ESF
E626768
ESF is a U.S. Treasury fund used to stabilize the value of the dollar and conduct foreign exchange and financial interventions in international markets.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Exchange Stabilization Fund | 0 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Treasury fund
ⓘ
foreign exchange reserve fund ⓘ |
| abbreviation | ESF NERFINISHED ⓘ |
| administeredBy | United States Department of the Treasury NERFINISHED ⓘ |
| authorizedActivities |
credit arrangements with foreign monetary authorities
ⓘ
foreign exchange interventions ⓘ guarantees to foreign governments ⓘ holdings of Special Drawing Rights ⓘ holdings of U.S. government securities ⓘ holdings of foreign currencies ⓘ loans to foreign governments ⓘ |
| canCoordinateWith |
Federal Reserve System
NERFINISHED
ⓘ
International Monetary Fund NERFINISHED ⓘ |
| canOperateOffBudget | true ⓘ |
| canProvide |
guarantees on sovereign obligations
ⓘ
loans denominated in foreign currency ⓘ short-term balance-of-payments support ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdBy | United States Congress ⓘ |
| currencyFocus | U.S. dollar ⓘ |
| established | 1934 ⓘ |
| fundingSource |
U.S. Treasury appropriations in limited circumstances
ⓘ
earnings on its assets ⓘ |
| governedBy | Treasury regulations ⓘ |
| headquartersLocation | Washington, D.C. ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| legalBasis | Gold Reserve Act of 1934 NERFINISHED ⓘ |
| managedBy | U.S. Treasury NERFINISHED ⓘ |
| originalFundingAmountUSD | 2000000000 ⓘ |
| originalFundingSource | revaluation of U.S. gold holdings ⓘ |
| overseenBy | Secretary of the Treasury NERFINISHED ⓘ |
| purpose |
conduct foreign exchange operations
ⓘ
counter disorderly conditions in foreign exchange markets ⓘ provide financial assistance in international crises ⓘ stabilize the value of the U.S. dollar ⓘ support orderly exchange arrangements ⓘ |
| relatedTo |
U.S. foreign exchange reserves
ⓘ
U.S. international financial policy ⓘ |
| reportsTo | U.S. Congress NERFINISHED ⓘ |
| riskManagedBy | Office of International Affairs of the U.S. Treasury NERFINISHED ⓘ |
| subjectTo | congressional notification requirements ⓘ |
| typeOfIntervention |
financial market intervention
ⓘ
foreign exchange intervention ⓘ |
| usedFor |
backstopping international financial facilities
ⓘ
emergency lending to foreign governments ⓘ international financial stabilization operations ⓘ support of the dollar in foreign exchange markets ⓘ swap lines and credit arrangements ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.