Quarterly report pursuant to Section 13 or 15(d)

Trading Securities, at Fair Value (Notes)

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Trading Securities, at Fair Value (Notes)
 6 Months Ended
Jun. 30, 2014
Trading Securities [Abstract]  
Trading Securities, at Fair Value
Trading Securities, at Fair Value
The Company holds U.S. Treasuries in a TRS and classifies these securities as trading instruments due to short-term investment objectives. As of June 30, 2014 and December 31, 2013, the Company held U.S. Treasuries with an amortized cost of $996.9 million and $996.1 million, and a fair value of $1.0 billion and $1.0 billion, respectively, classified as trading securities. The unrealized gains included within trading securities were $5.6 million and $4.1 million as of June 30, 2014 and December 31, 2013, respectively.
For the three and six months ended June 30, 2014, the Company sold trading securities for $44.8 million and $143.4 million with an amortized cost of $44.8 million and $143.0 million, resulting in realized losses of $7,031 and gains of $0.4 million, respectively, on the sale of these securities. The Company did not sell any trading securities during the three and six months ended June 30, 2013. For the three and six months ended June 30, 2014, trading securities experienced change in unrealized losses of $1.7 million and $1.5 million, respectively. Trading securities experienced change in unrealized losses of $1.6 million for both the three and six months ended June 30, 2013. Both realized and unrealized gains and losses are recorded as a component of gain (loss) on investment securities in the Company’s condensed consolidated statements of comprehensive income.
At June 30, 2014 and December 31, 2013, the Company pledged trading securities with a carrying value of $1.0 billion and $1.0 billion, respectively, as collateral for repurchase agreements. See Note 16 - Repurchase Agreements.