Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 82

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 82
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,546 5,514,546 USDA Securities:    Trading— — 818 818 Total USDA Securities— — 818 818 Loans:Loans held for sale, at lower of cost or fair value— 6,160 — 6,160 Total Loans— 6,160 — 6,160 Financial derivatives47 27,742 — 27,789 Guarantee Asset— — 5,382 5,382 Total Assets at fair value$1,289,893 $4,677,594 $5,540,222 $11,507,709 Liabilities:    Financial derivatives$— $77,326 $— $77,326 Total Liabilities at fair value$— $77,326 $— $77,326 (1) Level 3 assets represent 18% of total assets and 48% of financial instruments measured at fair value.

180

Assets and Liabilities Measured at Fair Value as of December 31, 2023 Level 1Level 2Level 3(1)Total (in thousands)Recurring: Assets:    Investment Securities:    Available-for-sale:    Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,082 $19,082 Floating rate Government/GSE guaranteed mortgage-backed securities— 2,424,434 — 2,424,434 Fixed rate GSE guaranteed mortgage-backed securities— 1,569,615 — 1,569,615 Floating rate U.S. Treasuries49,968 — — 49,968 Fixed rate U.S. Treasuries855,832 — — 855,832 Total Available-for-sale Investment Securities905,800 3,994,049 19,082 4,918,931 Farmer Mac Guaranteed Securities:    Available-for-sale:    AgVantage— — 5,522,712 5,522,712 Farmer Mac Guaranteed Securities— — 9,767 9,767 Total Farmer Mac Guaranteed Securities— — 5,532,479 5,532,479 USDA Securities:    Trading— — 1,241 1,241 Total USDA Securities— — 1,241