Foreign central banks' US debt holdings rise - Fed

NEW YORK, April 28 | Thu Apr 28, 2011 4:30pm EDT

NEW YORK, April 28 (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. securities kept for overseas central banks rose $23.96 billion in the week ended April 27, to stand at $3.447 trillion.

The breakdown of custody holdings showed overseas central banks' holdings of Treasury debt rose by $23 billion to stand at $2.686 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 $962 million to stand at $761.3 billion.

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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 biggest two foreign holders of Treasuries.

The full Fed report can be found on: here (Reporting by Wanfeng Zhou; Editing by Chizu Nomiyama)

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