Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 280

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 280
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 2010, we delisted our common stock and 20 previously listed classes of preferred stock from the NYSE as directed by our Conservator.Our common stock and the classes of preferred stock that were previously listed on the NYSE are traded exclusively in the OTCQB Marketplace. Shares of our common stock trade under the ticker symbol FMCC. We expect that our common stock and the previously listed classes of preferred stock will continue to trade in the OTCQB Marketplace so long as market makers demonstrate an interest in trading the common and preferred stock.

FREDDIE MAC  |  2024 Form 10-K185

Financial Statements                               Notes to Consolidated Financial Statements | Note 12

NOTE 12

Net Interest IncomeThe table below presents the components of net interest income per our consolidated statements of income.

Table 12.1 - Components of Net Interest Income Year Ended December 31,(In millions)202420232022Interest incomeMortgage loans$109,117 $96,985 $79,826 Investment securities2,069 1,571 1,640 Securities purchased under agreements to resell6,083 6,135 1,718 Other608 672 274 Total interest income117,877 105,363 83,458 Interest expenseDebt of consolidated trusts(88,227)(76,703)(61,404)Debt of Freddie Mac:Short-term debt(966)(789)(238)Long-term debt(8,947)(9,329)(3,811)Total interest expense(98,140)(86,821)(65,453)Net interest income19,737 18,542 18,005 (Provision) benefit for credit losses(476)872 (1,841)Net interest income after (provision) benefit for credit losses$19,261 $19,414 $16,164 

FREDDIE MAC  |  2024 Form 10-K186

Financial Statements                                 Notes to Consolidated Financial Statements | Note 13

NOTE 13

Income TaxesIncome Tax ExpenseTotal income tax expense includes: n    Current income tax expense, which represents the amount of federal tax paid or payable to (or refundable from) the Internal Revenue Service, including interest and penalties and amounts accrued for unrecognized tax benefits, if any, andn    Deferred income tax expense, which represents the net change in the deferred