Foreign central banks' U.S. debt holdings rise: Fed

NEW YORK Fri Jul 5, 2013 4:31pm EDT

NEW YORK (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 Friday.

The Fed said its holdings of U.S. securities kept for overseas central banks rose $7 billion in the week ended July 3, to stand at $3.282 trillion.

The breakdown of custody holdings showed overseas central banks' holdings of Treasury debt rose by $9 billion to stand at $2.943 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), fell by $1.7 billion to stand at $300.67 billion.

The Fed said its holdings of so-called "other" securities held in custody and reported at face value rose by $142 million to stand at $38.591 billion. These securities include non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities and commercial paper.

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

The full Fed report can be found on: here

(Reporting by Luciana Lopez; Editing by Chizu Nomiyama)

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