By TheStreet Staff What Are Reserve Assets?Reserve assets are assets held by a government that can be converted into cash in a short time and be used for payments or to prop up its national currency. This type of asset can be held at a country’s central bank, its treasury or finance agency, or both. What Reserve Assets Does the U.S. Hold?The Federal Reserve keeps track of the reserve assets of the U.S., which come in the form of gold stock, special drawing rights, a reserve position in the International Monetary Fund, and foreign currencies. These reserves are typically held by the U.S. Treasu…