FHLMC
(ii)The term “FHLMC” means the Federal Home Loan Mortgage Corporation. (iii)The taxable year of an FHLB shall, except as provided in regulations prescribed by the Secretary, be treated as the calendar year. (iv)The earnings and profits of any FHLB for any taxable year shall be treated as equal to the sum of— (I)any dividends received by the FHLB from the FHLMC during such taxable year, and (II)the total earnings and profits (determined without regard to dividends described in subclause (I)) of the FHLB as reported in its annual financial statement prepared in accordance with section 20 of the Federal Home Loan Bank Act (12 U.S.C. 1440). (b)