Foreign c.banks US Treasury holdings up in week-Fed
NEW YORK, June 25
NEW YORK, June 25 (Reuters) - Foreign central banks' holdings of U.S. debt at the Federal Reserve rose overall in the latest week although agency holdings fell, data from the U.S. central bank showed on Thursday.
The combined holdings of Treasuries and agency securities by foreign central banks at the Fed rose $1.404 billion to total $2.754 trillion in the week ended June 24.
Treasuries held by overseas central banks at the Fed climbed $1.89 billion to $1.948 trillion.
However, holdings of securities issued or guaranteed by the two biggest U.S. mortgage financing sources, Fannie Mae FNM.P and Freddie Mac FRE.P, fell $486 million to $806.35 billion in the latest week.
Overseas central banks, particularly in Asia, have been huge buyers of U.S. debt in recent years and own more than a quarter of marketable Treasuries. China recently overtook Japan as the biggest such buyer.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.