Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 181

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 181
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NOTE 13

Fair Value DisclosuresWe use fair value measurements for the initial recording of certain assets and liabilities and periodic remeasurement of certain assets and liabilities on a recurring or non-recurring basis.

Assets and Liabilities Measured at Fair Value on a Recurring BasisThe table below presents our assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis subsequent to initial recognition, including instruments where we have elected the fair value option.Table 13.1 - Assets and Liabilities Measured at Fair Value on a Recurring BasisMarch 31, 2025(In millions)Level 1Level 2Level 3Netting Adjustments(1)TotalAssets:Investment securities:Available-for-sale$— $3,276 $584 $— $3,860 Trading:Mortgage-related securities— 6,255 3,060 — 9,315 Non-mortgage-related securities45,451 428 — — 45,879 Total trading securities45,451 6,683 3,060 — 55,194 Total investment securities45,451 9,959 3,644 — 59,054 Mortgage loans held-for-sale— 10,408 155 — 10,563 Mortgage loans held-for-investment— 1,888 737 — 2,625 Other assets: Guarantee assets— — 5,100 — 5,100  Derivative assets, net6 5,886 70 (5,113)849  Other assets— 40 221 — 261  Total other assets6 5,926 5,391 (5,113)6,210 Total assets carried at fair value on a recurring basis$45,457 $28,181 $9,927 ($5,113)$78,452 Liabilities:Debt:Debt of consolidated trusts$— $2,947 $17 $— $2,964 Debt of Freddie Mac— 214 100 — 314 Total debt— 3,161 117 — 3,278 Other liabilities:Derivative liabilities, net— 6,120 87 (5,392)815 Other liabilities— — — — — Total other liabilities— 6,120 87