Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 270

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 270
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2.8 billion and $1.1 billion, respectively, of our securities purchased under agreements to resell were used to provide financing to investors in Freddie Mac securities.Securities sold under agreements to repurchase are effectively collateralized borrowings where we sell securities with an agreement to repurchase such securities at a future date. We are required to pledge the sold securities to the counterparties to these transactions as collateral for our obligation to repurchase these securities at a later date. Similar to the securities purchased under agreements to resell transactions, these transactions involve the legal transfer of securities. However, they are accounted for as secured financings because the transferor does not relinquish effective control over the securities transferred. These agreements may allow our counterparties to repledge all or a portion of the collateral.We offset payables related to securities sold under agreements to repurchase against receivables related to securities purchased under agreements to resell when such amounts meet the conditions for balance sheet offsetting. The table below presents offsetting and collateral information related to securities purchased under agreements to resell, and securities sold under agreements to repurchase which are subject to enforceable master netting agreements or similar arrangements.

FREDDIE MAC  |  2024 Form 10-K180

Financial Statements                               Notes to Consolidated Financial Statements | Note 10

Table 10.1 - Offsetting and Collateral Information of Certain Financial Assets and LiabilitiesDecember 31, 2024December 31, 2023AssetsLiabilitiesAssetsLiabilities(In millions)Securities purchased under agreements to resellSecurities sold under agreements to repurchaseSecurities purchased under agreements to resellSecurities sold under agreements to repurchaseGross amount recognized$108,338 ($8,220)$105,393 ($10,245)Amount offset in the consolidated balance sheets(8,220)8,220 (10,245)10,245 Net amount presented in the consolidated balance sheets100,118 — 95,148 — Gross amount not offset in the consolidated balance sheets(1)(100,118)— (95,148)— Net amount$— $— $— $— 

(1)For securities purchased under agreements to resell, includes $104.9 billion and $104.2 billion of collateral that we had the right to repledge as of December 31, 2024 and December 31,