Pledged Assets (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Pledged Assets [Abstract] |
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| Schedule of Securities and Cash Pledged as Collateral from Counterparties [Table Text Block] |
As of June 30, 2026 and December 31, 2025, we had assets pledged to us from counterparties as collateral under our reverse repurchase and derivative agreements summarized in the tables below (in millions). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Assets Pledged to AGNC | | Reverse Repurchase Agreements | | Derivative Agreements | | Repurchase Agreements | | Total | | Reverse Repurchase Agreements | | Derivative Agreements | | Repurchase Agreements | | Total | | Agency securities - fair value | | $ | — | | | $ | — | | | $ | 37 | | | $ | 37 | | | $ | — | | | $ | — | | | $ | 33 | | | $ | 33 | | | U.S. Treasury securities - fair value | | 18,242 | | | — | | | 21 | | | 18,263 | | | 16,429 | | | — | | | 10 | | | 16,439 | | Cash | | — | | | 100 | | | 31 | | | 131 | | | — | | | 100 | | | 19 | | | 119 | | | Total | | $ | 18,242 | | | $ | 100 | | | $ | 89 | | | $ | 18,431 | | | $ | 16,429 | | | $ | 100 | | | $ | 62 | | | $ | 16,591 | |
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| Schedule of Financial Instruments Owned and Pledged as Collateral |
The following tables summarize our assets pledged as collateral under our funding, derivative and brokerage and clearing agreements by type, including securities pledged related to securities sold but not yet settled, as of June 30, 2026 and December 31, 2025 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | Assets Pledged to Counterparties 1 | | Repurchase Agreements | | Debt of
Consolidated
VIEs | | Derivative Agreements and Other | | Total | | Agency RMBS - fair value | | $ | 80,952 | | | $ | — | | | $ | 10 | | | $ | 80,962 | | CRT - fair value | | 525 | | | — | | | — | | | 525 | | Non-Agency - fair value | | 8 | | | — | | | — | | | 8 | | U.S. Treasury securities - fair value | | 10,725 | | | — | | | 579 | | | 11,304 | | Accrued interest on pledged securities | | 496 | | | — | | | 7 | | | 503 | | | Restricted cash | | 36 | | | — | | | 1,293 | | | 1,329 | | | Total | | $ | 92,742 | | | $ | — | | | $ | 1,889 | | | $ | 94,631 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | Assets Pledged to Counterparties 1 | | Repurchase Agreements 2 | | Debt of
Consolidated
VIEs | | Derivative Agreements and Other | | Total | | Agency RMBS - fair value | | $ | 74,213 | | | $ | 85 | | | $ | 115 | | | $ | 74,413 | | CRT - fair value | | 558 | | | — | | | — | | | 558 | | Non-Agency - fair value | | 13 | | | — | | | — | | | 13 | | U.S. Treasury securities - fair value | | 12,636 | | | — | | | 440 | | | 13,076 | | Accrued interest on pledged securities | | 430 | | | — | | | 4 | | | 434 | | | Restricted cash | | 44 | | | — | | | 1,248 | | 1,292 | | | Total | | $ | 87,894 | | | $ | 85 | | | $ | 1,807 | | | $ | 89,786 | |
________________________________ 1.Includes repledged assets received as collateral from counterparties and securities sold but not yet settled. 2.Includes $30 million of retained interests in our consolidated VIEs pledged as collateral under repurchase agreements as of December 31, 2025.
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| Offsetting Assets and Liabilities |
The following tables present information about our assets and liabilities that are subject to master netting arrangements and can potentially be offset on our consolidated balance sheets as of June 30, 2026 and December 31, 2025 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Offsetting of Financial and Derivative Assets | | | | Gross Amounts of Recognized Assets | | Gross Amounts Offset in the Consolidated Balance Sheets | | Net Amounts of Assets Presented in the Consolidated Balance Sheets | | Gross Amounts Not Offset
in the
Consolidated Balance Sheets | | Net Amount | | | | | | Financial Instruments | | Collateral Received 2 | | | June 30, 2026 | | | | | | | | | | | | | Interest rate swap and swaption agreements, at fair value 1 | | $ | 142 | | | $ | — | | | $ | 142 | | | $ | — | | | $ | (31) | | | $ | 111 | | TBA securities, at fair value 1 | | 76 | | | — | | | 76 | | | (24) | | | (52) | | | — | | | Receivable under reverse repurchase agreements | | 18,433 | | | — | | | 18,433 | | | (10,702) | | | (7,731) | | | — | | | Total | | $ | 18,651 | | | $ | — | | | $ | 18,651 | | | $ | (10,726) | | | $ | (7,814) | | | $ | 111 | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | Interest rate swap and swaption agreements, at fair value 1 | | $ | 81 | | | $ | — | | | $ | 81 | | | $ | — | | | $ | (24) | | | $ | 57 | | TBA securities, at fair value 1 | | 77 | | | — | | | 77 | | | (6) | | | (71) | | | — | | | Receivable under reverse repurchase agreements | | 16,615 | | | — | | | 16,615 | | | (12,503) | | | (4,112) | | | — | | | Total | | $ | 16,773 | | | $ | — | | | $ | 16,773 | | | $ | (12,509) | | | $ | (4,207) | | | $ | 57 | |
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| Offsetting Liabilities |
The following tables present information about our assets and liabilities that are subject to master netting arrangements and can potentially be offset on our consolidated balance sheets as of June 30, 2026 and December 31, 2025 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Offsetting of Financial and Derivative Assets | | | | Gross Amounts of Recognized Assets | | Gross Amounts Offset in the Consolidated Balance Sheets | | Net Amounts of Assets Presented in the Consolidated Balance Sheets | | Gross Amounts Not Offset
in the
Consolidated Balance Sheets | | Net Amount | | | | | | Financial Instruments | | Collateral Received 2 | | | June 30, 2026 | | | | | | | | | | | | | Interest rate swap and swaption agreements, at fair value 1 | | $ | 142 | | | $ | — | | | $ | 142 | | | $ | — | | | $ | (31) | | | $ | 111 | | TBA securities, at fair value 1 | | 76 | | | — | | | 76 | | | (24) | | | (52) | | | — | | | Receivable under reverse repurchase agreements | | 18,433 | | | — | | | 18,433 | | | (10,702) | | | (7,731) | | | — | | | Total | | $ | 18,651 | | | $ | — | | | $ | 18,651 | | | $ | (10,726) | | | $ | (7,814) | | | $ | 111 | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | Interest rate swap and swaption agreements, at fair value 1 | | $ | 81 | | | $ | — | | | $ | 81 | | | $ | — | | | $ | (24) | | | $ | 57 | | TBA securities, at fair value 1 | | 77 | | | — | | | 77 | | | (6) | | | (71) | | | — | | | Receivable under reverse repurchase agreements | | 16,615 | | | — | | | 16,615 | | | (12,503) | | | (4,112) | | | — | | | Total | | $ | 16,773 | | | $ | — | | | $ | 16,773 | | | $ | (12,509) | | | $ | (4,207) | | | $ | 57 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Offsetting of Financial and Derivative Liabilities | | | | Gross Amounts of Recognized Liabilities | | Gross Amounts Offset in the Consolidated Balance Sheets | | Net Amounts of Liabilities Presented in the Consolidated Balance Sheets | | Gross Amounts Not Offset
in the
Consolidated Balance Sheets | | Net Amount | | | | | | Financial Instruments | | Collateral Pledged 2 | | | June 30, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | TBA securities, at fair value 1 | | $ | 24 | | | $ | — | | | $ | 24 | | | $ | (24) | | | $ | — | | | $ | — | | | Repurchase agreements | | 89,808 | | | — | | | 89,808 | | | (10,702) | | | (79,106) | | | — | | | Total | | $ | 89,832 | | | $ | — | | | $ | 89,832 | | | $ | (10,726) | | | $ | (79,106) | | | $ | — | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | TBA securities, at fair value 1 | | $ | 6 | | | $ | — | | | $ | 6 | | | $ | (6) | | | $ | — | | | $ | — | | | Repurchase agreements | | 85,286 | | | — | | | 85,286 | | | (12,503) | | | (72,783) | | | — | | | Total | | $ | 85,292 | | | $ | — | | | $ | 85,292 | | | $ | (12,509) | | | $ | (72,783) | | | $ | — | |
________________________________ 1.Reported under derivative assets / liabilities, at fair value in the accompanying consolidated balance sheets. Refer to Note 5 for a reconciliation of derivative assets / liabilities, at fair value to their sub-components. 2.Includes cash and securities pledged / received as collateral, at fair value. Amounts include repledged collateral. Amounts presented are limited to collateral pledged sufficient to reduce the net amount to zero for individual counterparties, as applicable.
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| Schedules Of Securities Pledged As Collateral Under Repurchase Agreement |
The following table summarizes our securities pledged as collateral under our repurchase agreements by the remaining maturity of our borrowings, including securities pledged related to sold but not yet settled securities, as of June 30, 2026 and December 31, 2025 (in millions). For the corresponding borrowings associated with the following amounts and the interest rates thereon, refer to Note 4. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Securities Pledged by Remaining Maturity of Repurchase Agreements | | Fair Value of Pledged Securities | | Amortized
Cost of
Pledged Securities | | Accrued
Interest on
Pledged
Securities | | Fair Value of Pledged Securities 1 | | Amortized
Cost of
Pledged Securities | | Accrued
Interest on
Pledged
Securities | | ≤ 1 month | | $ | 86,421 | | | $ | 87,251 | | | $ | 473 | | | $ | 83,600 | | | $ | 83,502 | | | $ | 415 | | | > 1 and ≤ 2 months | | 1,519 | | | 1,591 | | | 6 | | | 3,324 | | | 3,435 | | | 13 | | | > 2 and ≤ 3 months | | 4,270 | | | 4,382 | | | 17 | | | 496 | | | 503 | | | 2 | | | > 3 months | | — | | | — | | | — | | | — | | | — | | | — | | | Total | | $ | 92,210 | | | $ | 93,224 | | | $ | 496 | | | $ | 87,420 | | | $ | 87,440 | | | $ | 430 | |
________________________________ 1.Includes $30 million of retained interests in our consolidated VIEs pledged as collateral under repurchase agreements as of December 31, 2025.
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