Freddie Mac 2010 Annual Report Download - page 107

Table 33 summarizes our other short-term debt.
Table 33 — Other Short-Term Debt
2010
Balance, Net
(1)
Weighted
Average
Effective Rate
(2)
Balance, Net
(3)
Weighted
Average
Effective Rate
(4)
Maximum
Balance, Net
Outstanding at Any
Month End
December 31,
Average Outstanding
During the Year
(dollars in millions)
Reference Bills˛securities and discount notes ......... $194,742 0.24% $213,465 0.25% $240,037
Medium-term notes . . . ........................ 2,364 0.31 1,955 0.34 3,661
Federal funds purchased and securities sold under
agreements to repurchase ...................... — — 72 0.30 —
Other short-term debt ........................ $197,106 0.25
2009
Balance, Net
(1)
Weighted
Average
Effective Rate
(2)
Balance, Net
(3)
Weighted
Average
Effective Rate
(4)
Maximum
Balance, Net
Outstanding at Any
Month End
December 31,
Average Outstanding
During the Year
(dollars in millions)
Reference Bills˛securities and discount notes ......... $227,611 0.26% $261,020 0.70% $340,307
Medium-term notes . . . ........................ 10,560 0.69 19,372 1.10 34,737
Federal funds purchased and securities sold under
agreements to repurchase ...................... — — 33 0.29 —
Other short-term debt ........................ $238,171 0.28
2008
Balance, Net
(1)
Weighted
Average
Effective Rate
(2)
Balance, Net
(3)
Weighted
Average
Effective Rate
(4)
Maximum
Balance, Net
Outstanding at Any
Month End
December 31,
Average Outstanding
During the Year
(dollars in millions)
Reference Bills˛securities and discount notes ......... $310,026 1.67% $231,361 2.65% $310,026
Medium-term notes . . . ........................ 19,676 2.61 11,758 2.74 19,676
Federal funds purchased and securities sold under
agreements to repurchase ...................... — — 519 2.86 3,500
Other short-term debt ........................ $329,702 1.73
(1) Represents par value, net of associated discounts, premiums and hedge-related basis adjustments, of which $0.9 billion, $0.5 billion, and $0 billion of
short-term debt represents the fair value of debt securities with the fair value option elected at December 31, 2010, 2009, and 2008, respectively.
(2) Represents the approximate weighted average effective rate for each instrument outstanding at the end of the period, which includes the amortization of
discounts or premiums and issuance costs.
(3) Represents par value, net of associated discounts, premiums and issuance costs. Issuance costs are reported in the other assets caption on our
consolidated balance sheets.
(4) Represents the approximate weighted average effective rate during the period, which includes the amortization of discounts or premiums and issuance
costs.
104 Freddie Mac