Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash (Notes)

v2.4.0.8
Restricted Cash (Notes)
9 Months Ended
Sep. 30, 2014
Restricted Cash [Abstract]  
Cash and Cash Equivalents Disclosure [Text Block]
Restricted Cash
The Company is required to maintain certain cash balances with counterparties for securities and derivatives trading activity and collateral for the Company’s repurchase agreements and FHLB advances in restricted accounts. The Company has also placed cash in a restricted account pursuant to a letter of credit on an office space lease.
The following table presents the Company’s restricted cash balances as of September 30, 2014 and December 31, 2013:
(in thousands)
September 30,
2014
 
December 31,
2013
Restricted cash balances held by trading counterparties:
 
 
 
For securities trading activity
$
9,000

 
$
9,000

For derivatives trading activity
207,780

 
191,107

As restricted collateral for repurchase agreements and Federal Home Loan Bank advances
93,295

 
201,194

 
310,075

 
401,301

Restricted cash balance pursuant to letter of credit on office lease
346

 
346

Total
$
310,421

 
$
401,647