Freddie Mac issues $25 billion, buys back $2.65 billion in February

By Jennifer Chiou

New York, March 25 - Freddie Mac issued $25.03 billion of debt securities during February, according to the agency's summary for the month.

In comparison, the agency issued $22.42 billion of debt securities in January and $32.62 billion in February 2010.

The agency repurchased $2.65 billion of debt securities in February. It repurchased $200 million the month before and $70 million in the year-ago period.

The agency said that $21.79 billion of debt securities matured or were redeemed during February.

The total amount of debt securities outstanding at the end of the month was $531.58 billion. This is a decline of about $53 billion, or 9%, from a year earlier, when the total outstanding was $584.75 billion.

In January, $22.27 billion of debt securities matured or were redeemed, and the total amount of debt securities outstanding at the end of the month was $530.97 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 February was $716.71 billion, compared with $724.82 billion at the end of January and $826.06 billion at the end of February 2010.

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