Quarterly report pursuant to Section 13 or 15(d)

Federal Home Loan Bank Advances (Tables)

v3.2.0.727
Federal Home Loan Bank Advances (Tables)
6 Months Ended
Jun. 30, 2015
Advances from Federal Home Loan Banks [Abstract]  
Schedule of Maturities of Federal Home Loan Bank Advances [Table Text Block]
At June 30, 2015 and December 31, 2014, FHLB advances had the following remaining maturities:
(in thousands)
June 30,
2015
 
December 31,
2014
≤ 1 year
$

 
$
33,738

> 1 and ≤ 3 years
651,238

 
651,238

> 3 and ≤ 5 years
815,024

 
815,024

> 5 and ≤ 10 years

 

> 10 years
1,533,738

 
1,000,000

Total
$
3,000,000

 
$
2,500,000


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)
June 30,
2015
 
December 31,
2014
Available-for-sale securities, at fair value
$
2,268,550

 
$
2,284,532

Residential mortgage loans held-for-sale, at fair value
551,257

 
397,656

Net economic interests in consolidated securitization trusts (1)
491,270

 
80,732

Total
$
3,311,077

 
$
2,762,920

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