Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 175

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 175
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:Gain (loss) on fair value hedging relationships:Hedged items— (801)— 134 Derivatives designated as hedging instruments— 811 — (127)Interest accruals on hedging instruments— (478)— (929)Discontinued hedge related basis adjustment amortization— (11)— (2)Total impact of fair value hedge accounting$118 ($479)$235 ($924)

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 HedgingMarch 31, 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 BasisDesignated Amount by UPBMortgage loans held-for-investment$1,127,264 ($3,148)($386)($2,762)$47,734 $9,155 Mortgage loans held-for-sale138 1 — 1 — — Debt(105,529)3,252 — 16 — — December 31, 2024Carrying 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 BasisDesignated Amount by UPBMortgage loans held-for-investment$1,117,060 ($3,909)($695)($3,214)$56,394 $12,070 Debt(107,241)4,050 — 19 — — 

Freddie Mac 1Q 2025 Form 10-Q68

Financial Statements                       Notes to the Condensed Consolidated Financial Statements | Note 9

NOTE 9 

Collateralized AgreementsSecurities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

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.Table 9.1 - Off