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 U.S. Treasury Office of International Affairs ⓘ
country United States ⓘ
currency U.S. dollar ⓘ
linked to: US 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 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 federal government of the United States ⓘ
legalAuthority Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
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 ⓘ