@RashadA334 I used the BoP data for q3 not the flow of funds -- it has a similar number for bills and $8b in official purchases of LT treasuries (and slightly more Agencies -- almost certainly China). My "official" number also includes bank flows. See the chart below
@RashadA334 Official obviously includes SWFs, but I kept the 75% of reserves bond market adjusted assumption in part b/c it generates a better fit with the US BoP (and flow of funds) data than say a 50% of reserves are marked to the bond market adjustment (same chart but with 50%)
@RashadA334 Flow of funds and the BoP are both valuation adjusted, so basically should line up (but as the stock gets big v the flow, it gets a bit harder ... ) differences over time were small last time i checked
@RashadA334 and the dollar reserve stock numbers are from the imf's COFER data set, so compiled from the reporting of the reserves of its members (independent of the US custodial data underlying both the US bop and flow of funds)
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