Exchange Stabilization Fund

E159783

The Exchange Stabilization Fund is a U.S. Treasury account used to conduct foreign exchange and financial market interventions aimed at stabilizing the value of the dollar and supporting international monetary policy.

All labels observed (1)

Label Occurrences
Exchange Stabilization Fund canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf U.S. government fund
foreign exchange reserve fund
administeredBy United States Department of the Treasury
alsoKnownAs ESF
assetType U.S. Treasury securities
U.S. dollars
foreign currencies
special drawing rights
canBeUsedFor currency swaps
foreign exchange market intervention
guarantees and insurance related to exchange rate stability
loans to foreign central banks
loans to foreign governments
support of International Monetary Fund programs in some cases
temporary stabilization loans
canEnterInto swap arrangements with foreign monetary authorities
canProvide short-term credit to foreign governments
characteristic not subject to annual congressional appropriations
off-budget account
controlledBy Office of International Affairs of the Treasury Department
surface form: U.S. Treasury Office of International Affairs
country United States of America
surface form: United States
currency US dollar
surface form: U.S. dollar
decisionMaker Secretary of the Treasury with approval of the President in some actions
establishedInYear 1934
fundingSource earnings on its own investments
profits from the revaluation of U.S. gold holdings in 1934
governedBy Title 31 of the United States Code
surface form: United States Code Title 31 Section 5302
headquartersLocation Washington, D.C.
historicalPurpose manage the devaluation of the U.S. dollar against gold in 1934
jurisdiction United States government
surface form: federal government of the United States
legalAuthority Gold Reserve Act
surface form: Gold Reserve Act of 1934
managedBy Secretary of the Treasury
mayNotBeUsedFor financing the U.S. government budget deficit
oversightMechanism periodic reporting to Congress
policyObjective maintain confidence in the U.S. dollar
mitigate disorderly market conditions in foreign exchange markets
purpose provide financing to address disorderly conditions in foreign exchange markets
stabilize the value of the U.S. dollar in foreign exchange markets
support U.S. exchange rate policy
support international monetary and financial stability
relatedTo Federal Reserve System
International Monetary Fund
U.S. balance of payments policy
reportsTo Secretary of the Treasury
subjectTo oversight by the U.S. Congress
typeOfAccount Treasury account
usedDuring various international financial crises

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Gold Reserve Act created Exchange Stabilization Fund