Freddie Mac-No Politics (FMCC)

[El Mago]

MOSCOW, Sept 16 (Reuters) - Russia currently holds less than $30 billion in the debt of U.S. mortgage agencies Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), news agencies quoted the head of the State Audit Chamber Sergei Stepashin as saying on Tuesday. At the start of the year Russia held $100 billion -- or over one sixth of its gold and forex reserves -- in Fannie Mae, Freddie Mac and Federal Home Loan Banks but, it has since chosen to cut its holdings through not replacing maturing securities. (Reporting by Gleb Bryanski, editing by Toni Vorobyova)