Federal Home Loan Mortgage (FMCC) 8-K Freddie Mac Releases Second Quarter 2009 Financial Results

Exhibit 99.2

FREDDIE MAC
SECOND QUARTER 2009 FINANCIAL RESULTS
FINANCIAL STATEMENTS AND CORE TABLES

TABLE OF CONTENTS

Table		GAAP Financial Statements	Page
		Consolidated Statements of Operations		2
		Consolidated Balance Sheets		3
		Consolidated Statements of Equity (Deficit)		4
		GAAP Financial Results
	1A	Net Interest Yield Analysis		5
	1B	Net Interest Income		6
	2	Non-Interest Income (Loss)		7
	3	Management and Guarantee Income & Related Information		8
	4	Derivatives Not in Hedge Accounting Relationships		9
	5	Non-Interest Expense		10
	6	Credit Quality Indicators		11
	7	Single-Family Non-Credit-Enhanced Delinquency and Foreclosure Activity by Region		12
	8	Real Estate Owned (REO) Activity		13

FREDDIE MAC
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)

					Three Months Ended June 30,						Six Months Ended June 30,
Line:					2009			2008			2009			2008
					(dollars in millions, except
					share-related amounts)
		Interest income
	1		Investments in securities		$	8,523		$	8,603		$	17,494		$	17,049
	2		Mortgage loans			1,721			1,320			3,301			2,563
	3		Other			75			297			169			504
	4			Total interest income		10,319			10,220			20,964			20,116
		Interest expense
	5		Short-term debt			(571	)		(1,637	)		(1,693	)		(3,681	)
	6		Long-term debt			(5,211	)		(6,711	)		(10,575	)		(13,436	)
	7			Total interest expense		(5,782	)		(8,348	)		(12,268	)		(17,117	)
	8		Expense related to derivatives			(282	)		(343	)		(582	)		(672	)
	9	Net interest income				4,255			1,529			8,114			2,327
		Non-interest income
	10		Management and guarantee income (includes interest on guarantee asset of $251, $243, $500 and $458, respectively)			710			757			1,490			1,546
	11		Gains (losses) on guarantee asset			1,817			1,114			1,661			(280	)
	12		Income on guarantee obligation			961			769			1,871			1,938
	13		Derivative gains (losses)			2,361			115			2,542			(130	)
			Gains (losses) on investments:
				Impairment-related:
	14			Total other-than-temporary impairment ofavailable-for-sale securities		(10,473	)		(1,040	)		(17,603	)		(1,111	)
	15			Portion of other-than-temporary impairment recognized in AOCI		8,260			—			8,260			—
	16			Net impairment ofavailable-for-sale securities recognized in      earnings		(2,213	)		(1,040	)		(9,343	)		(1,111	)
	17			Other gains (losses) on investments		797			(2,287	)		2,983			(997	)
	18		Total gains (losses) on investments			(1,416	)		(3,327	)		(6,360	)		(2,108	)
	19		Gains (losses) on debt recorded at fair value			(797	)		569			(330	)		(816	)
	20		Gains (losses) on debt retirement			(156	)		(29	)		(260	)		276
	21		Recoveries on loans impaired upon purchase			70			121			120			347
	22		Low-income housing tax credit partnerships			(167	)		(108	)		(273	)		(225	)
	23		Trust management income (expense)			(238	)		(19	)		(445	)		(16	)
	24		Other income			70			94			111			138
	25	Non-interest income				3,215			56			127			670
		Non-interest expense
	26		Salaries and employee benefits			(221	)		(241	)		(428	)		(472	)
	27		Professional services			(64	)		(55	)		(124	)		(127	)
	28		Occupancy expense			(15	)		(18	)		(33	)		(33	)
	29		Other administrative expenses			(83	)		(90	)		(170	)		(169	)
	30			Total administrative expenses		(383	)		(404	)		(755	)		(801	)
	31		Provision for credit losses			(5,199	)		(2,537	)		(13,990	)		(3,777	)
	32		Real estate owned operations expense			(9	)		(265	)		(315	)		(473	)
	33		Losses on loans purchased			(1,199	)		(120	)		(3,211	)		(171	)
	34		Other expenses			(97	)		(108	)		(175	)		(195	)
	35	Non-interest expense				(6,887	)		(3,434	)		(18,446	)		(5,417	)
	36	Income (loss) before income tax benefit				583			(1,849	)		(10,205	)		(2,420	)
	37	Income tax benefit				184			1,030			1,121			1,452
	38	Net income (loss)			$	767		$	(819	)	$	(9,084	)	$	(968	)
	39		Less: net (income) loss attributable to noncontrolling interest			1			(2	)		1			(4	)
	40	Net income (loss) attributable to Freddie Mac			$	768		$	(821	)	$	(9,083	)	$	(972	)
	41		Preferred stock dividends			(1,142	)		(231	)		(1,520	)		(503	)
	42		Amount allocated to participating security option holders			—			(1	)		—			(1	)
	43	Net loss attributable to common stockholders			$	(374	)	$	(1,053	)	$	(10,603	)	$	(1,476	)
		Loss per common share:
	44		Basic		$	(0.11	)	$	(1.63	)	$	(3.26	)	$	(2.28	)
	45		Diluted		$	(0.11	)	$	(1.63	)	$	(3.26	)	$	(2.28	)
		Weighted average common shares outstanding (in thousands):
	46		Basic			3,253,716			646,868			3,254,815			646,603
	47		Diluted			3,253,716			646,868			3,254,815			646,603
	48	Dividends per common share			$	—		$	0.25		$	—		$	0.50

2

FREDDIE MAC
CONSOLIDATED BALANCE SHEETS
(unaudited)

				June 30,			December 31,
Line:				2009			2008
				(dollars in millions, except
				share-related amounts)
		Assets
	1	Cash and cash equivalents		$	46,662		$	45,326
	2	Restricted cash			1,609			953
	3	Federal funds sold and securities purchased under agreements to resell			8,500			10,150
		Investments in securities:
	4		Available-for-sale, at fair value (includes $8,112 and $21,302, respectively, pledged as collateral that may be repledged)		420,691			458,898
	5		Trading, at fair value		250,666			190,361
	6		Total investments in securities		671,357			649,259
		Mortgage loans:
	7		Held-for-sale, at lower-of-cost-or-fair-value (except $223 and $401 at fair value, respectively)		22,596			16,247
	8		Held-for-investment, at amortized cost (net of allowances for loan losses of $831 and $690, respectively)		99,354			91,344
	9		Total mortgage loans, net		121,950			107,591
	10	Accounts and other receivables, net			6,871			6,337
	11	Derivative assets, net			319			955
	12	Guarantee asset, at fair value			7,576			4,847
	13	Real estate owned, net			3,416			3,255
	14	Deferred tax assets, net			16,894			15,351
	15	Low-income housing tax credit partnerships equity investments			3,879			4,145
	16	Other assets			3,257			2,794
	17		Total assets	$	892,290		$	850,963
		Liabilities and equity (deficit)
		Liabilities
	18	Accrued interest payable		$	5,500		$	6,504
		Debt, net:
	19		Short-term debt (includes $1,645 and $1,638 at fair value, respectively)		344,135			435,114
	20		Long-term debt (includes $5,852 and $11,740 at fair value, respectively)		492,843			407,907
	21		Total debt, net		836,978			843,021
	22	Guarantee obligation			11,956			12,098
	23	Derivative liabilities, net			885			2,277
	24	Reserve for guarantee losses on Participation Certificates			24,366			14,928
	25	Other liabilities			4,373			2,769
	26		Total liabilities		884,058			881,597
	27	Commitments and contingencies
		Equity (deficit)
		Freddie Mac stockholders’ equity (deficit)
	28		Senior preferred stock, at redemption value		51,700			14,800
	29		Preferred stock, at redemption value		14,109			14,109
	30		Common stock, $0.00 par value, 4,000,000,000 shares authorized, 725,863,886 shares issued and 648,305,154 shares and 647,260,293 shares outstanding, respectively		—			—
	31		Additional paid-in capital		30			19
	32		Retained earnings (accumulated deficit)		(18,863	)		(23,191	)
			Accumulated other comprehensive income (loss), or AOCI, net of taxes, related to:
	33		Available-for-sale securities (includes $17,774, net of taxes, of other-than-temporary     impairments at June 30, 2009)		(31,375	)		(28,510	)
	34		Cash flow hedge relationships		(3,275	)		(3,678	)
	35		Defined benefit plans		(165	)		(169	)
	36		Total AOCI, net of taxes		(34,815	)		(32,357	)
	37		Treasury stock, at cost, 77,558,732 shares and 78,603,593 shares, respectively		(4,024	)		(4,111	)
	38		Total Freddie Mac stockholders’ equity (deficit)		8,137			(30,731	)
	39	Noncontrolling interest			95			97
	40		Total equity (deficit)		8,232			(30,634	)
	41		Total liabilities and equity (deficit)	$	892,290		$	850,963

3

FREDDIE MAC
CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT)
(unaudited)

			Six Months Ended June 30,
			2009						2008
Line:			Shares			Amount			Shares			Amount
			(in millions)
		Senior preferred stock, at redemption value
	1	Balance, beginning of year		1		$	14,800			—		$	—
	2	Increase in liquidation preference		—			36,900			—			—
	3	Senior preferred stock, end of period		1			51,700			—			—
		Preferred stock, at redemption value
	4	Balance, beginning of year		464			14,109			464			14,109
	5	Preferred stock, end of period		464			14,109			464			14,109
		Common stock, at par value
	6	Balance, beginning of year		726			—			726			152
	7	Common stock, end of period		726			—			726			152
		Additional paid-in capital
	8	Balance, beginning of year					19						871
	9	Stock-based compensation					27						53
	10	Income tax benefit from stock-based compensation					7						(12	)
	11	Common stock issuances					(86	)					(52	)
	12	Real Estate Investment Trust preferred stock repurchase					—						4
	13	Transfer from retained earnings (accumulated deficit)					63						—
	14	Additional paid-in capital, end of period					30						864
		Retained earnings (accumulated deficit)
	15	Balance, beginning of year					(23,191	)					26,909
	16	Cumulative effect of change in accounting principle, net of taxes					—						1,023
	17	Balance, beginning of year, as adjusted					(23,191	)					27,932
	18	Cumulative effect of change in accounting principle, net of taxes					14,996						—
	19	Net loss attributable to Freddie Mac					(9,083	)					(972	)
	20	Senior preferred stock dividends declared					(1,519	)					—
	21	Preferred stock dividends declared					—						(503	)
	22	Common stock dividends declared					—						(323	)
	23	Dividend equivalent payments on expired stock options					(3	)					(6	)
	24	Transfer to additional paid-in capital					(63	)					—
	25	Retained earnings (accumulated deficit), end of period					(18,863	)					26,128
		AOCI, net of taxes
	26	Balance, beginning of year					(32,357	)					(11,143	)
	27	Cumulative effect of change in accounting principle, net of taxes					—						(850	)
	28	Balance, beginning of year, as adjusted					(32,357	)					(11,993	)
	29	Cumulative effect of change in accounting principle, net of taxes					(9,931	)					—
	30	Changes in unrealized gains (losses) related toavailable-for-sale securities, net of reclassification adjustments					7,066						(12,825	)
	31	Changes in unrealized gains (losses) related to cash flow hedge relationships, net of reclassification adjustments					403						637
	32	Changes in defined benefit plans					4						1
	33	AOCI, net of taxes, end of period					(34,815	)					(24,180	)
		Treasury stock, at cost
	34	Balance, beginning of year		79			(4,111	)		80			(4,174	)
	35	Common stock issuances		(1	)		87			(1	)		49
	36	Treasury stock, end of period		78			(4,024	)		79			(4,125	)
		Noncontrolling interest
	37	Balance, beginning of year					97						181
	38	Net income (loss) attributable to noncontrolling interest					(1	)					4
	39	Real Estate Investment Trust preferred stock repurchase					—						(45	)
	40	Dividends and other					(1	)					(6	)
	41	Noncontrolling interest, end of period					95						134
	42	Total equity (deficit)				$	8,232					$	13,082
		Comprehensive income (loss)
	43	Net loss				$	(9,084	)				$	(968	)
	44	Changes in other comprehensive income (loss), net of taxes, net of reclassification adjustments					7,473						(12,187	)
	45	Comprehensive income (loss)					(1,611	)					(13,155	)
	46	Less: Comprehensive (income) loss attributable to noncontrolling interest					1						(4	)
	47	Total comprehensive income (loss) attributable to Freddie Mac				$	(1,610	)				$	(13,159	)

4

FREDDIE MAC
NET INTEREST YIELD ANALYSIS
TABLE 1A
(unaudited)
(dollars in millions)

																					Six Months Ended June 30,
Line:			1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Net Interest Income:
	1	Net interest income	$	798		$	1,529		$	1,844		$	2,625		$	3,859		$	4,255		$	2,327		$	8,114
	2	Fully taxable-equivalent adjustments(1)		107			105			98			94			102			99			212			201
	3	Net interest income (fully taxable-equivalent basis)	$	905		$	1,634		$	1,942		$	2,719		$	3,961		$	4,354		$	2,539		$	8,315
		Average Balances:
	4	Mortgage loans(2)	$	84,291		$	89,813		$	95,174		$	105,316		$	118,555		$	127,863		$	87,052		$	123,209
	5	Mortgage-related securities(3)		628,721			664,727			676,197			677,379			698,464			702,693			646,724			700,578
	6	Total mortgage-related investments portfolio		713,012			754,540			771,371			782,695			817,019			830,556			733,776			823,787
	7	Non-mortgage-related securities(3)		30,565			26,935			11,658			9,869			11,197			16,594			28,750			13,896
	8	Cash and cash equivalents		8,891			27,126			35,735			40,799			49,932			57,401			18,008			53,666
	9	Federal funds sold and securities purchased under agreements to resell		14,435			20,660			29,379			27,599			33,605			29,542			17,548			31,574
	10	Total interest-earning assets		766,903			829,261			848,143			860,962			911,753			934,093			798,082			922,923
	11	Short-term debt		204,650			240,119			241,150			292,357			362,566			293,475			222,385			328,020
	12	Long-term debt		538,295			569,443			589,377			547,931			521,151			582,998			553,869			552,075
	13	Total interest-bearing liabilities		742,945			809,562			830,527			840,288			883,717			876,473			776,254			880,095
	14	Net non-interest-bearing funding		23,958			19,699			17,616			20,674			28,036			57,620			21,828			42,828
	15	Total funding of interest-earning assets	$	766,903		$	829,261		$	848,143		$	860,962		$	911,753		$	934,093		$	798,082		$	922,923
		Yield/Cost:
	16	Mortgage loans		5.90	%		5.88	%		5.72	%		5.49	%		5.33	%		5.38	%		5.89	%		5.36	%
	17	Mortgage-related securities		5.17			5.04			5.08			5.41			5.02			4.69			5.11			4.85
	18	Total mortgage-related investments portfolio		5.26			5.14			5.16			5.42			5.06			4.79			5.20			4.93
	19	Non-mortgage-related securities		4.10			3.31			4.40			5.67			7.53			6.96			3.73			7.19
	20	Cash and cash equivalents		3.90			2.60			2.51			1.17			0.61			0.42			2.92			0.51
	21	Federal funds sold and securities purchased under agreements to resell		3.31			2.29			2.18			0.36			0.22			0.17			2.71			0.20
	22	Yield on total interest-earning assets		5.16			4.93			4.93			5.06			4.67			4.42			5.04			4.54
	23	Short-term debt		(3.95	)		(2.70	)		(2.38	)		(2.21	)		(1.24	)		(0.77	)		(3.27	)		(1.03	)
	24	Long-term debt		(4.99	)		(4.71	)		(4.60	)		(4.59	)		(4.12	)		(3.57	)		(4.85	)		(3.83	)
	25	Cost of interest-bearing liabilities		(4.70	)		(4.11	)		(3.96	)		(3.76	)		(2.94	)		(2.63	)		(4.40	)		(2.79	)
	26	Expense related to derivatives		(0.18	)		(0.17	)		(0.18	)		(0.15	)		(0.13	)		(0.13	)		(0.17	)		(0.13	)
	27	Impact of net non-interest-bearing funding		0.15			0.10			0.09			0.09			0.09			0.17			0.13			0.14
	28	Total funding of interest-earning assets		(4.73	)		(4.18	)		(4.05	)		(3.82	)		(2.98	)		(2.59	)		(4.44	)		(2.78	)
	29	Net interest yield		0.43			0.75			0.88			1.24			1.69			1.83			0.60			1.76
	30	Fully taxable-equivalent adjustments(1)		0.05			0.05			0.05			0.04			0.05			0.04			0.05			0.04
	31	Net interest yield (fully taxable-equivalent basis)		0.48	%		0.80	%		0.93	%		1.28	%		1.74	%		1.87	%		0.65	%		1.80	%

(1)	The determination of net interest income/yield (fully taxable-equivalent basis), which reflects fully taxable-equivalent adjustments to interest income, involves the conversion of tax-exempt sources of interest income to the equivalent amounts of interest income that would be necessary to derive the same net return if the investments had been subject to income taxes using our federal statutory tax rate of 35%.
(2)	Non-performing loans, where interest income is recognized when collected, are included in average balances.
(3)	For securities, we calculate average balances based on their unpaid principal balance plus their associated deferred fees and costs (e.g., premiums and discounts), but exclude the effects of mark-to-fair-value changes.

5

FREDDIE MAC
NET INTEREST INCOME
TABLE 1B
(unaudited)
(dollars in millions)

																								Six Months Ended June 30,
Line:						1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Net Interest Income:
	1	Contractual amounts of net interest income				$	1,511		$	2,267		$	2,529		$	2,694		$	4,046		$	4,874		$	3,778		$	8,920
		Amortization income (expense), net:(1)
	2		Accretion of impairments on available-for-sale securities(2)				—			—			81			470			715			253			—			968
	3		Asset-related amortization				(58	)		(90	)		(135	)		24			(385	)		(391	)		(148	)		(776	)
	4		Long-term debt-related amortization				(326	)		(305	)		(269	)		(248	)		(217	)		(199	)		(631	)		(416	)
	5				Total amortization income (expense), net		(384	)		(395	)		(323	)		246			113			(337	)		(779	)		(224	)
		Expense related to derivatives:
	6		Amortization of deferred balances in AOCI(3)				(327	)		(307	)		(308	)		(315	)		(300	)		(282	)		(634	)		(582	)
			Accrual of periodic settlements of derivatives:(4)
	7			Pay-fixed swaps			(2	)		(36	)		(54	)		—			—			—			(38	)		—
	8				Total accrual of periodic settlements of derivatives		(2	)		(36	)		(54	)		—			—			—			(38	)		—
	9	Total expense related to derivatives					(329	)		(343	)		(362	)		(315	)		(300	)		(282	)		(672	)		(582	)
	10	Net interest income					798			1,529			1,844			2,625			3,859			4,255			2,327			8,114
	11	Fully taxable-equivalent adjustments					107			105			98			94			102			99			212			201
	12	Net interest income (fully taxable-equivalent basis)				$	905		$	1,634		$	1,942		$	2,719		$	3,961		$	4,354		$	2,539		$	8,315

(1)	Represents amortization related to premiums, discounts, deferred fees and other adjustments to the carrying value of our financial instruments and the reclassification of previously deferred balances from AOCI for certain derivatives in cash flow hedge relationships related to individual debt issuances and mortgage purchase transactions.
(2)	The portion of the impairment charges recognized in earnings expected to be recovered is recognized as net interest income.
(3)	Represents changes in fair value of derivatives in cash flow hedge relationships that were previously deferred in AOCI and have been reclassified to earnings as the associated hedged forecasted issuance of debt and mortgage purchase transactions affect earnings.
(4)	Reflects the accrual of periodic cash settlements of all derivatives in qualifying hedge accounting relationships.

6

FREDDIE MAC
NON-INTEREST INCOME (LOSS)
TABLE 2
(unaudited)
(dollars in millions)

																								Six Months Ended June 30,
Line:						1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Non-Interest Income (Loss):
	1	Management and guarantee income				$	789		$	757		$	832		$	992		$	780		$	710		$	1,546		$	1,490
	2	Gains (losses) on guarantee asset					(1,394	)		1,114			(1,722	)		(5,089	)		(156	)		1,817			(280	)		1,661
	3	Income on guarantee obligation					1,169			769			783			2,105			910			961			1,938			1,871
		Derivative gains (losses):
			Foreign-currency denominated derivatives gains (losses):(1)
	4			Foreign-currency swaps gains (losses)			1,237			(48	)		(1,578	)		(195	)		(573	)		583			1,189			10
	5			Receive-fixed swaps — foreign-currency denominated gains (losses)			193			(490	)		228			558			187			(63	)		(297	)		124
	6		U.S. dollar denominated derivatives gains (losses)				(1,330	)		1,020			(1,448	)		(11,806	)		1,302			2,688			(310	)		3,990
	7		Accrual of periodic settlements				(345	)		(367	)		(282	)		(301	)		(735	)		(847	)		(712	)		(1,582	)
	8				Total derivative gains (losses)		(245	)		115			(3,080	)		(11,744	)		181			2,361			(130	)		2,542
		Gains (losses) on investments:
	9		Gains (losses) on trading securities				971			(2,279	)		(932	)		3,195			2,131			622			(1,308	)		2,753
	10		Gains (losses) on sale of mortgage loans				71			(5	)		31			20			151			143			66			294
	11		Gains (losses) on sale of available-for-sale securities				215			38			287			6			51			205			253			256
		Impairment-related(2):
	12		Total other-than-temporary impairment ofavailable-for-sale securities				(71	)		(1,040	)		(9,106	)		(7,465	)		(7,130	)		(10,473	)		(1,111	)		(17,603	)
	13		Portion of other-than-temporary impairment recognized in AOCI				—			—			—			—			—			8,260			—			8,260
	14			Net impairment ofavailable-for-sale securities recognized in earnings			(71	)		(1,040	)		(9,106	)		(7,465	)		(7,130	)		(2,213	)		(1,111	)		(9,343	)
	15		Lower-of-cost-or-fair-value adjustments				33			(41	)		(20	)		(2	)		(129	)		(102	)		(8	)		(231	)
	16		Gains (losses) on mortgage loans elected at fair value				—			—			(7	)		(7	)		(18	)		(71	)		—			(89	)
	17			Total gains (losses) on investments			1,219			(3,327	)		(9,747	)		(4,253	)		(4,944	)		(1,416	)		(2,108	)		(6,360	)
		Gains (losses) on debt recorded at fair value:(1)
	18		Translation gains (losses)				(1,214	)		88			1,665			171			580			(655	)		(1,126	)		(75	)
	19		Market value adjustments				(171	)		481			(165	)		(449	)		(113	)		(142	)		310			(255	)
	20			Total gains (losses) on debt recorded at fair value			(1,385	)		569			1,500			(278	)		467			(797	)		(816	)		(330	)
	21	Gains (losses) on debt retirement					305			(29	)		36			(103	)		(104	)		(156	)		276			(260	)
	22	Recoveries on loans impaired upon purchase					226			121			91			57			50			70			347			120
	23	Low-income housing tax credit partnerships					(117	)		(108	)		(121	)		(107	)		(106	)		(167	)		(225	)		(273	)
	24	Trust management income (expense)					3			(19	)		4			(58	)		(207	)		(238	)		(16	)		(445	)
	25	Other income					44			94			21			36			41			70			138			111
	26			Total non-interest income (loss)		$	614		$	56		$	(11,403	)	$	(18,442	)	$	(3,088	)	$	3,215		$	670		$	127

(1)

We adopted Statement of Financial Accounting Standards, or SFAS, No. 159,“The Fair Value Option for Financial Assets and Financial Liabilities, Including an Amendment of FASB Statement No. 115,” on January 1, 2008. We initially elected the fair value option for our foreign-currency denominated debt. Due to this election, foreign currency exposure is a component of gains (losses) on debt recorded at fair value. We use a combination of foreign-currency swaps and foreign-currency denominated receive-fixed swaps to hedge the changes in fair value of our foreign-currency denominated debt related to fluctuations in exchange rates and interest rates.

(2)

We adopted FSPFAS 115-2 andFAS 124-2 effective April 1, 2009. See “NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Change in Accounting Principles” to our consolidated financial statements for further information.

7

FREDDIE MAC
MANAGEMENT AND GUARANTEE INCOME & RELATED INFORMATION
TABLE 3
(unaudited)
(dollars in millions)

																					Six Months Ended June 30,
Line:			1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Management and Guarantee Income:
	1	Contractual management and guarantee fees	$	757		$	778		$	796		$	793		$	782		$	776		$	1,535		$	1,558
	2	Amortization of deferred fees included in other liabilities(1)		32			(21	)		36			199			(2	)		(66	)		11			(68	)
	3	Total management and guarantee income	$	789		$	757		$	832		$	992		$	780		$	710		$	1,546		$	1,490
	4	Contractual management and guarantee fees		17.4 bp			17.5 bp			17.6 bp			17.5 bp			17.4 bp			17.3 bp			17.5 bp			17.4 bp
	5	Amortization of deferred fees included in other liabilities		0.8			(0.5)			0.8			4.4			0.0			(1.5)			0.1			(0.8)
	6	Total management and guarantee income		18.2 bp			17.0 bp			18.4 bp			21.9 bp			17.4 bp			15.8 bp			17.6 bp			16.6 bp
	7	Unamortized balance of deferred fees included in other liabilities, at period end(1)	$	379		$	403		$	371		$	176		$	181		$	250		$	403		$	250
		Gains (Losses) on Guarantee Asset:
	8	Contractual management and guarantee fees	$	(689	)	$	(720	)	$	(730	)	$	(732	)	$	(733	)	$	(731	)	$	(1,409	)	$	(1,464	)
	9	Portion attributable to imputed interest income		215			243			299			364			249			251			458			500
	10	Return of investment on guarantee asset		(474	)		(477	)		(431	)		(368	)		(484	)		(480	)		(951	)		(964	)
	11	Change in fair value of future management and guarantee fees		(920	)		1,591			(1,291	)		(4,721	)		328			2,297			671			2,625
	12	Gains (losses) on guarantee asset	$	(1,394	)	$	1,114		$	(1,722	)	$	(5,089	)	$	(156	)	$	1,817		$	(280	)	$	1,661
		Changes in Guarantee Asset:
	13	Beginning balance	$	9,591		$	9,134		$	11,019		$	9,679		$	4,847		$	5,026		$	9,591		$	4,847
	14	Additions, net		937			858			382			262			339			741			1,795			1,080
	15	Other		—			(87	)		—			(5	)		(4	)		(8	)		(87	)		(12	)
	16	Gains (losses) on guarantee asset		(1,394	)		1,114			(1,722	)		(5,089	)		(156	)		1,817			(280	)		1,661
	17	Ending balance	$	9,134		$	11,019		$	9,679		$	4,847		$	5,026		$	7,576		$	11,019		$	7,576
		Changes in Guarantee Obligation:
	18	Beginning balance	$	13,712		$	13,669		$	14,022		$	13,874		$	12,098		$	11,759		$	13,712		$	12,098
	19	Deferred guarantee income of newly-issued guarantees		1,132			1,255			638			341			584			1,177			2,387			1,761
	20	Other(2)		(6	)		(133	)		(3	)		(12	)		(13	)		(19	)		(139	)		(32	)
	21	Income on guarantee obligation		(1,169	)		(769	)		(783	)		(2,105	)		(910	)		(961	)		(1,938	)		(1,871	)
	22	Ending balance	$	13,669		$	14,022		$	13,874		$	12,098		$	11,759		$	11,956		$	14,022		$	11,956
			��

(1)	Amortization of deferred fees for guarantees issued after 2002 is recorded in income on guarantee obligation.
(2)	Represents (a) portions of the guarantee obligation that correspond to incurred credit losses reclassified to reserve for guarantee losses on PCs, and (b) reductions associated with the extinguishment of our previously issued long-term credit guarantees.

8

FREDDIE MAC
DERIVATIVES NOT IN HEDGE ACCOUNTING RELATIONSHIPS
TABLE 4
(unaudited)
(dollars in millions)

																								Six Months Ended June 30,
Line:						1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Derivative Gains (Losses):
		Interest-rate swaps:
			Receive-fixed swaps
	1			Foreign-currency denominated		$	193		$	(490	)	$	228		$	558		$	187		$	(63	)	$	(297	)	$	124
	2			U.S. dollar denominated			9,503			(7,204	)		2,101			25,332			(1,803	)		(10,187	)		2,299			(11,990	)
	3				Total receive-fixed swaps		9,696			(7,694	)		2,329			25,890			(1,616	)		(10,250	)		2,002			(11,866	)
	4		Pay-fixed swaps				(15,133	)		11,259			(5,296	)		(49,125	)		6,705			18,524			(3,874	)		25,229
	5		Basis (floating to floating)				2			(23	)		(54	)		184			1			(116	)		(21	)		(115	)
	6				Total interest-rate swaps		(5,435	)		3,542			(3,021	)		(23,051	)		5,090			8,158			(1,893	)		13,248
		Option-based:
			Call swaptions
	7			Purchased			3,240			(2,542	)		1,824			14,720			(3,387	)		(5,910	)		698			(9,297	)
	8			Written			(6	)		27			(7	)		—			117			94			21			211
			Put swaptions
	9			Purchased			(125	)		72			22			(1,064	)		45			1,002			(53	)		1,047
	10			Written			3			(93	)		154			92			13			(370	)		(90	)		(357	)
	11		Other option-based derivatives(1)				24			(88	)		95			732			25			(240	)		(64	)		(215	)
	12				Total option-based		3,136			(2,624	)		2,088			14,480			(3,187	)		(5,424	)		512			(8,611	)
	13	Futures					647			(154	)		(534	)		(2,033	)		28			(252	)		493			(224	)
	14	Foreign-currency swaps(2)					1,237			(48	)		(1,578	)		(195	)		(573	)		583			1,189			10
	15	Forward purchase and sale commitments					511			(243	)		280			(660	)		(412	)		140			268			(272	)
	16	Credit derivatives					4			10			(2	)		15			1			(6	)		14			(5	)
	17	Swap guarantee derivatives					—			(1	)		(4	)		1			(31	)		9			(1	)		(22	)
	18	Other(3)					—			—			(27	)		—			—			—			—			—
	19			Subtotal			100			482			(2,798	)		(11,443	)		916			3,208			582			4,124
		Accrual of periodic settlements:
	20		Receive-fixed interest-rate swaps(4)				73			648			753			454			1,088			1,380			721			2,468
	21		Pay-fixed interest-rate swaps				(477	)		(1,118	)		(1,128	)		(759	)		(1,942	)		(2,269	)		(1,595	)		(4,211	)
	22		Foreign-currency swaps				57			101			105			56			49			22			158			71
	23		Other				2			2			(12	)		(52	)		70			20			4			90
	24				Total accrual of periodic settlements		(345	)		(367	)		(282	)		(301	)		(735	)		(847	)		(712	)		(1,582	)
	25				Total	$	(245	)	$	115		$	(3,080	)	$	(11,744	)	$	181		$	2,361		$	(130	)	$	2,542

(1)	Primarily represents purchased interest rate caps and floors, purchased put options on agency mortgage-related securities, as well as certain written options, including guarantees of stated final maturity of issued Structured Securities and written call options on agency mortgage-related securities.
(2)	Foreign-currency swaps are defined as swaps in which the net settlement is based on one leg calculated in a foreign-currency and the other leg calculated in U.S. dollars.
(3)	Relates to the bankruptcy of Lehman Brothers Holdings, Inc. for the third quarter of 2008.
(4)	Includes imputed interest on zero-coupon swaps.

9

FREDDIE MAC
NON-INTEREST EXPENSE
TABLE 5
(unaudited)
(dollars in millions)

															Six Months Ended June 30,
Line:			1Q 2008		2Q 2008		3Q 2008		4Q 2008		1Q 2009		2Q 2009		2008		2009
		Non-Interest Expense:
		Administrative expenses:
	1	Salaries and employee benefits(1)	$	231	$	241	$	133	$	223	$	207	$	221	$	472	$	428
	2	Professional services		72		55		61		74		60		64		127		124
	3	Occupancy expense		15		18		16		18		18		15		33		33
	4	Other administrative expenses		79		90		98		81		87		83		169		170
	5	Total administrative expenses		397		404		308		396		372		383		801		755
	6	Provision for credit losses		1,240		2,537		5,702		6,953		8,791		5,199		3,777		13,990
	7	Real estate owned, or REO, operations expense		208		265		333		291		306		9		473		315
	8	Losses on loans purchased		51		120		252		1,211		2,012		1,199		171		3,211
	9	Securities administrator loss on investment activity(2)		—		—		1,082		—		—		—		—		—
	10	Other expenses		87		108		89		151		78		97		195		175
	11	Total non-interest expense	$	1,983	$	3,434	$	7,766	$	9,002	$	11,559	$	6,887	$	5,417	$	18,446

(1)	In the third quarter of 2008, we partially reversed our short-term performance compensation that had been previously accrued. Thereafter, we incurred short-term compensation at a reduced rate.
(2)	In accordance with PC trust agreements, we manage the funds of the securitization trusts created for administration of remittances on our PCs. To the extent there is an investment loss related to these funds, we, as the administrator, make up the shortfall. We recognized losses during the third quarter of 2008 on loans made to Lehman Brothers Holdings, Inc., on the trusts’ behalf.

10

FREDDIE MAC
CREDIT QUALITY INDICATORS
TABLE 6
(unaudited)
(dollars in millions)

																					Six Months Ended June 30,
Line:			1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Credit Enhancements:
	1	Credit-enhanced percentage of new business purchases		25	%		19	%		23	%		16	%		8	%		6	%		22	%		7	%
	2	Credit-enhanced percentage of total mortgage portfolio(1) (period end)		17	%		18	%		18	%		18	%		17	%		17	%		18	%		17	%
		Delinquencies (at period end):(2)(3)
		Single-family:
		Non-credit-enhanced portfolio
	3	Delinquency rate		0.54	%		0.67	%		0.87	%		1.26	%		1.73	%		2.13	%		0.67	%		2.13	%
	4	Total number of delinquent loans		54,923			68,080			88,786			127,569			174,350			215,078			68,080			215,078
		Credit-enhanced portfolio
	5	Delinquency rate		1.81	%		2.10	%		2.75	%		3.79	%		4.85	%		5.82	%		2.10	%		5.82	%
	6	Total number of delinquent loans		39,942			47,216			62,729			85,719			107,427			125,257			47,216			125,257
		Total single-family portfolio
	7	Delinquency rate		0.77	%		0.93	%		1.22	%		1.72	%		2.29	%		2.78	%		0.93	%		2.78	%
	8	Total number of delinquent loans		94,865			115,296			151,515			213,288			281,777			340,335			115,296			340,335
		Multifamily:
	9	Delinquency rate		0.01	%		0.04	%		0.01	%		0.01	%		0.09	%		0.11	%		0.04	%		0.11	%
	10	Net carrying value of delinquent loans	$	7		$	34		$	12		$	12		$	81		$	102		$	34		$	102
		Foreclosure alternatives(3)(4) (number of units):
	11	Repayment plans		12,387			10,691			10,270			8,714			10,459			7,409			23,078			17,868
	12	Loan modifications(5)		4,246			4,687			8,456			17,695			24,623			15,603			8,933			40,226
	13	Forbearance agreements		817			785			828			1,762			1,853			1,564			1,602			3,417
	14	Pre-foreclosure sales		831			1,252			1,911			2,375			3,093			4,821			2,083			7,914
	15	Total foreclosure alternatives(5)		18,281			17,415			21,465			30,546			40,028			29,397			35,696			69,425
		Non-performing assets(3)(6) (at period end):
	16	Non-performing mortgage loans	$	20,535		$	25,287		$	32,671		$	45,130		$	60,897		$	74,103		$	25,287		$	74,103
	17	REO assets, net		2,214			2,580			3,224			3,255			2,948			3,416			2,580			3,416
	18	Total non-performing assets	$	22,749		$	27,867		$	35,895		$	48,385		$	63,845		$	77,519		$	27,867		$	77,519
		REO Operations Expense:
	19	Single-family	$	(208	)	$	(265	)	$	(333	)	$	(291	)	$	(306	)	$	(1	)	$	(473	)	$	(307	)
	20	Multifamily		—			—			—			—			—			(8	)		—			(8	)
	21	Total	$	(208	)	$	(265	)	$	(333	)	$	(291	)	$	(306	)	$	(9	)	$	(473	)	$	(315	)
		Loan Loss Reserves:(7)
	22	Beginning balance	$	2,822		$	3,872		$	5,813		$	10,220		$	15,618		$	22,678		$	2,822		$	15,618
	23	Provision for credit losses(8)		1,240			2,537			5,702			6,953			8,791			5,199			3,777			13,990
	24	Charge-offs — single-family, net		(163	)		(451	)		(856	)		(815	)		(972	)		(1,840	)		(614	)		(2,812	)
	25	Charge-offs — multifamily, net		—			—			(5	)		(3	)		(2	)		(2	)		—			(4	)
	26	Transfers, net		(27	)		(145	)		(434	)		(737	)		(757	)		(838	)		(172	)		(1,595	)
	27	Ending balance	$	3,872		$	5,813		$	10,220		$	15,618		$	22,678		$	25,197		$	5,813		$	25,197
		Total Credit Losses:(9)
	28	Total credit losses	$	528		$	810		$	1,275		$	1,154		$	1,320		$	1,916		$	1,338		$	3,236
	29	Annualized credit losses / average total mortgage portfolio(10)		11.6 bp			17.3 bp			26.8 bp			24.1 bp			27.7 bp			39.8 bp			14.5 bp			33.8 bp

(1)	Based on the total mortgage portfolio, excluding Freddie Mac Structured Transactions, non-Freddie Mac mortgage-related securities and that portion of Structured Securities that is backed by Ginnie Mae Certificates.
(2)	Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure while multifamily delinquencies are based on net carrying value of mortgages 90 days or more delinquent or in foreclosure. Delinquencies exclude mortgage loans whose original contractual terms have been modified under an agreement with the borrower as long as the borrower complies with the modified contractual terms.
(3)	Based on loans held by us on our consolidated balance sheet as well as those underlying our PCs, Structured Securities and other mortgage guarantees. Foreclosure alternative information excludes Structured Transactions and that portion of Structured Securities that is backed by Ginnie Mae Certificates.
(4)	For more information on our foreclosure alternatives and loss mitigation activities see “Item 7. — CREDIT RISKS — Loss Mitigation Activities” in ourForm 10-K filed March 11, 2009.
(5)	Excludes approximately 16,000 loans during the second quarter of 2009 that entered the three-month trial period payment plans as part of the HAMP process. See “Item 2. — CREDIT RISKS — Loss Mitigation Activities,” in ourForm 10-Q filed August 7, 2009.
(6)	For more information on our non-performing assets see “Item 7. — CREDIT RISKS — Non-Performing Assets” in ourForm 10-K filed March 11, 2009.
(7)	Loan loss reserves equals the sum of allowance for loan losses (consolidated balance sheets — Line 8) and reserve for guarantee losses on Participation Certificates (consolidated balance sheets — Line 24).
(8)	Provision for credit losses includes our provision for losses incurred on our mortgage loans held for investment, which are a component of our mortgage-related investments portfolio, and our provision for guarantee losses incurred on mortgage loans underlying our issued PCs, Structured Securities and other mortgage-related financial guarantees.
(9)	Equal to REO operations income (expense) (Line 21) plus Charge-offs, net (Lines 24 and 25) plus amounts previously transferred to reduce the carrying value of loans purchased under financial guarantees. The previously transferred reserves totaled $105 million and $251 million for the six months ended June 30, 2009 and 2008, respectively. Excludes other market-based credit losses recognized on our consolidated statements of operations, including losses on loans purchased, losses on certain credit guarantees, securities administrator loss on investment activity and other than temporary impairments on our mortgage-related investments portfolio.
(10)	Calculated based on the average total mortgage portfolio, excluding non-Freddie Mac mortgage-related securities and that portion of Structured Securities that is backed by Ginnie Mae Certificates.

11

FREDDIE MAC
SINGLE-FAMILY NON-CREDIT-ENHANCED DELINQUENCY AND FORECLOSURE ACTIVITY BY REGION⁽¹⁾
TABLE 7
(unaudited)

				2Q 2008				3Q 2008				4Q 2008				1Q 2009				2Q 2009
				Number of Loans				Number of Loans				Number of Loans				Number of Loans				Number of Loans
Line:				(in thousands)		Percent(3)		(in thousands)		Percent(3)		(in thousands)		Percent(3)		(in thousands)		Percent(3)		(in thousands)		��	Percent(3)
		Northeast(2)
	1		Total number of loans		2,339				2,341				2,332				2,320				2,289
	2		Delinquent three or more payments		6		0.24%		8		0.35%		12		0.53%		16		0.69%		19			0.83%
	3		Foreclosures approved and in-process		6		0.29%		8		0.34%		10		0.43%		14		0.60%		18			0.80%
	4		Total delinquent loans		12		0.53%		16		0.69%		22		0.96%		30		1.29%		37			1.63%
		Southeast(2)
	5		Total number of loans		1,951				1,955				1,950				1,939				1,940
	6		Delinquent three or more payments		7		0.37%		10		0.50%		16		0.82%		20		1.03%		22			1.16%
	7		Foreclosures approved and in-process		12		0.61%		16		0.81%		21		1.04%		28		1.46%		36			1.84%
	8		Total delinquent loans		19		0.98%		26		1.31%		37		1.86%		48		2.49%		58			3.00%
		North Central(2)
	9		Total number of loans		2,323				2,305				2,289				2,270				2,268
	10		Delinquent three or more payments		6		0.24%		8		0.32%		11		0.49%		14		0.59%		17			0.74%
	11		Foreclosures approved and in-process		8		0.35%		9		0.40%		11		0.49%		16		0.71%		18			0.81%
	12		Total delinquent loans		14		0.59%		17		0.72%		22		0.98%		30		1.30%		35			1.55%
		Southwest(2)
	13		Total number of loans		1,362				1,364				1,361				1,351				1,349
	14		Delinquent three or more payments		2		0.19%		3		0.24%		5		0.40%		6		0.44%		7			0.51%
	15		Foreclosures approved and in-process		3		0.19%		3		0.22%		4		0.28%		5		0.38%		6			0.45%
	16		Total delinquent loans		5		0.38%		6		0.46%		9		0.68%		11		0.82%		13			0.96%
		West(2)
	17		Total number of loans		2,192				2,212				2,218				2,218				2,232
	18		Delinquent three or more payments		7		0.30%		11		0.50%		19		0.86%		26		1.16%		33			1.47%
	19		Foreclosures approved and in-process		11		0.50%		13		0.58%		18		0.81%		29		1.34%		39			1.72%
	20		Total delinquent loans		18		0.80%		24		1.08%		37		1.67%		55		2.50%		72			3.19%
		Total
	21		Total number of loans		10,168				10,177				10,150				10,098				10,078
	22		Delinquent three or more payments		28		0.27%		40		0.39%		64		0.64%		82		0.80%		98			0.97%
	23		Foreclosures approved and in-process		40		0.40%		49		0.48%		64		0.62%		92		0.93%		117			1.16%
	24		Total delinquent loans		68		0.67%		89		0.87%		128		1.26%		174		1.73%		215			2.13%
	25		90-day or more delinquency to REO, transition rate(4)				22.8%				25.4%				25.5%				24.8%					24.7%

(1)	Includes single-family non-credit-enhanced mortgage loans in our mortgage-related investments portfolio and those underlying our guaranteed PCs and Structured Securities issued, but excluding Structured Transactions and that portion of Structured Securities backed by Ginnie Mae Certificates.
(2)	Region Designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA).
(3)	Percentages are calculated based on loan counts.
(4)	Calculated based on all loans that have been reported as 90 days or more delinquent or in foreclosure in the same quarter of the preceding year that have transitioned to REO. The rate excludes other dispositions that can result in a loss, such as short-sales anddeed-in-lieu transactions.

12

FREDDIE MAC
REAL ESTATE OWNED (REO) ACTIVITY
TABLE 8
(unaudited)

																					Six Months Ended June 30,
Line:			1Q 2008			2Q 2008			3Q 2008			4Q 2008			1Q 2009			2Q 2009			2008			2009
		Property Units, by Region:(1)
		Northeast
	1	Beginning Balance		1,474			2,119			2,429			2,793			2,753			2,636			1,474			2,753
	2	Properties Acquired		1,267			1,310			1,485			1,063			1,123			1,827			2,577			2,950
	3	Properties Disposed		(622	)		(1,000	)		(1,121	)		(1,103	)		(1,240	)		(1,283	)		(1,622	)		(2,523	)
	4	Ending Property Inventory		2,119			2,429			2,793			2,753			2,636			3,180			2,429			3,180
		Southeast
	5	Beginning Balance		2,686			3,259			3,924			4,851			5,172			5,689			2,686			5,172
	6	Properties Acquired		1,983			2,614			3,231			2,897			3,555			4,441			4,597			7,996
	7	Properties Disposed		(1,410	)		(1,949	)		(2,304	)		(2,576	)		(3,038	)		(3,634	)		(3,359	)		(6,672	)
	8	Ending Property Inventory		3,259			3,924			4,851			5,172			5,689			6,496			3,924			6,496
		North Central
	9	Beginning Balance		6,121			7,113			7,763			9,050			9,251			8,527			6,121			9,251
	10	Properties Acquired		3,137			3,445			3,995			3,101			2,754			6,143			6,582			8,897
	11	Properties Disposed		(2,145	)		(2,795	)		(2,708	)		(2,900	)		(3,478	)		(3,769	)		(4,940	)		(7,247	)
	12	Ending Property Inventory		7,113			7,763			9,050			9,251			8,527			10,901			7,763			10,901
		Southwest
	13	Beginning Balance		2,230			2,545			2,651			2,924			2,761			2,875			2,230			2,761
	14	Properties Acquired		1,370			1,465			1,616			1,235			1,659			2,094			2,835			3,753
	15	Properties Disposed		(1,055	)		(1,359	)		(1,343	)		(1,398	)		(1,545	)		(1,640	)		(2,414	)		(3,185	)
	16	Ending Property Inventory		2,545			2,651			2,924			2,761			2,875			3,329			2,651			3,329
		West
	17	Beginning Balance		1,883			3,383			5,262			8,474			9,409			9,424			1,883			9,409
	18	Properties Acquired		2,182			3,576			5,556			4,003			4,898			7,493			5,758			12,391
	19	Properties Disposed		(682	)		(1,697	)		(2,344	)		(3,068	)		(4,883	)		(6,117	)		(2,379	)		(11,000	)
	20	Ending Property Inventory		3,383			5,262			8,474			9,409			9,424			10,800			5,262			10,800
		Total
	21	Beginning Balance		14,394			18,419			22,029			28,092			29,346			29,151			14,394			29,346
	22	Properties Acquired		9,939			12,410			15,883			12,299			13,989			21,998			22,349			35,987
	23	Properties Disposed		(5,914	)		(8,800	)		(9,820	)		(11,045	)		(14,184	)		(16,443	)		(14,714	)		(30,627	)
	24	Ending Property Inventory		18,419			22,029			28,092			29,346			29,151			34,706			22,029			34,706
		REO Balance, net (dollars in millions)
		Single-family property, by region(1):
	25	Northeast	$	358		$	381		$	402		$	374		$	337		$	400		$	381		$	400
	26	Southeast		330			373			451			460			459			521			373			521
	27	North Central		619			636			715			720			634			796			636			796
	28	Southwest		253			253			266			255			261			307			253			307
	29	West		654			937			1,365			1,399			1,217			1,357			937			1,357
	30	Total single-family property		2,214			2,580			3,199			3,208			2,908			3,381			2,580			3,381
	31	Total multifamily property		—			—			24			47			40			35			—			35
	32	Total REO Balance, net	$	2,214		$	2,580		$	3,223		$	3,255		$	2,948		$	3,416		$	2,580		$	3,416
										��

(1) Region Designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA).

13