Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 271

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 271
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 2023, respectively. We did not repledge collateral at December 31, 2024 and we repledged $0.4 billion of collateral at December 31, 2023. 

The table below presents the remaining contractual maturity of our gross obligations for our securities sold under agreements to repurchase. The collateral for such obligations consisted primarily of U.S. Treasury securities.Table 10.2 - Remaining Contractual MaturityDecember 31,(In millions)20242023Overnight and continuous$— $— 30 days or less8,220 10,245 After 30 days through 90 days— — Greater than 90 days— — Total$8,220 $10,245 

Collateral Pledged 

The table below summarizes the fair value of the securities pledged as collateral by us for derivatives and collateralized borrowing transactions, including securities that the secured party may repledge.Table 10.3 - Collateral in the Form of Securities PledgedDecember 31,(In millions)20242023Trading securities$9,559 $7,902 Other assets— 4,555 Total $9,559 $12,457 

FREDDIE MAC  |  2024 Form 10-K181

Financial Statements                               Notes to Consolidated Financial Statements | Note 11

NOTE 11

Stockholders' Equity and Earnings Per Share

Senior Preferred StockPursuant to the Purchase Agreement described in Note 2, we issued one million shares of senior preferred stock to Treasury on September 8, 2008, in partial consideration of Treasury's commitment to provide funds to us.Shares of the senior preferred stock have a par value of $1 and have a stated value and initial liquidation preference of $1 billion, or $1,000 per share. The liquidation preference of the senior preferred stock is subject to adjustment. See Note 2 for a detailed discussion of the liquidation preference of the senior preferred stock.Treasury, as the holder of the senior preferred stock, is entitled to receive quarterly cash dividends, when, as, and if declared by our Board of Directors. The dividends we have paid to Treasury on the senior preferred stock have been declared by, and paid at the direction of, the Conservator, acting as successor to the rights, titles, powers, and privileges of the Board of Directors. See Note 2 for additional information concerning our