Central Bank won
MOSCOW. Nov 9 (Interfax) - The Central Bank of Russia does not plan to return to Fannie Mae mortgage obligations, Central Bank First Deputy Chairman Alexei Ulyukayev told journalists on Monday.
"We aren't planning to," he said when asked if the Central Bank would return to investment in Fannie Mae obligations.
Central Bank chief Sergei Ignatyev said at the end of January that the bank had fully sold off its remaining holdings in Fannie Mae and Freddie Mac obligations, posting a profit on the transaction.
The Central Bank held U.S. mortgage agency obligations totaling 96.141 billion rubles as of the end of 2008, just a fraction of the 2.475 trillion rubles held as of the end of 2007, according to Central Bank accounts.
Those holdings amounted to just 0.89% of total "securities issued by foreign organizations" at the end of 2008, down from 37.03% the year before.