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FRE > SEC Filings for FRE > Form 8-K on 1-Apr-2009All Recent SEC Filings

Show all filings for FEDERAL HOME LOAN MORTGAGE CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for FEDERAL HOME LOAN MORTGAGE CORP


1-Apr-2009

Other Events


Item 8.01 Other Events.

As previously disclosed, at December 31, 2008, Freddie Mac's (formally the Federal Home Loan Mortgage Corporation) liabilities exceeded its assets under generally accepted accounting principles by $(30.6) billion, and stockholders' equity (deficit) totaled $(30.7) billion. On March 31, 2009, pursuant to a request by the Director of the Federal Housing Finance Agency, the U.S. Department of the Treasury (Treasury) provided $30.8 billion in immediately available funds to Freddie Mac in accordance with the terms of the Senior Preferred Stock Purchase Agreement between Freddie Mac and Treasury, in order to address the $30.7 billion deficit in stockholders' equity that existed at December 31, 2008. As a result of this draw, the aggregate liquidation preference of the senior preferred stock has increased from $14.8 billion to $45.6 billion.


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