Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 46

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 46
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(65,167)4.54%3.67%2.65Cash flow hedges:Interest rate swaps:Pay fixed non-callable540,000 16,903 (2)1.92%4.87%3.43No hedge designation:Interest rate swaps:Pay fixed non-callable157,776 819 (1)2.92%4.75%3.40Receive fixed non-callable1,803,328 48 (2)4.52%4.43%0.30Basis swaps655,384 8 (354)4.69%4.52%3.83Treasury futures29,900 46 — 108.91Netting adjustments(1)— (462)462 Total financial derivatives$24,896,331 $27,789 $(77,326)      (1)Amounts represent the application of the netting requirements that allow Farmer Mac to settle positive and negative positions, including accrued interest, held or placed with the same clearing agent. 

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  As of December 31, 2023  Fair ValueWeighted-AveragePay RateWeighted-Average Receive RateWeighted-AverageForwardPriceWeighted-AverageRemainingTerm (in years)  Notional AmountAsset(Liability)  (dollars in thousands)Fair value hedges:Interest rate swaps:Receive fixed non-callable$9,776,685 $2,350 $(20,390)5.57%2.94%1.78Pay fixed non-callable9,174,253 7,767 (1,081)2.50%5.47%9.57Receive fixed callable3,879,827 7,374 (95,984)5.40%3.40%2.48Cash flow hedges:Interest rate swaps:Pay fixed non-callable558,000 20,234 (43)1.94%5.82%4.30No hedge designation:Interest rate swaps:Pay fixed non-callable160,623 676 (29)2.92%5.64%4.34Receive fixed non-callable1,358,396 263 (3)5.44%4.87%0.64Basis swaps850,384 39 (746)5.52%5.48%3.83Treasury