Freddie Mac issues $25.01 billion securities, buys back none in August

By Angela McDaniels

Tacoma, Wash., Sept. 24 - Freddie Mac issued $25.01 billion of debt securities during August, according to the agency's summary for the month.

Last month's issuance was lower than July, when the agency issued $27.64 billion, and higher than August 2009, when it issued $23.35 billion. Over the last 12 months, the agency has issued an average of $26.29 billion each month.

The agency did not repurchase any debt securities in August or July. For the year so far, Freddie Mac has made 80% of its repurchases in April and May, when it repurchased $1.26 billion and $3.06 billion, respectively.

The agency said that $36.31 billion of debt securities matured or were redeemed during August, and the total amount of debt securities outstanding at the end of the month was $556.68 billion. A year earlier, the total was $600.46 billion.

In July, $45.46 billion of debt securities matured or were redeemed, and the total amount of debt securities outstanding at the end of the month was $568.10 billion.

All of the debt securities referenced above have a term of more than one year.

When debt securities with a term of one year or less are added, the total amount of debt securities outstanding at the end of August was $762.24 billion, compared with $773.31 billion at the end of July and $854.27 billion at the end of August 2009.

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