Freddie Mac 2012 Annual Report Download - page 132

The table below summarizes our other short-term debt.
Table 34 — Other Short-Term Debt
2012
December 31,
Average Outstanding
During the Year Maximum
Balance, Net
Outstanding at
Any Month EndBalance, Net(1)
Weighted
Average
Effective Rate(2) Balance, Net(3)
Weighted
Average
Effective Rate(4)
(dollars in millions)
Reference Bills®securities and discount notes .............. $117,889 0.15% $126,919 0.14% $155,285
Medium-term notes ................................. — — 21 0.44 250
Federal funds purchased and securities sold under agreements to
repurchase ...................................... — — 12 0.28 —
Other short-term debt .............................. $117,889 0.15
2011
December 31,
Average Outstanding
During the Year Maximum
Balance, Net
Outstanding at
Any Month EndBalance, Net(1)
Weighted
Average
Effective Rate(2) Balance, Net(3)
Weighted
Average
Effective Rate(4)
(dollars in millions)
Reference Bills®securities and discount notes .............. $161,149 0.11% $181,209 0.17% $196,126
Medium-term notes ................................. 250 0.24 826 0.23 2,564
Federal funds purchased and securities sold under agreements to
repurchase ...................................... — — 13 0.16 —
Other short-term debt .............................. $161,399 0.11
2010
December 31,
Average Outstanding
During the Year Maximum
Balance, Net
Outstanding at
Any Month EndBalance, Net(1)
Weighted
Average
Effective Rate(2) Balance, Net(3)
Weighted
Average
Effective Rate(4)
(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
(1) Represents par value, net of associated discounts and premiums, of which $0 billion, $0.2 billion, and $0.9 billion of short-term debt represents the fair
value of debt securities with the fair value option elected at December 31, 2012, 2011, and 2010, 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.
127 Freddie Mac