WASHINGTON -- The Office of Federal Housing Enterprise Oversight announced that Fannie Mae and Freddie Mac were adequately capitalized on June 30.

As of that date, Fannie Mae's core capital of $8,826 million exceeded its minimum capital requirement of $8,658 million by $168 million.

Freddie Mac's core capital of $4,800 million exceeded its minimum capital requirement of $4,500 million by $300 million.

The oversight office, which oversees the safety and soundness of Fannie Mac and Freddie Mac, is required to determine at least quarterly if the governmentbacked agencies are adequately capitalized.

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