Freddie Mac 2015 Annual Report Download - page 155

Management's Discussion and Analysis Liquidity and Capital Resources | Liquidity Profile
Freddie Mac 2015 Form 10-K 153
DEBT SECURITIES OF CONSOLIDATED TRUSTS
The table below shows the issuance and extinguishment activity for the debt securities of our
consolidated trusts.
Year Ended December 31,
(in millions) 2015 2014
Beginning balance $ 1,440,325 $1,399,456
New issuances 353,882 257,293
Newly-issued debt securities retained at issuance (93,992) (47,792)
Net new issuances to third parties 259,890 209,501
Additional issuances of securities 137,676 92,053
Total issuances 397,566 301,554
Extinguishments, net (324,802)(260,685)
Ending balance 1,513,089 1,440,325
Unamortized premiums and discounts 43,032 39,148
Debt securities of consolidated trusts held by third parties $ 1,556,121 $1,479,473
The table below provides information on the debt securities issued by our consolidated trusts as of the
dates set forth below.
December 31,
(in millions) 2015 2014
Single-family
PCs:
30-year or more amortizing fixed-rate $ 1,156,220 $1,088,340
20-year amortizing fixed-rate 81,255 78,603
15-year amortizing fixed-rate 281,165 278,282
Adjustable-rate 66,807 69,683
Interest-only 19,573 23,941
FHA/VA and other governmental 2,745 3,154
Total single-family PCs 1,607,765 1,542,003
Other single-family 5,824 7,030
Total single-family 1,613,589 1,549,033
Multifamily
K Certificates 1,629 440
Other securitization products 82 84
Total multifamily 1,711 524
Total Freddie Mac mortgage-related securities 1,615,300 1,549,557
Repurchased or retained at issuance Freddie Mac mortgage-
related securities (102,211)(109,232)
Debt securities of consolidated trusts held by third parties $ 1,513,089 $1,440,325