Quarterly report pursuant to Section 13 or 15(d)

Federal Home Loan Bank Advances (Tables)

v3.4.0.3
Federal Home Loan Bank Advances (Tables)
3 Months Ended
Mar. 31, 2016
Advances from Federal Home Loan Banks [Abstract]  
Schedule of Maturities of Federal Home Loan Bank Advances [Table Text Block]
At March 31, 2016 and December 31, 2015, FHLB advances had the following remaining maturities:
(in thousands)
March 31,
2016
 
December 31,
2015
≤ 1 year
$
428,238

 
$

> 1 and ≤ 3 years
223,000

 
651,238

> 3 and ≤ 5 years
815,024

 
815,024

> 5 and ≤ 10 years

 

> 10 years
2,533,738

 
2,318,738

Total
$
4,000,000

 
$
3,785,000


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)
March 31,
2016
 
December 31,
2015
Available-for-sale securities, at fair value
$
2,984,562

 
$
2,412,970

Residential mortgage loans held-for-sale, at fair value
291,533

 
735,911

Commercial real estate assets
421,239

 
252,172

Net economic interests in consolidated securitization trusts (1)
780,231

 
863,363

Total
$
4,477,565

 
$
4,264,416

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