Foreign central banks' US debt holdings rise - Fed

NEW YORK | Thu Nov 18, 2010 4:30pm EST

NEW YORK Nov 18 (Reuters) - Foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve rose in the latest week, data from the U.S. central bank showed on Thursday.

The Fed said its holdings of U.S. Treasury securities kept for overseas central banks rose by $10.4 billion in the week ended Nov. 17 to stand at $3.344 trillion.

The breakdown of custody holdings showed overseas central banks' holdings of Treasury debt rise by $9.71 billion to stand at $2.614 trillion.

Foreign institutions' holdings of securities issued or guaranteed by the biggest U.S. mortgage financing agencies, including Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), rose by $690 million to stand at $730.11 billion.

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For balance sheet graphic: link.reuters.com/buf92k

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Overseas central banks, particularly those in Asia, have been huge buyers of U.S. debt in recent years, and own over a quarter of marketable Treasuries. China and Japan are the two biggest foreign holders of Treasuries.

The full Fed report can be found on: here (Editing by James Dalgleish)

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