Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 153

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 153
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 Credit Risk for additional information on our credit risk exposure on off-balance sheet arrangements.

Cash Flows

Cash and cash equivalents (including restricted cash and cash equivalents) decreased from $5.5 billion as of June 30, 2024 to $4.3 billion as of June 30, 2025.

Freddie Mac 2Q 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)2Q 20252Q 2024YTD 2025YTD 2024Beginning balance$62,403 $50,463 $59,575 $47,722 Comprehensive income2,408 2,760 5,236 5,501 Capital draw from Treasury— — — — Senior preferred stock dividends declared— — — — Total equity / net worth$64,811 $53,223 $64,811 $53,223 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 stock135,051 123,111 135,051 123,111 

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)June 30, 2025December 31, 2024Total equity$64,811 $59,575 Less:Senior preferred stock72,648 72,648 Preferred stock14,109 14,109 Common equity(21,946)(27,182)Less: Deferred tax assets arising from temporary differences that exceed 10% of CET1 capital and other regulatory adjustments5,125 5,123 Common equity Tier 1 capital(27,071)(32,305)Add: Preferred stock14,109 14,109 Tier 1 capital(12,962)(18,196)Tier