Freddie Mac 2009 Annual Report Download - page 104

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Investments in Securities
Tables 25 and 26 provide detail regarding our investments in securities.
Table 25 — Investments in Available-For-Sale Securities
December 31, 2009 Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
(1)
Fair Value
(in millions)
Available-for-sale mortgage-related securities:
Freddie Mac . . . ................................................. $215,198 $ 9,410 $ (1,141) $223,467
Subprime . . . . . . ................................................. 56,821 2 (21,102) 35,721
Commercial mortgage-backed securities .................................. 61,792 15 (7,788) 54,019
Option ARM . . . ................................................. 13,686 25 (6,475) 7,236
Alt-A and other . ................................................. 18,945 9 (5,547) 13,407
Fannie Mae . . . . ................................................. 34,242 1,312 (8) 35,546
Obligations of states and political subdivisions ............................. 11,868 49 (440) 11,477
Manufactured housing .............................................. 1,084 1 (174) 911
Ginnie Mae . . . . ................................................. 320 27 — 347
Total available-for-sale mortgage-related securities . . ....................... 413,956 10,850 (42,675) 382,131
Available-for-sale non-mortgage-related securities:
Asset-backed securities . . . .......................................... 2,444 109 — 2,553
Total available-for-sale non-mortgage-related securities ...................... 2,444 109 — 2,553
Total investments in available-for-sale securities . ............................. $416,400 $10,959 $(42,675) $384,684
December 31, 2008
Available-for-sale mortgage-related securities:
Freddie Mac . . . ................................................. $271,796 $ 6,333 $ (2,921) $275,208
Subprime . . . . . . ................................................. 71,399 13 (19,145) 52,267
Commercial mortgage-backed securities .................................. 64,214 2 (14,716) 49,500
Option ARM . . . ................................................. 12,117 — (4,739) 7,378
Alt-A and other . ................................................. 20,032 11 (6,787) 13,256
Fannie Mae . . . . ................................................. 40,255 674 (88) 40,841
Obligations of states and political subdivisions ............................. 12,874 3 (2,349) 10,528
Manufactured housing .............................................. 917 9 (183) 743
Ginnie Mae . . . . ................................................. 367 16 — 383
Total available-for-sale mortgage-related securities . . ....................... 493,971 7,061 (50,928) 450,104
Available-for-sale non-mortgage-related securities:
Asset-backed securities . . . .......................................... 8,788 6 — 8,794
Total available-for-sale non-mortgage-related securities ...................... 8,788 6 — 8,794
Total investments in available-for-sale securities . ............................. $502,759 $ 7,067 $(50,928) $458,898
December 31, 2007
Available-for-sale mortgage-related securities:
Freddie Mac . . . ................................................. $346,569 $ 2,981 $ (2,583) $346,967
Subprime . . . . . . ................................................. 101,278 12 (8,584) 92,706
Commercial mortgage-backed securities .................................. 64,965 515 (681) 64,799
Option ARM . . . ................................................. 21,269 — (1,276) 19,993
Alt-A and other . ................................................. 30,187 15 (1,267) 28,935
Fannie Mae . . . . ................................................. 45,688 513 (344) 45,857
Obligations of states and political subdivisions ............................. 14,783 146 (351) 14,578
Manufactured housing .............................................. 1,149 131 (12) 1,268
Ginnie Mae . . . . ................................................. 545 19 (2) 562
Total available-for-sale mortgage-related securities . . ....................... 626,433 4,332 (15,100) 615,665
Available-for-sale non-mortgage-related securities:
Commercial paper................................................. 18,513 — — 18,513
Asset-backed securities . . . .......................................... 16,644 25 (81) 16,588
Total available-for-sale non-mortgage-related securities ...................... 35,157 25 (81) 35,101
Total investments in available-for-sale securities . ............................. $661,590 $ 4,357 $(15,181) $650,766
(1) Gross unrealized losses at December 31, 2009 include non-credit-related other-than-temporary impairments on available-for-sale securities recognized in
AOCI and temporary unrealized losses.
101 Freddie Mac