Freddie Mac 2015 Annual Report Download - page 262

Financial Statements Notes to the Consolidated Financial Statements | Note 7
Freddie Mac 2015 Form 10-K 260
The table below summarizes the debt securities of consolidated trusts held by third parties based on
underlying loan product type.
December 31, 2015 December 31, 2014
(dollars in million) Contractual Maturity UPB Carrying Amount
Weighted
Average
Coupon(1) Contractual Maturity UPB Carrying Amount
Weighted
Average
Coupon(1)
Single-family:
30-year or more, fixed-rate(2) 2016 - 2053 $1,090,584 $1,123,290 3.88% 2015 - 2053 $1,018,357 $1,047,302 4.04%
20-year fixed-rate 2016 - 2036 73,018 75,221 3.61 2015 - 2035 71,545 73,764 3.74
15-year fixed-rate 2016 - 2031 270,036 276,531 3.01 2015 - 2030 266,117 272,538 3.13
Adjustable-rate 2016 - 2047 62,496 63,899 2.61 2015 - 2047 65,082 66,518 2.62
Interest-only 2026 - 2041 14,252 14,317 3.16 2026 - 2041 17,474 17,524 3.29
FHA/VA 2016 - 2044 986 1,005 5.37 2015 - 2044 1,226 1,250 5.42
Total single-family 1,511,372 1,554,263 1,439,801 1,478,896
Multifamily(2) 2017 - 2028 1,717 1,858 4.90 2017 - 2019 524 577 4.93
Total debt securities of
consolidated trusts held by third
parties $1,513,089 $1,556,121 $1,440,325 $1,479,473
(1) The effective rate for debt securities of consolidated trusts held by third parties was 3.06% and 3.19% as of December 31,
2015 and 2014, respectively.
(2) Carrying amount includes securities recorded at fair value.
OTHER SHORT-TERM DEBT
As indicated in the table below, a majority of other short-term debt consisted of discount notes and
Reference Bills® securities, paying only principal at maturity. Discount notes, Reference Bills® securities,
and medium-term notes are unsecured general corporate obligations. Certain medium-term notes that
have original maturities of one year or less are classified as other short-term debt for purposes of this
presentation.
The table below summarizes the balances and effective interest rates for other short-term debt.
December 31, 2015 December 31, 2014
(dollars in millions) Par Value Carrying Amount
Weighted
Average
Effective Rate Par Value Carrying Amount
Weighted
Average
Effective Rate
Other short-term debt:
Discount notes and
Reference Bills®$104,088 $104,027 0.28% $ 134,670 $ 134,619 0.12%
Medium-term notes 9,545 9,545 0.20 — — —
Total other short-term
debt $113,633 $113,572 0.27 $ 134,670 $ 134,619 0.12
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
We had no balances of securities sold under agreements to repurchase at either December 31, 2015 or
2014.