Freddie Mac 2015 Annual Report Download - page 271

Financial Statements Notes to the Consolidated Financial Statements | Note 9
Freddie Mac 2015 Form 10-K 269
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES
The table below displays information related to derivatives and securities purchased under agreements to
resell on our consolidated balance sheets.
December 31, 2015
(in millions)
Gross
Amount
Recognized
Amount
Offset in the
Consolidated
Balance
Sheets
Net Amount
Presented in
the
Consolidated
Balance
Sheets(1)
Gross
Amount
Not Offset in
the
Consolidated
Balance
Sheets(2) Net Amount
Assets:
Derivatives:
OTC interest-rate swaps and option-
based derivatives $8,763 $ (8,433) $ 330 $(269) $ 61
Cleared and exchange-traded
derivatives 1,783 (1,777) 6 — 6
Other 59 — 59 — 59
Total derivatives 10,605 (10,210)395 (269)126
Securities purchased under agreements
to resell 63,644 — 63,644 (63,644) —
Total $ 74,249 $ (10,210) $ 64,039 $ (63,913) $ 126
Liabilities:
Derivatives:
OTC interest-rate swaps and option-
based derivatives $ (8,886) $ 7,801 $ (1,085) $ 948 $(137)
Cleared and exchange-traded
derivatives (4,857) 4,749 (108) — (108)
Other (61) — (61) — (61)
Total $ (13,804) $ 12,550 $ (1,254) $ 948 $(306)
December 31, 2014
(in millions)
Gross
Amount
Recognized
Amount
Offset in the
Consolidated
Balance
Sheets
Net Amount
Presented in
the
Consolidated
Balance
Sheets(1)
Gross
Amount
Not Offset in
the
Consolidated
Balance
Sheets(2) Net Amount
Assets:
Derivatives:
OTC interest-rate swaps and option-
based derivatives $ 10,315 $ (9,688) $ 627 $(453) $ 174
Cleared and exchange-traded
derivatives 379 (251)128 —128
Other 67 — 67 — 67
Total derivatives 10,761 (9,939) 822 (453)369
Securities purchased under agreements
to resell 51,903 — 51,903 (51,903) —
Total $ 62,664 $ (9,939) $ 52,725 $ (52,356) $ 369
Liabilities:
Derivatives:
OTC interest-rate swaps and option-
based derivatives $ (10,666) $ 8,845 $ (1,821) $ 1,743 $(78)
Cleared and exchange-traded
derivatives (4,277) 4,252 (25) — (25)
Other (117) — (117) — (117)
Total $ (15,060) $ 13,097 $ (1,963) $ 1,743 $(220)