ADP 2012 Annual Report Download - page 62
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Please find page 62 of the 2012 ADP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Corporation (“Freddie Mac”) with fair values of $4,189.1 million, $1,134.1 million, $428.6 million and $384.6 million, respectively. At June
30, 2011, U.S. Treasury and direct obligations of U.S. government agencies primarily include debt directly issued by Federal Home Loan
Banks, Federal Farm Credit Banks, Fannie Mae, and Freddie Mac with fair values of $3,886.5 million, $914.0 million, $702.4 million, and
$759.1 million respectively. U.S. Treasury and direct obligations of U.S. government agencies represent senior, unsecured, non-callable debt
that primarily carries a credit rating of AAA, as rated by Moody's, and AA+, as rated by Standard & Poor's, and has maturities ranging from
August 2012 through June 2022. Corporate bonds include investment-grade debt securities, which include a wide variety of issuers and
industries, primarily carry credit ratings of A and above, and have maturities ranging from July 2012 to June 2022.
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