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               Table of Contents


               (U) Executive Summary ................................................................................................................. 1



               I.    (U) Introduction ..................................................................................................................... 4



               II.   (U) NSA’s Collection of CDRs under the USA Freedom Act ............................................ 13



               III.  (U) Operational Use of the USA Freedom Act CDR Program ............................................ 25




               IV. (U) Legal Analysis ............................................................................................................... 33



               V.    (U) Analysis of Privacy Risks.............................................................................................. 53



               VI. (U) Statement of Chairman Adam Klein ............................................................................. 59



               VII. (U) Statement of Board Members Ed Felten and Travis LeBlanc ....................................... 68



               VIII. (U) Statement of Board Members Aditya Bamzai and Jane Nitze ...................................... 79




               (U) Appendix A ............................................................................................................................ 86



               (U) Appendix B............................................................................................................................. 97




















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