FEDERAL

42 Fannie Mae, “Net Worth,” Form 10-Q for the
Quarterly Period Ended June 30, 2013, at 4.
Accessed: August 19, 2013, at www.fanniemae.
com/resources/file/ir/pdf/quarterly-annualresults/2013/q22013.pdf.
43 Freddie Mac, “Table 29 — Changes in Total
Equity (Deficit),” Form 10-Q for the Quarterly
Period Ended June 30, 2013, at 51. Accessed:
August 19, 2013, at http://api40.10kwizard.
com/cgi/convert/pdf/FMCC-20130807-
10Q-20130630.pdf?ipage=9066647&xml
=1&quest=1&rid=23&section=1&sequen
ce=-1&pdf=1&dn=1.
44 Federal Housing Finance Agency, “Table 1:
Quarterly Draws on Treasury Commitments
to Fannie Mae and Freddie Mac per the Senior
Preferred Stock Purchase Agreements,” “Table 2:
Dividends on Enterprise Draws from Treasury,”
Data as of August 8, 2013 on Treasury and Federal
Reserve Purchase Programs for GSE and Mortgage-
Related Securities, at 2, 3. Accessed: August
20, 2013, at www.fhfa.gov/webfiles/25444/
TSYSupport%202013-08-08.pdf.
45 Id., “Table 2: Dividends on Enterprise Draws
from Treasury,” at 3.
46 Federal Housing Finance Agency, “Enterprises,”
2012 Report to Congress, at iii (June 13, 2013).
Accessed: August 19, 2013, at www.fhfa.gov/
webfiles/25320/FHFA2012_AnnualReport-508.
pdf.
47 Federal Housing Finance Agency, “Table 3:
Treasury Purchases of Freddie Mac and Fannie
Mae MBS,” “Table 4: Federal Reserve GSE and
Ginnie Mae MBS Purchase Program,” “Table 5:
Federal Reserve Purchases of GSE Debt,” Data as
of August 8, 2013 on Treasury and Federal Reserve
Purchase Programs for GSE and Mortgage-Related
Securities, at 4, 5, 6, 7, 8. Accessed: August
20, 2013, at www.fhfa.gov/webfiles/25444/
TSYSupport%202013-08-08.pdf.
48 Diana Hancock and Wayne Passmore, Board
of Governors of the Federal Reserve System,
“The Structure of the U.S. Secondary Mortgage
Market: Late-2008 through Early 2010,” Did
the Federal Reserve’s MBS Purchase Program Lower
Mortgage Rates? Accessed: August 20, 2013, at
www.federalreserve.gov/pubs/feds/2011/201101/
index.html.
49 Federal Housing Finance Agency, “GSE
Mortgage-Backed Securities Purchase Facility,”
Mortgage Market Note 10-1 (Update of Mortgage
Market Notes 09-1 and 09-1A), at 5 (January 20,
2010). Accessed: August 27, 2013, at www.fhfa.
gov/webfiles/15362/MMNote_10-1_revision_of_
MMN_09-1A_01192010.pdf. Federal Housing
Finance Agency, “Table 4: Federal Reserve GSE
and Ginnie Mae MBS Purchase Program,” “Table
5: Federal Reserve Purchases of GSE Debt,”
Data as of August 8, 2013 on Treasury and Federal
Reserve Purchase Programs for GSE and Mortgage-
Related Securities, at 5, 6, 7, 8. Accessed: August
27, 2013, at www.fhfa.gov/webfiles/25444/
TSYSupport%202013-08-08.pdf.
50 Federal Home Loan Banks Office of Finance,
“Overview,” Combined Financial Report for the
Quarterly Period Ended June 30, 2013, at 3.
Accessed: August 16, 2013, at www.fhlb-of.com/
ofweb_userWeb/resources/13Q2end.pdf.
51 Id., “Background Information,” at F-8.
52 Federal Home Loan Banks, Overview: The Federal
Home Loan Banks. Accessed: July 29, 2013, at
www.fhlbanks.com/overview_whyfhlb.htm.
122 Federal Housing Finance Agency Office of Inspector General