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Table 51 provides further detail regarding both issued and outstanding Guaranteed PCs and Structured Securities.
Table 51 Ì Single-Class and Multi-Class PCs and Other Structured Securities Based on Unpaid Principal Balances(1)
PCs and Structured
PCs and Structured Securities Outstanding Total Guaranteed
Securities in (held by PCs and Structured
December 31, 2006 Retained Portfolio third parties) Securities Issued
(in millions)
PCs and Structured Securities:
Single-class(2) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $194,057 $ 624,383 $ 818,440
Multi-class(3)(4) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 160,205 491,696 651,901
Other(5) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 6,682 6,682
Total PCs and Structured Securities(6) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $354,262 $1,122,761 $1,477,023
December 31, 2005
PCs and Structured Securities:
Single-class(2) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $202,970 $529,901 $ 732,871
Multi-class(3)(4)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 158,354 437,668 596,022
Other(5) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 6,631 6,631
Total PCs and Structured Securities(6) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $361,324 $974,200 $1,335,524
(1) Excludes Freddie Mac mortgage-related securities traded, but not yet settled.
(2) Includes PCs not backing Structured Securities and single-class Structured Securities backed by PCs and Ginnie Mae CertiÑcates.
(3) Includes that portion of multi-class Structured Securities that are backed by PCs and non-agency mortgage-related securities. Also includes multi-
class Structured Securities backed by Ginnie Mae CertiÑcates.
(4) Principal-only strips backed by Freddie Mac mortgage-related Securities held in the Retained portfolio are classiÑed as multi-class for the purpose of
this table.
(5) See ""NOTE 4: FINANCIAL GUARANTEES'' to our consolidated Ñnancial statements for a discussion of our guarantees of principal and interest
related to these securities.
(6) PCs and Structured Securities Issued exclude $1,240,221 million and $961,777 million at December 31, 2006 and 2005, respectively, of Structured
Securities backed by resecuritized PCs and other previously issued Structured Securities. These excluded Structured Securities, which do not increase
our credit related exposure, consist of single-class Structured Securities backed by PCs, REMICs, and principal-only strips. The notional balances of
interest-only strips are excluded because this table is based on unpaid principal balances. Also excluded are modiÑable and combinable REMIC
tranches and interest and principal classes, where the holder has the option to exchange the security tranches for other pre-deÑned security tranches.
89 Freddie Mac