Freddie Mac 2009 Annual Report Download - page 248
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NOTE 6: INVESTMENTS IN SECURITIES
Table 6.1 summarizes amortized cost, estimated fair values and corresponding gross unrealized gains and gross
unrealized losses for available-for-sale securities by major security type.
Table 6.1 — Available-For-Sale Securities
December 31, 2009
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
(1)
Fair Value
(in millions)
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 mortgage-related securities ........................................ 413,956 10,850 (42,675) 382,131
Non-mortgage-related securities:
Asset-backed securities . ............................................... 2,444 109 — 2,553
Total non-mortgage-related securities . . . .................................. 2,444 109 — 2,553
Total available-for-sale securities . . ......................................... $416,400 $10,959 $(42,675) $384,684
December 31, 2008
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 mortgage-related securities ........................................ 493,971 7,061 (50,928) 450,104
Non-mortgage-related securities:
Asset-backed securities . ............................................... 8,788 6 — 8,794
Total non-mortgage-related securities . . . .................................. 8,788 6 — 8,794
Total available-for-sale securities . . ......................................... $502,759 $ 7,067 $(50,928) $458,898
(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.
245 Freddie Mac