FMCCT: the cash flow

Cash Flow Overview

Change in Cash

-$148M

Unit: Million (M) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Net interest income

21,403

Guarantee income

1,592

Investment gains (losses), net

-209

Other income (loss)

485

(provision) benefit for credit losses

1,290

Non-interest expense

8,620

Income tax expense

2,630

Net income

10,731

Amortization of cost basis adjustments

1,135

Provision (benefit) for credit losses

1,290

Investment gains, net

228

Deferred income tax expense and changes in income taxes receivable/payable

230

Purchases

7,685

Proceeds from sales and repayments

16,292

Accrued interest receivable

1,225

Accrued interest payable

771

Other, net

-1,938

Net cash provided by (used in) operating activities

2,758

3,868

2,578

16,795

Purchases of investment securities

22,396

18,278

23,448

74,585

Proceeds from sales of investment securities

11,240

22,518

18,838

40,915

Proceeds from maturities and repayments of investment securities

2,528

4,603

3,094

3,895

Purchases of mortgage loans acquired held-for-investment

61,094

47,973

68,538

118,732

Proceeds from sales of mortgage loans acquired held-for-investment

280

443

892

2,593

Proceeds from repayments of mortgage loans acquired held-for-investment

98,638

98,902

103,625

230,251

Advances under secured lending arrangements

32,717

38,303

43,185

99,028

Net (increase) decrease in securities purchased under agreements to resell

22,139

-750

13,378

16,582

Cash flows related to derivatives

-383

-387

-402

1,234

Other, net

266

108

347

624

Net cash provided by (used in) investing activities

18,735

21,441

4,711

Proceeds from issuance-Variable Interest Entity Primary Beneficiary

103,185

100,854

97,465

205,725

Repayments and redemptions-Variable Interest Entity Primary Beneficiary

112,734

112,410

109,066

240,143

Proceeds from issuance-Parent Company

9,697

48,476

55,489

121,427

Repayments and redemptions-Parent Company

21,814

48,693

56,312

111,234

Net increase (decrease) in borrowings with original maturity of three months or less

-333

-12,258

4,841

9,250

Net increase (decrease) in securities sold under agreements to repurchase

359

-2,135

998

-2,759

Other, net

-1

-4

Net cash provided by (used in) financing activities

-21,641

-26,167

-6,586

-17,738

Net increase (decrease) in cash and cash equivalents (includes restricted cash and cash equivalents)

-148

-858

703

-910

Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year

4,469

5,327

4,624

5,534

Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period

4,321

4,469

5,327

4,624

Time Plot

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Cash Flow Overview

Change in Cash

-$148M

Unit: Million (M) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Net interest income

21,403

Guarantee income

1,592

Investment gains (losses), net

-209

Other income (loss)

485

(provision) benefit for credit losses

1,290

Non-interest expense

8,620

Income tax expense

2,630

Net income

10,731

Amortization of cost basis adjustments

1,135

Provision (benefit) for credit losses

1,290

Investment gains, net

228

Deferred income tax expense and changes in income taxes receivable/payable

230

Purchases

7,685

Proceeds from sales and repayments

16,292

Accrued interest receivable

1,225

Accrued interest payable

771

Other, net

-1,938

Net cash provided by (used in) operating activities

2,758

3,868

2,578

16,795

Purchases of investment securities

22,396

18,278

23,448

74,585

Proceeds from sales of investment securities

11,240

22,518

18,838

40,915

Proceeds from maturities and repayments of investment securities

2,528

4,603

3,094

3,895

Purchases of mortgage loans acquired held-for-investment

61,094

47,973

68,538

118,732

Proceeds from sales of mortgage loans acquired held-for-investment

280

443

892

2,593

Proceeds from repayments of mortgage loans acquired held-for-investment

98,638

98,902

103,625

230,251

Advances under secured lending arrangements

32,717

38,303

43,185

99,028

Net (increase) decrease in securities purchased under agreements to resell

22,139

-750

13,378

16,582

Cash flows related to derivatives

-383

-387

-402

1,234

Other, net

266

108

347

624

Net cash provided by (used in) investing activities

18,735

21,441

4,711

Proceeds from issuance-Variable Interest Entity Primary Beneficiary

103,185

100,854

97,465

205,725

Repayments and redemptions-Variable Interest Entity Primary Beneficiary

112,734

112,410

109,066

240,143

Proceeds from issuance-Parent Company

9,697

48,476

55,489

121,427

Repayments and redemptions-Parent Company

21,814

48,693

56,312

111,234

Net increase (decrease) in borrowings with original maturity of three months or less

-333

-12,258

4,841

9,250

Net increase (decrease) in securities sold under agreements to repurchase

359

-2,135

998

-2,759

Other, net

-1

-4

Net cash provided by (used in) financing activities

-21,641

-26,167

-6,586

-17,738

Net increase (decrease) in cash and cash equivalents (includes restricted cash and cash equivalents)

-148

-858

703

-910

Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year

4,469

5,327

4,624

5,534

Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period

4,321

4,469

5,327

4,624

Time Plot

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