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Foreign central banks' U.S. debt holdings fell -Fed
November 28, 2008 / 10:18 PM / 9 years ago

Foreign central banks' U.S. debt holdings fell -Fed

NEW YORK, Nov 28 (Reuters) - Foreign central bank holdings of U.S. debt fell last week, Federal Reserve data showed on Friday.

The Fed said its holdings of Treasury and agency debt kept for overseas central banks fell $7.48 billion in the week ended Nov 26, to stand at a total of $2.492 trillion.

The breakdown of custody holdings showed overseas central banks increased their Treasury debt holdings by $5.81 billion to stand at a total $1.620 trillion.

The foreign institutions reduced their holdings of securities from government-sponsored agencies like Fannie Mae FNM.N and Freddie Mac FRE.N, by $13.29 billion to their holdings, to stand at a total $871.76 billion.

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.

The full Fed report can be found on:

here

Reporting by Ellen Freilich;

Our Standards:The Thomson Reuters Trust Principles.
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