars at $35 per ounce. Negative figures represent net sales by the United States; positive figures, net purchases] TABLE 94.-U.S. net monetary gold transactions with foreign countries and international institutions, fiscal years 1945-72-Continued 1 Includes U.S. gold subscription payments of $687.5 million in 1947, $343.8 million in 1959, $258.8 million in 1965, and $385.0 million in 1970. Prior to 1961 includes gold purchases by IMF on behalf of member countries for their payments to IMF. From September 1965 through June 1969 and from October through December 1970 includes net deposits and sales of gold made by IMF in order to mitigate U.S. gold sales relating to members' quota increases. *Less than $50,000: 1 Includes gold sold to the United States by the International Monetary Fund with the right of repurchase, and gold deposited by the International Monetary Fund to mitigate the impact on the U.S. gold stock of foreign purchases for the purpose of making gold subscriptions to the Fund under quota increases. 2 Includes gold in Exchange Stabilization Fund, which is not included in Treasury gold figures shown in daily Treasury statement. 3 Includes initial allocation on Jan. 1, 1970, of $867 million, second allocation on Jan. 1, 1971, of $717 million, and third allocation on Jan. 1, 1972, of $710 million of special drawing rights (SDR) in the Special Drawing Account in the International Monetary Fund, plus or minus transactions in SDR. Includes holdings of Treasury and Federal Reserve System. The United States has the right to purchase foreign currencies equivalent to its reserve position in the Fund automatically if needed. Under appropriate conditions the United States could purchase additional amounts equal to the U.S. quota, which amounted to $7,274 million as of June 30, 1972. Reserve position includes, and gold stock excludes, $259 million gold subscription to the Fund in June 1965 for a U.S. quota increase which became effective on Feb. 23, 1966. In figures published by the Fund from June 1965 through January 1966, this gold subscription was included in the U.S.gold stock and excluded from the reserve position. 7 Includes gain of $67 million resulting from revaluation of the German mark in October 1969, of which $13 million represents gain on German mark holdings at time of revaluation. Includes $28 million increase in dollar value of foreign currencies revalued to reflect market exchange rates as of Dec. 31, 1971. Total reserve assets include increase of $1,016 million resulting from change in par value of the U.S. dollar on May 8, 1972, consisting of $828 million total gold stock, $155 million SDR, and $33 million reserve position in the International Monetary Fund. |