International Monetary Fund
Germany: Reserve Tranche Position
from January 01, 1997 to December 31, 1997

In exchange for the reserve asset portion of its quota payment, an IMF member acquires a liquid claim on the IMF much like a demand deposit in a commercial bank. This claim is called the member's Reserve Tranche Position, and it is equal to the member's quota minus the IMF's holdings of the member's currency (excluding currency holdings that stem from the member's own use of credit). The reserve tranche position is part of the member country's external reserves.


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(in SDRs)
Date SDR Amount
 December 31, 1997         4,406,899,338
 November 30, 1997         3,883,476,207
 October 31, 1997         3,668,455,240
 September 30, 1997         3,668,415,322
 August 31, 1997         3,668,415,322
 July 31, 1997         3,618,908,203
 June 30, 1997         3,581,574,870
 May 31, 1997         3,607,221,120
 April 30, 1997         3,607,157,529
 March 31, 1997         3,624,535,978
 February 28, 1997         3,680,104,728
 January 31, 1997         3,699,204,728

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Germany: Financial Position in the Fund