Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 39

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 15
Chunk 39
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 cash equivalents) decreased from $4.9 billion as of September 30, 2024 to $4.6 billion as of September 30, 2025.

Freddie Mac 3Q 2025 Form 10-Q36

Management's Discussion and AnalysisLiquidity and Capital Resources

Capital Resources

The table below presents activity related to our net worth.

Table 35 - Net Worth Activity(In millions)3Q 20253Q 2024YTD 2025YTD 2024Beginning balance$64,811 $53,223 $59,575 $47,722 Comprehensive income2,789 3,167 8,025 8,668 Capital draw from Treasury— — — — Senior preferred stock dividends declared— — — — Total equity / net worth$67,600 $56,390 $67,600 $56,390 Remaining Treasury funding commitment$140,162 $140,162 $140,162 $140,162 Aggregate draws under Purchase Agreement71,648 71,648 71,648 71,648 Aggregate cash dividends paid to Treasury119,680 119,680 119,680 119,680 Liquidation preference of the senior preferred stock137,459 125,871 137,459 125,871 

ERCF

For a description of our capital requirements under the ERCF, including the amended provisions, see the MD&A - Regulation and Supervision section in our 2024 Annual Report.

Capital Metrics

The table below presents the components of our regulatory capital.

Table 36 - Regulatory Capital Components

(In millions)September 30, 2025December 31, 2024Total equity$67,600 $59,575 Less:Senior preferred stock72,648 72,648 Preferred stock14,109 14,109 Common equity(19,157)(27,182)Less: Deferred tax assets arising from temporary differences that exceed 10% of CET1 capital and other regulatory adjustments4,845 5,123 Common equity Tier 1 capital(24,002)(32,305)Add: Preferred stock14,109 14,109 Tier 1 capital(9,893)(18,196)Tier 2 capital adjustments— — Adjusted total capital($9,893)($18,196)

The table below presents the components of our statutory