Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 268

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 268
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:Gain (loss) on fair value hedging relationships:Hedged items— (1,816)— (3,080)— 7,130 Derivatives designated as hedging instruments— 1,831 — 3,084 — (7,267)Interest accruals on hedging instruments— (3,261)— (4,065)— (1,053)Discontinued hedge related basis adjustment amortization— (8)— (377)— (8)Total impact of fair value hedge accounting$869 ($3,254)$963 ($4,438)($1,190)($1,198)

The table below presents the cumulative basis adjustments and the carrying amounts of the hedged item by its respective balance sheet line item.  Table 9.5 - Cumulative Basis Adjustments Due to Fair Value HedgingDecember 31, 2024Carrying Amount  Assets / (Liabilities)Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying AmountClosed Portfolio Under the Portfolio Layer Method(In millions)TotalUnder the Portfolio Layer MethodDiscontinued - Hedge RelatedTotal Amount by Amortized Cost BasisDesignated Amount by UPBMortgage loans held-for-investment$1,117,060 ($3,909)($695)($3,214)$56,394 $12,070 Debt(107,241)4,050 — 19 — — December 31, 2023Carrying Amount  Assets / (Liabilities)Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying AmountClosed Portfolio Under the Portfolio Layer Method(In millions)TotalUnder the Portfolio Layer MethodDiscontinued - Hedge RelatedTotal Amount by Amortized Cost BasisDesignated Amount by UPBMortgage loans held-for-investment$1,115,454 ($2,253)($220)($2,033)$59,786 $11,670 Mortgage loans held-for-sale128 1 — 1 — — Debt(143,407)5,821 — 29 — — 

FREDDIE MAC  |  2024 Form 10-K179

Financial Statements                               Notes to Consolidated Financial Statements | Note 10

NOTE 10 Collateralized AgreementsSecurities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase