=================================================== ============================ Feb. 9 Feb. 2 Jan. 26 Jan. 19 Jan. 12 2005 2005 2005 2005 2005 =================================================== ============================ ---------------Change from Week Ended--------------- Fed foreign holdings -$6,259 -$875 $3,792 -$7,478 $6,846 US govt. securities -$8,132 -$8,248 $1,210 -$2,722 $4,415 Federal agency sec. $1,872 $7,373 $2,582 -$4,756 $2,431 *** Custody Holdings of Treasuries fell again, only partially offset by a gain in Agencies. This raises our interest in seeing what Custody holdings look line next week, to gauge foreign interest in the refunding. This is the biggest 2 week drop since last March