Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 105

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 105
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2025 Form 10-Q6

Management's Discussion and AnalysisConsolidated Results of Operations

Net Interest Yield Analysis

The table below presents a yield analysis of interest-earning assets and interest-bearing liabilities. 

Table 3 - Analysis of Net Interest Yield1Q 20251Q 2024(Dollars in millions)AverageBalanceInterestIncome(Expense)AverageRateAverageBalanceInterestIncome(Expense)AverageRateInterest-earning assets:Cash and cash equivalents$9,355 $79 3.38 %$12,141 $125 4.09 %Securities purchased under agreements to resell111,687 1,240 4.44 111,796 1,532 5.48 Investment securities55,955 620 4.43 41,293 470 4.56 Mortgage loans(1)3,200,240 29,395 3.67 3,100,111 26,229 3.38 Other assets2,055 31 5.98 1,784 29 6.48 Total interest-earning assets3,379,292 31,365 3.71 3,267,125 28,385 3.47 Interest-bearing liabilities:Debt of consolidated trusts3,125,203 (24,059)(3.08)3,035,073 (21,122)(2.78)Debt of Freddie Mac189,394 (2,204)(4.66)180,850 (2,504)(5.53)Total interest-bearing liabilities3,314,597 (26,263)(3.17)3,215,923 (23,626)(2.94)Impact of net non-interest-bearing funding64,695 — 0.06 51,202 — 0.05 Total funding of interest-earning assets3,379,292 (26,263)(3.11)3,267,125 (23,626)(2.89)Net interest income/yield$5,102 0.60 %$4,759 0.58 %

(1)Loan fees included in net interest income were $0.3 billion during both 1Q 2025 and 1Q 2024.

Non-Interest Income

The table below presents the components of non-interest income.

Table 4 - Components of