ࡱ> W  bjbjll eeHX X DaD3QQggg;3=3=3=3=3=3=3$n6$9a3( ( ( a3gg4v3"""( Rgg;3"( ;3""s%%gyGz R%'3303%,9 9%%89%0 0"" a3a3!3( ( ( ( 9X c: INTRODUCTION: Exchange Stabilization Fund To stabilize the exchange value of the dollar, the Exchange Stabilization Fund (ESF) was established pursuant to chapter 6, section 10 of the Gold Reserve Act of January 30, 1934 codified at 31 United States Code 5302, which authorized establishment of a Treasury fund to be operated under the exclusive control of the Secretary, with approval of the President. Subsequent amendment of the Gold Reserve Act modified the original purpose somewhat to reflect termination of the fixed exchange rate system. Resources of the fund include dollar balances, partially invested in U.S. Government securities, special drawing rights -SDRs, and balances of foreign currencies. Principal sources of income -+ or loss -- for the fund are profits -+ or losses -- on SDRs and foreign exchange, as well as interest earned on assets. Table ESF-1 presents the assets, liabilities, and capital of the fund. The figures are in U.S. dollars or their equivalents based on current exchange rates computed according to the accrual method of accounting. The capital account represents the original capital appropriated to the fund by Congress of $2 billion, minus a subsequent transfer of $1.8 billion to pay for the initial U.S. quota subscription to the International Monetary Fund. Gains and losses are reflected in the cumulative net income -+ or loss -- account. Table ESF-2 shows the results of operations by quarter. Figures are in U.S. dollars or their equivalents computed according to the accrual method. Profit -+ or loss -- on foreign exchange includes realized profits or losses. Adjustment for change in valuation of SDR holdings and allocations reflects net gain or loss on revaluation of SDR holdings and allocations for the quarter. TABLE ESF-1Balances as of Mar. 31, 2019, and June 30, 2019 [In thousands of dollars. Source: Office of the Assistant Secretary of the Treasury for Management]Assets, liabilities, and capitalMar. 31, 2019Apr. 1, 2019, through June 30, 2019June 30, 2019AssetsU.S. dollars:Held with Treasury:Fund Balance  -  -  - U.S. Government securities  22,479,611  78,653  22,558,264 Special drawing rights 1  50,766,297  131,822 50,898,119 Foreign exchange and securities: European euro  12,223,282  215,405 12,438,687 Japanese yen  8,448,101  222,423 8,670,524 Accounts receivable  168,409  -14,721  153,688 Total assets  94,085,700  633,582 94,719,282 Liabilities and capitalCurrent liabilities:Accounts payable  90,371  137  90,508 Total current liabilities  90,371  137  90,508 Other liabilities:SDR certificates  5,200,000  -  5,200,000 SDR allocations  49,026,994  69,219 49,096,213 Total other liabilities  54,226,994  69,219 54,296,213 Capital:Capital account  200,000  -  200,000 Net income -+ or loss -- -see Table ESF-2  129,533  564,227 693,760 Total capital  39,768,335  564,226 40,332,561 Total liabilities and capital  94,085,700  633,582 94,719,282 See footnote on the following page. TABLE ESF-2Income and Expense [In thousands of dollars. Source: Office of the Assistant Secretary of the Treasury for Management]Current quarter Apr. 1, 2019, through June 30, 2019Fiscal year to date Oct. 1, 2018 through June 30, 2019Income and expense Profit -+ or loss-- on:Foreign exchange  430,257 308,935Adjustment for change in valuation of SDR holdings and allocations 1  2,658 -5,895Net income (+) or loss (-):SDRs  4,513  13,739 U.S. Government securities  134,261  398,592 Foreign exchange  -7,462 -21,611Income from operations  564,227 693,760 Net income (+) or loss (-)  564,227  693,760 1 Beginning July 1974, the International Monetary Fund adopted a technique for valuing the SDRs based on a weighted average of exchange rates for the currencies of selected member countries. The U.S. SDR holdings and allocations are valued on this basis beginning July 1974.NoteAnnual balance sheets for fiscal years 1934 through 1940 appeared in the 1940 Annual Report of the Secretary of the Treasury and those for succeeding years appeared in subsequent reports through 1980. Quarterly balance sheets beginning with December 31, 1938, have been published in the Treasury Bulletin. Data from inception to September 30, 1978, may be found on the statements published in the January 1979 Treasury Bulletin.     58 59 September 2019 September 2019  PAGE \* MERGEFORMAT 63 September 2018 EXCHANGE STABILIZATION FUND 59 ()yz}~    \ b g S T ^ _ j p u  !"»hj0hFh) h=h h=h) h=hFhl h=hTug h=hWDh3 h=h6Z hiGh6Z h6Z5\ h#v@h6Z5@\ h6Z@h#v h6Z6]hh)h6ZhN4* " \ j + $Ifgd $$Ifa$gd6Z5kd$$Ifh'`'`'4 a $Ifgd6Z $Ifgd6Z & Fgd6Zgddxggd6Z$a$gdLgd6Z"#$)*+,1OPij¼¶월월쐌hMJhAh||h^ hph6Zhph6ZaJ hl@ hj2@ h6Z@ h7 a@ h+V@ h3@ha~h=IhBRhIhO~hG#h^hWDhh6ZhlhFh3hL4h_VVVM $Ifgd $Ifgd $IfgdXkdK$$If\p h' T`'22224 a $If^gd $Ifgd"qh____ $Ifgd $Ifgd kd$$If4Fr \&h' $ pP`'2 4 af4yt FcZQQQQ $Ifgd $Ifgd kd$$If4Pr \&h' $ pP`'22 224 af4yt F,-./0eXOOOB @$If]@gd $Ifgd F $If^gdkdY$$If4r \&h' $ pP`'22 224 af4yt F01?RlcQHHH? $IfgdA $IfgdMJ    $If^ gdAkd $$If4r \&h' $ pP`'22 224 af4yt Fj|} #*BI]dfgh3:OVXY <CEFGHKeh hMJhAhM-Ch6aJh6hjhAPJ hMJH* hMJPJhW(h<8h^/ hAPJhMJhAIO=444 $IfgdMJ    $If^ gdMJkd$$If4r \&h' $ pP`'222 22222 24 af4ytTI,JfF8   $IfgdMJkd$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdMJfghF8// $IfgdA   $IfgdAkd$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdMJF4   $If^gdAkd{$$If4r \&h' $ pP`'222 22222 24 af4yt $IfgdA=kda$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdA $IfgdMJ;XY $IfgdMJ $IfgdA   $If^gdAYZoOA888 $IfgdA   $IfgdAkdG$$If4r \&h' $ pP`'222 22222 24 af4yttGF4+ $IfgdA   $If^gdAkd- $$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdA!EFG4kd $$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdA $IfgdA $IfgdMJGHIJKL $Ifgd)1 $IfgdE $Ifgd LMefghOF=== $IfgdE $Ifgd kd $$If4r \&h' $ pP`'222 22222 24 af4ytEhijF=44 $IfgdE $Ifgd kd $$If4r \&h' $ pP`'222 22222 24 af4ytE $Ifgd)1=+   $If^gdAkd $$If4r \&h' $ pP`'222 22222 24 af4ytE $Ifgd)1 $IfgdE=kd $$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdA $IfgdMJ:@be%&SZrx#%&'035;BDEpw <CEFGKӷ䷭䷭䷭hajD hMJPJhMJhk^UhAPJ hAPJhM-Ch6aJh6hAhAPJh<8h^/hAhihAPJ hMJhAh$zABg $IfgdA $IfgdA    $If^ gdAOA888 $IfgdE   $Ifgd kd$$If4r \&h' $ pP`'222 22222 24 af4yttGF4+ $IfgdA   $If^gdAkde$$If4r \&h' $ pP`'222 22222 24 af4ytE $Ifgd)1%&'8F4   $If^gdAkdE$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdA8\y4kd+$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdA $IfgdMJ $IfgdA%& $IfgdA $IfgdMJ $IfgdA    $If^ gdA&'0123OA888 $IfgdE   $Ifgd kd$$If4r \&h' $ pP`'222 22222 24 af4yttG345FkF4+ $IfgdMJ   $If^gdMJkd$$If4r \&h' $ pP`'222 22222 24 af4ytE $Ifgd kF4   $If^gdMJkd$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdMJDEF=kd$$If4r \&h' $ pP`'222 22222 24 af4yttG $IfgdMJ $IfgdMJFUy $IfgdMJ $IfgdMJ    $If^ gdMJ!EO=444 $IfgdMJ   $If^gdMJkd$$If4r \&h' $ pP`'222 22222 24 af4yttGEFGHIJKOC::: $Ifgd $$Ifa$gd kd$$If4r \&h' $ pP`'22222224 af4yttG $IfgdMJKLMNOPQRj^UUUU $IfgdX $$Ifa$gd6Zkd]$$If4r \&h' $ pP`'2 4 af4yt F $IfgdMJKMxy%)+,12ARSZ\`abchikp`abc hI#hDh KhSH* hI#hSh>ilhS h h6Zh mhOah@hlhLh.Ih?hIU6hlh hhh3h h.#Ah6Zh(h6 hMJh67RSwxywn2-gd6Z<kd$$Iflh'`'`'24 a $IfgdD.kd$$If4r \&h' $ pP`'4 af4yt Fy3\j $Ifgd.I $Ifgdh  & F$Ifgd6Z5kd$$Ifh'`'`'4 a $Ifgd6Z $Ifgd6Zjklmno||| $Ifgdp $IfgdppkdC$$IfFh'`'    22224 aytG!opwww $Ifgdp $Ifgdpvkd$$If\ !h'  `'24 aytG!ttdhd`$If^hgd- d`$Ifgd- $IfgdI#vkdr$$If\ !h'  `'24 aytG!ulll $IfgdS $If^gdS|kd$$If\ !h'  `'224 aytG!clcZZZ $IfgdS $IfgdSkd$$If\ !h'  `'22222224 aytElcZZQ $Ifgdr $IfgdE $IfgdI#kd]$$Ifl\ !h'  `'22222224 aytETZ"V\3:fmopqwz{|E F G H I L M P Q T U X Z [ ] _ ` b ȽȸȴȰȬ hkY0J h9d0JhkYh~h_th2Yjh2YUh]hLhe h6ZH*h(h6ZCJaJh6Z h"]hxShxSh>ilhS h6Z\ h6Z5\ hEh6Z hI#h6Z hI#h65\]l_VVV $IfgdS $If^gdSkd!$$If\ !h'  `'22222224 aytG!]^zl_VVV $IfgdS $If^gdSkd$$If\ !h'  `'22222224 aytG!#]^l_VVV $IfgdS $If^gdSkd$$If\ !h'  `'22222224 aytG!^_wl_VVV $IfgdS $If^gdSkdm$$If\ !h'  `'22222224 aytE<opl_VVM $IfgdxS $IfgdS  $If^ gdxSkd1 $$If\ !h'  `'22222224 aytG!pqrstulcZZZ $Ifgd3 $Ifgd6Zkd $$If~\ !h'  `'22222224 aytEuvwxyz~rrr $$Ifa$gd3 $Ifgd6Zxkd!$$IfP\ !h'  `'24 aytEz{F {o d`$Ifgdd d`$IfgdM"xkdU"$$If\ !h'  `'24 aytG!F G H J K L N O P R S T V W X [ \ ] gddxg $`a$gd2Skd"$$IfE0h'L`'2H2 s4 a] ` a b q r gdL $`a$gd9d$a$gd9d$hh]h`ha$gdF.gddxg$hh]h`ha$gdGgde^b$h]h`a$gd~gdG $hh]h`ha$&`#$b k l o p q r { |  ݸ|x|oaxYxL<hwkhkY6CJOJQJ^Jh9d6CJOJQJ^Jh&khkY;jh9dUmHnHuhkmHnHuh9djh9dU#hGhkY6CJOJQJ^JaJhh6CJOJQJ^JaJh36CJOJQJ^JaJhkY'hF.hkY0J6CJOJQJ^JaJ!hO0J6CJOJQJ^JaJ!hh0J6CJOJQJ^JaJ!h30J6CJOJQJ^JaJ h]h2Yhk h_t0J hkY0J hLhkYhkY $`a$gd2gddxg $ %a$gdLaG0P:&P1h/R :p_t/ =!8"8#$% Dp:D 0 0&P1h/R :pS, / =!8"8#$%  P @ 0 0&P1h/R :pi/ =!8"8#$% G0P?&P1h/R :pk/ =!8"8#$% Dp?I$$If!vh#v`':V `'5`'44 a$$If!vh#v#v #vT#v:V `',55 5T5/ 222244 a$$If!vh#v #v$ #vp#vP#v:V 4F`'5 5$ 5p5P5/ 2 44 af4yt F$$If!vh#v #v$ #vp#vP#v:V 4P`'5 5$ 5p5P522 2244 af4yt F$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P522 2244 af4yt F$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P522 2244 af4yt F$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4ytTI$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yt$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5222 22222 244 af4ytE$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5222 22222 244 af4ytE$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5222 22222 244 af4ytE$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5222 22222 244 af4ytE$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5222 22222 244 af4ytE$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222 22222 244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`',5 5$ 5p5P5222222244 af4yttG$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5/ 2 44 af4yt F$$If!vh#v #v$ #vp#vP#v:V 4`'5 5$ 5p5P5/ 44 af4yt FV$$If!vh#v`':V l`'5`'244 aI$$If!vh#v`':V `'5`'44 a$$If!vh#v#v#v:V `'555/ 222244 aytG!$$If!vh#v #v#v #v:V `',,5 55 5244 aytG!$$If!vh#v #v#v #v:V `',,5 55 5244 aytG!$$If!vh#v #v#v #v:V `',5 55 52244 aytG!$$If!vh#v #v#v #v:V `',5 55 5222222244 aytE$$If!vh#v #v#v #v:V l`',5 55 5222222244 aytE$$If!vh#v #v#v #v:V `',5 55 5222222244 aytG!$$If!vh#v #v#v #v:V `',5 55 5222222244 aytG!$$If!vh#v #v#v #v:V `',5 55 5222222244 aytG!$$If!vh#v #v#v #v:V `',5 55 5222222244 aytE$$If!vh#v #v#v #v:V `',5 55 5222222244 aytG!$$If!vh#v #v#v #v:V ~`',5 55 5222222244 aytE$$If!vh#v #v#v #v:V P`',5 55 5/ 244 aytE$$If!vh#v #v#v #v:V `',5 55 5/ 244 aytG!m$$If!vh#v#vL:V E`'55L2H2 s44 aw002 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@6666_HmH nH sH tH F`F dxgNormal$ ` a$_HmH sH tH n`n 6ZHeading 1,Intro$xx@&a$"5CJOJQJ\_HmH sH tH ``` 6ZHeading 3,Table$x@&a$5CJ_HmH sH tH DA`D Default Paragraph FontRi@R  Table Normal4 l4a (k (No List VoV 6ZBullet$ & F ^` a$_HmH sH tH HoH 6ZFootnoteCJ OJQJ_HmH sH tH P`P 6Z0Header  !5OJQJ_HmH sH tH do"d 6ZMillions$x&dPa$CJ OJQJ_HmH sH tH Jo2J 6ZTT LB1$5CJOJQJ_HmH sH tH VoBV 6ZTT LDR   CJOJQJ_HmH sH tH DoRD 6ZTTC$a$CJOJQJ_HmH sH tH DobD 6ZTTR$a$CJOJQJ_HmH sH tH VorV 6ZTTU$&dPa$CJOJQJ_HmH sH tH XoX 6ZTTUD$&dPa$CJOJQJ_HmH sH tH .)@. 6Z Page Number4 @4 S, 0Footer  !HH  Balloon TextCJOJQJ^JaJ:/: 3{0 Header Char 5OJQJ./. 9d0 Footer CharPK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭VGRU1a$N% ʣꂣKЛjVkUDRKQj/dR*SxMPsʧJ5$4vq^WCʽ D{>̳`3REB=꽻Ut Qy@֐\.X7<:+& 0h @>nƭBVqu ѡ{5kP?O&Cנ Aw0kPo۵(h[5($=CVs]mY2zw`nKDC]j%KXK 'P@$I=Y%C%gx'$!V(ekڤք'Qt!x7xbJ7 o߼W_y|nʒ;Fido/_1z/L?>o_;9:33`=—S,FĔ觑@)R8elmEv|!ո/,Ә%qh|'1:`ij.̳u'k CZ^WcK0'E8S߱sˮdΙ`K}A"NșM1I/AeހQתGF@A~eh-QR9C 5 ~d"9 0exp<^!͸~J7䒜t L䈝c\)Ic8E&]Sf~@Aw?'r3Ȱ&2@7k}̬naWJ}N1XGVh`L%Z`=`VKb*X=z%"sI<&n| .qc:?7/N<Z*`]u-]e|aѸ¾|mH{m3CԚ .ÕnAr)[;-ݑ$$`:Ʊ>NVl%kv:Ns _OuCX=mO4m's߸d|0n;pt2e}:zOrgI( 'B='8\L`"Ǚ 4F+8JI$rՑVLvVxNN";fVYx-,JfV<+k>hP!aLfh:HHX WQXt,:JU{,Z BpB)sֻڙӇiE4(=U\.O. +x"aMB[F7x"ytѫиK-zz>F>75eo5C9Z%c7ܼ%6M2ˊ 9B" N "1(IzZ~>Yr]H+9pd\4n(Kg\V$=]B,lוDA=eX)Ly5ot e㈮bW3gp : j$/g*QjZTa!e9#i5*j5ö fE`514g{7vnO(^ ,j~V9;kvv"adV݊oTAn7jah+y^@ARhW.GMuO "/e5[s󿬅`Z'WfPt~f}kA'0z|>ܙ|Uw{@՘tAm'`4T֠2j ۣhvWwA9 ZNU+Awvhv36V`^PK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 0_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!g theme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] *yIќ *:Yjjjjjjjl"jKb (7@KL0fYGLh8&3kFEKRyjo]^puzF ]  !"#$%&')*+,-./012345689:;<=>?ABCDEFGHIJM:RU!@ @H 0(  0(  B S  ?WWWB*urn:schemas-microsoft-com:office:smarttagscountry-region>*urn:schemas-microsoft-com:office:smarttags PostalCode9*urn:schemas-microsoft-com:office:smarttagsState 12193831DayMonthYear9CHKLOPSTWX!DHKLOPSTWX? C #;B<CHHJJLLNOPRSTVWX[]_aab? C #;B<CHHKLLOPSTWX[]_aabprB ] ^`CJOJQJo(  ^`OJQJo(o    ^ `OJ QJ o(  ` ` ^` `OJQJo(  00^0`OJQJo(o  ^`OJ QJ o(  ^`OJQJo(  ^`OJQJo(o  pp^p`OJ QJ o(B a         w a=fHFEQ$HRrv BHLw~6L8@DzSvd7TWgmy;WD/5JKiFTpz2!ks" % S, 4 F [ jl =~ Pm f 40 !< U c^ |h k HG  F ] z"L!;>yP,hLSsm3 4&V^fV<q`h6ZllEAmZ9aCSdFI)P^= @dRP)u6FqT b.;z dS'WF 2) !'!|!."1"M" #7$,%]%5&K&''0'n'(?( $(W(2~()8)P)X)@,* @*o++vA+F+*x+I-}U-F.,.D. K.Z.Z/s/0 B011 T12(2wC2KG2|O2a2j2@t2b3_f3c4@4uH5H5_5IU67!7 .7XJ7Z 8/8<81B8j8v83{8:9^: </<?<H<=3=R=m=n== >- >E>)>7>)?O?Xw?G@`@n@A[A.#A\pA?6B'_B_BsfBl,CM-CeCyC?DajD}DG~D:#E#E$E?EYE~E FFGG(GiGtG!Hb:HFH=ITIiIsI0JqFJ%MKLLOL\LM M/MSMUMyM?NrNO'O,UOP>P=bPtoP QrQRBR[R#7S CSxST8T,BTQU;!Uh,UD6U;!V+VPBW@UWEXXX7YXYXt{XY YCYkYtY$Z{RZcZuZ[![sL[Qc[St['\.\]"]sp]:^^^+V_B`l`y`Oa7 ama|abtb89bEbe^babcc[cccdd9d(FdeIeoeAfGMf~fg8,g-gTugAxgdxg8hgh!i*i@iUjkl>ilmZm|m~mnvozoe@pCp ^p+r5rurA|r4.tYt/u9uv#vc(vijvn|vw wc+wQw19ym\ytytyNzmDz?Zzrz3{>{K{b{}{||+|||&|R1|8|;|J }[}pz}~ %~A~}C~O~a~c~[fn7{7IKn RUP >prNKr}<}*RoZw)1>z `18t^<`df?vjW;\` RI ]yJH:i4|3\iWy?TLapJ|K&-dt,w;_)/-Wwe_t? (V(<_}~*XI.F@` @AAGl5d2G^ b8:LMPZls 7 LqL]9`ajw9Cqa{I#Ez*$Ejl$S",c;hw8^*Ny%4= +O 'Fn^B4%#$|SF)P&a&k NTz$s G#^/O6A6HHLaY>3 8lf!b#2P<o;yi;Kn'r@{,j0R7==wVq /u+-y3A;rP E(xi e/<|A%Bjw' uR1%,& S@yMj?H?w-!:_-TPS0Rm1} 3jkl"0Y[G! Jt)7.o0BIMJ}"MT!FeGzirC ::@*Wzk'bIDL ,%(+X`e6q3YUg]{vW+OY\imX'B7m6pAuT)f'efp>~>jkRde 9@ m.Iop|>2@Udb$6d I9IPpOMSyaOK$(5jdAJ4 K5-2Ygdg7'NSa&5 J%F@j| Q!a$3E: OWGp'' 3X$z `M L!Kwk} -A8EY(;=HJ@ CCCC@Unknown G.[x Times New Roman5Symbol3. .[x ArialI Arial Unicode MSA. Arial Narrow5. .[`)TahomaC.,*{$ Calibri Light7.*{$ Calibri?= .Cx Courier New;WingdingsA$BCambria Math#hvGwG k  , ,!8r4<<3QHP ?|2! xx-/ )INTRODUCTION: Exchange Stabilization FundLaDonna CooleyJennifer D. Swisher Oh+'0 ,8 X d p |,INTRODUCTION: Exchange Stabilization FundLaDonna Cooley Normal.dotmJennifer D. Swisher12Microsoft Office Word@@.r@%@ZG ՜.+,0( hp  Dept. of the Treasury, FMS, < *INTRODUCTION: Exchange Stabilization Fund Title  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNPQRSTUVWXYZ[\]^_`bcdefghijklmnopqrstuvwxyz{|}Root Entry FG@Data O`#1Tablea9WordDocument SummaryInformation(~DocumentSummaryInformation8MsoDataStoreyGyGLLDFUCQFJGUNCVQ==2yGyGItem  PropertiesUCompObj r   F Microsoft Word 97-2003 Document MSWordDocWord.Document.89q