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Now we are drawing that reserve down.
The NRC study urged BLM to sell the helium at fair market value and not to draw the reserve down at a fixed volume per year.
There dwells Ann Atkin, who owns well over 1,000 garden gnomes and exhibits them in her Gnome Reserve down the lane.
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India is virtually bust, having drawn its reserves down below the $1.8 billion lent by the IMF in January.
Foreign-exchange reserves, down to $3.9 billion in May 1999, now stand at over $10 billion—about a year's worth of imports.
Foreign reserves, down to barely $8 billion during the financial panic in August, are now up to $13 billion.
Power plants that normally stock 18-20 days' worth of coal had in some cases run their reserves down to as little as three days' worth.
"This is a massive catch-up," said Ms. Whitney, the banking analyst, adding that Citigroup had "been bleeding reserves down to generate positive earnings power.
The National Association of State Budget Officers expects the current year's spending spree to whittle those reserves down from 6.9% of annual expenditures to 4.6%—less than half the level before the recession.The states may need those reserves badly.
Pemex, the grossly overstaffed, inefficient and overtaxed state oil and gas giant, has overseen a decline in oil production (down by 20% in a decade) and proven reserves (down by a third) and a rise in energy imports.
The central bank's reserves, down to about $13 billion, are dwindling by $1 billion or $2 billion a week.The public finances, meant to be rescued by the devaluation and partial default of August 17th, still look dreadful.
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