Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 82

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 82
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 — Discontinued hedge related basis adjustments amortization70 — 73 — Interest contracts on debt:Gain (loss) on fair value hedging relationships:Hedged items— (607)— (511)Derivatives designated as hedging instruments— 611 — 519 Interest accruals on hedging instruments— (466)— (874)Discontinued hedge related basis adjustment amortization— (1)— (2)Total impact of fair value hedge accounting$180 ($463)$239 ($868)YTD 2025YTD 2024(In millions)Interest IncomeInterest ExpenseInterest IncomeInterest ExpenseTotal amounts of income and expense line items presented in our condensed consolidated statements of income in which the effects of fair value hedges are recorded:$63,413 ($53,012)$57,449 ($47,762)Interest contracts on mortgage loans held-for-investment:Gain (loss) on fair value hedging relationships:Hedged items1,023 — (1,229)— Derivatives designated as hedging instruments(1,113)— 1,113 — Interest accruals on hedging instruments252 — 474 — Discontinued hedge related basis adjustments amortization136 — 116 — Interest contracts on debt:Gain (loss) on fair value hedging relationships:Hedged items— (1,408)— (377)Derivatives designated as hedging instruments— 1,422 — 392 Interest accruals on hedging instruments— (944)— (1,803)Discontinued hedge related basis adjustment amortization— (12)— (4)Total impact of fair value hedge accounting$298 ($942)$474 ($1,792)

Freddie Mac 2Q 2025 Form 10-Q73

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 8 

The table below presents the cumulative basis adjustments and the carrying amounts of the hedged item by its respective balance sheet line item.Table 8.5 - Cumulative Basis Adjustments Due to Fair Value Hedging June 30, 2025Carrying Amount  Assets / (Liabilities)Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying AmountClosed Portfolio Under the Portfolio Layer Method(In millions)TotalUnder the Portfolio Layer MethodDiscontinued - Hedge RelatedTotal Amount by Amortized Cost Basis