You Are Provided with the Following Information About a Country's

You are provided with the following information about a country's international transactions during a given year (in millions): $\begin{array}{ll}\text { Serv ice exports } & \$ 346 \\\text { Service imports } & \$ 354 \\\text { Merchandise exports } & \$ 480 \\\text { Merchandise imports } & \$ 348 \\\text { Income flows, net } & \$ 153 \\\text { Gifts to foreigners } & \$ 142 \\\text { Increase in the country's holding of foreign assets, net } & \$ 352\\\text { (excluding official reserves assets) }\\\text { Increase in foreign holdings of the country's assets, net }&\$252\\\text { (excluding official reserves assets) }\\\text { Statistical discrepancy, net credit }&\$154\end{array}$ Calculate the official settlements balance and the current account balance.
Is the country increasing or decreasing its net holdings of official reserve assets? Why?