Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 142

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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ed-Average Receive RateWeighted-AverageForwardPriceWeighted-AverageRemainingTerm (in years)  Notional AmountAsset(Liability)  (dollars in thousands)Fair value hedges:Interest rate swaps:Receive fixed non-callable$6,668,512 $771 $(8,174)4.65%3.40%1.53Pay fixed non-callable9,777,601 108 (11,160)2.75%4.48%9.01Receive fixed callable4,890,883 13,666 (44,321)4.47%3.79%2.81Cash flow hedges:Interest rate swaps:Pay fixed non-callable518,000 13,602 (184)1.90%4.83%3.32No hedge designation:Interest rate swaps:Pay fixed non-callable166,769 588 (48)2.89%4.67%3.21Receive fixed non-callable1,340,287 7 (4)4.44%4.26%0.27Basis swaps640,384 7 (378)4.61%4.50%3.67Treasury futures6,700 1 (3)111.20Netting adjustments(1)— (883)883 Total financial derivatives$24,009,136 $27,867 $(63,389)      (1)Amounts represent the application of the netting requirements that allow Farmer Mac to settle positive and negative positions, including accrued interest, held or placed with the same clearing agent. 

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  As of December 31, 2024  Fair ValueWeighted-AveragePay RateWeighted-Average Receive RateWeighted-AverageForwardPriceWeighted-AverageRemainingTerm (in years)  Notional AmountAsset(Liability)  (dollars in thousands)Fair value hedges:Interest rate swaps:Receive fixed non-callable$7,460,685 $174 $(12,165)4.71%3.40%1.53Pay fixed non-callable9,657,181 5,134 (97)2.67%4.56%9.12Receive fixed callable4,592,077 5,119 (65,167)4.54%3.67%2.65