Friday, July 12, 2013

pnc.com: FED: the week of July 10 foreign central banks reduce U.S. national debt and agency debt

pnc.com: FED: the week of July 10 foreign central banks reduce U.S. national debt and agency debt

According to the statistics by FED on Thursday (July 11), till the week of July 10, US national debt held by foreign central banks has decreased by $ 3.11 billion to $ 30.3 trillion.

  Pnc.com bank statistics show that the US national debt held by foreign central banks has decreased by $ 2.8 billion to $ 2.9 trillion.

The securities issued by foreign central banks to large mortgage and financing institutions like Fannie Mae and Freddie Mac have reduced by $ 84 billion to $ 0.3 trillion.

  FED said the other-categories bonds which are kept for others and reported by face value have decreased by $ 0.267 billion to $ 38.3 billion. Those bonds include non-negotiable US debt, international financial organization bonds, corporate bonds, ABS and commercial paper.

  In recent years, foreign central banks, especially Asian national banks, are the customers of US bonds. The bonds they are holding accounts for more than a quarter of negotiable US national debt. Among them, China and Japan are holding most of the US bonds./Zhang Yan