DAVID M. MOFFETT

Chief Executive Officer

David M. Moffett joined Freddie Mac as chief executive officer when the company was placed under the conservatorship of its regulator, the Federal Housing Finance Agency (FHFA), in September 2008. He was selected to provide leadership for the company during one of the toughest housing markets in decades and is working in cooperation with the FHFA to strengthen the company and help bring stability to the nation's housing market.

Moffett retired as vice chairman and chief financial officer of U.S. Bancorp in 2007, having served the company in this capacity since 1993. From 1998 to 2001, he was also responsible for the company's asset management, wealth management, trust, and fiduciary activities. Since his retirement from U.S. Bancorp, Moffett served as a senior advisor at The Carlyle Group focused on opportunities in the global financial services sector.

Prior to joining U.S. Bancorp, Moffett was a senior vice president and assistant treasurer in Corporate Treasury at BankAmerica Corporation, San Francisco, CA. Moffett joined BankAmerica in 1992 as a result of the merger with Los Angeles-based Security Pacific Corporation where he served as senior vice president and director of Corporate Treasury since 1990. He joined Security Pacific National Bank in 1989 as a senior vice president responsible for the lead bank's domestic and international treasury group.

Moffett was ranked among the top three CFOs in the banking industry in Institutional Investor magazine, February 2005.

Previously, Moffett was chairman of the CFO Council of the Financial Services Roundtable in Washington, D.C.; a financial services industry advisor of Standard & Poors Rating Service in New York; a financial services industry advisor of Moody's Rating Service in New York; a board member of MBIA Insurance Corporation; and a member of the CFO Roundtable, Bank Administration Institute in Chicago.

Moffett holds a bachelor's degree in economics from the University of Oklahoma and a master's degree in business administration from Southern Methodist University. He is also a graduate of the Stonier Graduate School of Banking, Rutgers University. Moffett serves on the Boards of Directors of eBay, Inc., E.W. Scripps, Inc., and Building Materials Holding Corporation. He is also affiliated with the Board of Advisors of the Michael F. Price School of Business, University of Oklahoma.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

09/08