Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 178

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 178
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 million and $15.8 million of accrued interest receivable and $3.0 million and $4.9 million of accrued interest payable on uncleared swaps as of June 30, 2025 and December 31, 2024, respectively. The aforementioned accrued interest on uncleared swaps is included within Accrued Interest Receivable and Accrued Interest Payable on the Consolidated Balance Sheets.Table 4.1   As of June 30, 2025  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$6,408,185 $2,175 $(5,695)4.68%3.43%1.45Pay fixed non-callable10,009,135 136 (15,527)2.79%4.51%8.75Receive fixed callable4,834,383 18,655 (33,969)4.52%3.75%2.85Cash flow hedges:Interest rate swaps:Pay fixed non-callable498,000 11,398 (295)1.87%4.85%3.20No hedge designation:Interest rate swaps:Pay fixed non-callable151,854 493 (109)2.97%4.71%3.27Receive fixed non-callable1,563,231 104 (6)4.49%4.13%0.46Basis swaps640,384 — (386)4.65%4.51%3.42Treasury futures12,500 — (21)111.96Netting adjustments(1)— (2,311)2,311 Total financial derivatives$24,117,672 $30,650 $(53,697)      (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, 2024  Fair ValueWeighted-AveragePay RateWeighted-Average Receive RateWeighted-AverageForwardPriceWeighted-AverageRemainingTerm (in