Wednesday, January 15, 2014

Foreign Exchange Reseve Data.......China is in a league of its own !

China’s holdings of U.S. Treasuries increased $12.2 billion to a record$1.317 trillion in November, data released on the Treasury Department’s website showed.
The figures, scheduled for release at 9 a.m. tomorrow in Washington, were inadvertently posted on the Treasury’s website. Japan’s holdings rose $12 billion to $1.186 trillion, the figures showed.
China’s swelling foreign-exchange reserves, reported today to have reached a world record $3.82 trillion at the end of December, may sustain the nation’s appetite for U.S. debt. Capital inflows and intervention to limit gains in the yuan have contributed to China building up currency holdings that are a third of the global total.
“Large interest-rate differential and steady appreciation of the renminbi contributed to large arbitrage inflows into China, a situation made all the more easy with China’s increasing financial integration and renminbi internationalization,” UBS AG Hong Kong-based economist Wang Tao wrote in a report on China’s data.
China’s pace of foreign-exchange reserve accumulation will be slower this year due to the Federal Reserve’s monetary tapering, likely widening of the yuan’s trading band and tighter controls on arbitrage activities, Wang said.

Early Release

A Treasury spokeswoman said that because of an error, limited amounts of data were posted on the department’s website ahead of the official release, and were removed as soon as it was discovered. The full November 2013 data will be released as previously scheduled at 9 a.m. tomorrow, she said.
The yuan this week reached 6.0406 per dollar, the strongest since the government unified the official and market exchange rates at the end of 1993. The latest data on China’s foreign-currency holdings contrasted with Yi Gang, a deputy governor at the central bank, saying in November that it was “no longer in China’s favor to accumulate foreign-exchange reserves.’
The U.S. data showed net long-term portfolio investment outflow was $29.3 billion in November after a revised inflow the month before of $28.7 billion, the Treasury’s figures showed. The total cross-border outflow in November, including short-term securities such as Treasury bills and stock swaps, was $16.6 billion, after a revised inflow of $188.1 billion in October, the data showed.
The Standard & Poor’s 500 Index (SPX) gained 2.8 percent in November. Investors in Treasuries lost 0.4 percent that month, according to Bloomberg World Bond (BUSY) Indexes. The Bloomberg U.S. Dollar Index, a gauge of the greenback’s value against 10 major currencies weighted by liquidity and trade flows, gained 0.9 percent in November.


 U.S. International Reserve Position

The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $144,245 million as of the end of that week, compared to $145,740 million as of the end of the prior week.

January 3, 2014
A. Official reserve assets (in US millions unless otherwise specified) 1
(1) Foreign currency reserves (in convertible foreign currencies)
(a) Securities
of which: issuer headquartered in reporting country but located abroad
(b) total currency and deposits with:
(i) other national central banks, BIS and IMF
ii) banks headquartered in the reporting country
of which: located abroad
(iii) banks headquartered outside the reporting country
of which: located in the reporting country
(2) IMF reserve position 2
(3) SDRs 2
(4) gold (including gold deposits and, if appropriate, gold swapped) 3
--volume in millions of fine troy ounces
(5) other reserve assets (specify)
--financial derivatives
--loans to nonbank nonresidents
--other (foreign currency assets invested through reverse repurchase agreements)
B. Other foreign currency assets (specify)
--securities not included in official reserve assets
--deposits not included in official reserve assets
--loans not included in official reserve assets
--financial derivatives not included in official reserve assets
--gold not included in official reserve assets


AUSTRALIA59485.0059883.0084610.001126.00AUD MILLION12/2013MONTHLY
AUSTRIA17414.0018002.0021780.008855.00EUR MILLION11/2013MONTHLY
BELGIUM19854.0020524.0024524.009876.00EUR MILLION11/2013MONTHLY
BRAZIL358808.00362410.00378725.701187.00USD MILLION12/2013MONTHLY
CANADA71937.0072038.0072038.001678.10USD MILLION12/2013MONTHLY
CHILE41088.4039902.8042302.201998.90USD MILLION12/2013MONTHLY
CHINA3820000.003662662.003820000.002262.00USD MILLION12/2013MONTHLY
COLOMBIA43630.5443418.1943630.54-134.90USD MILLION12/2013MONTHLY
CZECH REPUBLIC56141.2055532.8556141.20545.00USD MILLION12/2013MONTHLY
DENMARK489000.00490201.00515318.0013675.00DKK MILLION12/2013MONTHLY
EGYPT17032.0017765.7036038.0013424.10USD MILLION12/2013MONTHLY
EURO AREA329834.00332091.00337632.00178392.00USD MILLION11/2013MONTHLY
FINLAND8034.007851.009799.005350.00EUR MILLION11/2013MONTHLY
FRANCE119.47124.43186.625.29EUR BILLION12/2013MONTHLY
GERMANY143753.00148010.00203337.0071335.00EUR MILLION12/2013MONTHLY
GREECE4172.004319.008443.001710.00EUR MILLION12/2013MONTHLY
HONG KONG311200.00308600.00321000.0038357.00USD MILLION12/2013MONTHLY
INDIA16659.9016573.4016659.9023.86INR BILLION01/2014MONTHLY
INDONESIA99386.7196960.15124637.7527404.30USD MILLION12/2013MONTHLY
IRELAND1187.401224.508346.00502.30EUR MILLION12/2013MONTHLY
ISRAEL81770.0080589.0081770.007655.80USD MILLION12/2013MONTHLY
ITALY105516.00109862.00147910.0039776.80EUR MILLION12/2013MONTHLY
JAPAN1266815.001275352.001306668.00455.00USD MILLION12/2013MONTHLY
MALAYSIA140671.30140278.70155165.3020234.20USD MILLION11/2013MONTHLY
MEXICO2309662299.002309373975.002309662299.004200.00MXN THO12/2013MONTHLY
NETHERLANDS33610.0034465.0044319.0015694.00EUR MILLION12/2013MONTHLY
NIGERIA7069489900.007172709606.008045132422.002571524000.00THOUSAND NGN11/2013MONTHLY
NORWAY355197.00367728.00367728.0021053.00NOK MILLION12/2013MONTHLY
PHILIPPINES83749.3284024.7685760.8444.07USD MILLION12/2013MONTHLY
POLAND106219.50107048.00111988.303485.70USD MILLION12/2013MONTHLY
PORTUGAL13209.0014090.0019128.006765.00EUR MILLION11/2013MONTHLY
RUSSIA515590.00524284.00596566.004532.00USD MILLION11/2013MONTHLY
SAUDI ARABIA2709835.002692045.002709835.001569145.00SAR MILLION11/2013MONTHLY
SINGAPORE344729.20340879.00344729.204174.40SGD MILLION12/2013MONTHLY
SOUTH AFRICA495900.00503492.00503492.00153.00ZAR THOUSAND MILLION12/2013MONTHLY
SOUTH KOREA346459.60345011.70346459.60564.50USD MILLION12/2013MONTHLY
SPAIN33866.7334544.4164355.20323.95EUR MILLION12/2013MONTHLY
SWEDEN417209.00420451.00440904.0034098.00SEK MILLION12/2013MONTHLY
SWITZERLAND480355.30481497.40496142.2065200.50CHF MILLION11/2013MONTHLY
TAIWAN4168.114155.594168.110.71USD HML12/2013MONTHLY
THAILAND167232.53167456.53189883.65326.00USD MILLION12/2013MONTHLY
TURKEY149167.20146340.80149167.201240.00USD MILLION10/2013MONTHLY
UNITED KINGDOM106247.26106845.29106845.2935190.42USD MILLION12/2013MONTHLY
UNITED STATES145113.00147086.00153075.0012128.00USD MILLION11/2013MONTHLY
VENEZUELA21482.0021296.0042299.00514.50USD MILLION12/2013MONTHLY