Quarterly report pursuant to Section 13 or 15(d)

Federal Home Loan Bank Advances (Tables)

v2.4.0.8
Federal Home Loan Bank Advances (Tables)
9 Months Ended
Sep. 30, 2014
Advances from Federal Home Loan Banks [Abstract]  
Schedule of Maturities of Federal Home Loan Bank Advances [Table Text Block]
At September 30, 2014, FHLB advances had the following remaining maturities:
(in thousands)
September 30,
2014
≤ 1 year
$
33,738

> 1 and ≤ 3 years
651,238

> 3 and ≤ 5 years
815,024

Total
$
1,500,000


Schedule of Underlying Assets of Federal Home Loan Bank Advances [Table Text Block]
The following table summarizes assets at carrying values that are pledged or restricted as collateral for the future payment obligations of FHLB advances:
(in thousands)
September 30,
2014
Available-for-sale securities, at fair value
$
1,221,412

Mortgage loans held-for-sale, at fair value
387,083

Net economic interests in consolidated securitization trusts (1)
85,782

Total
$
1,694,277

____________________
(1)
Includes the retained interests from the Company’s on-balance sheet securitizations, which are eliminated in consolidation in accordance with U.S. GAAP.