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)
 6 Months Ended
Jun. 30, 2014
Advances from Federal Home Loan Banks [Abstract]  
Schedule of Maturities of Federal Home Loan Bank Advances [Table Text Block]
At June 30, 2014, FHLB advances had the following remaining maturities:
(in thousands)
June 30,
2014
≤ 3 months
$
2,500

> 3 and ≤ 6 months
—

> 6 and ≤ 12 months
33,738

> 12 and ≤ 24 months
—

> 24 months (1)
1,463,762

Total
$
1,500,000

____________________
(1)
Greater than 24 months includes FHLB advances with maturity dates ranging from January 17, 2017 to June 21, 2019.

Schedule of Underlying Assets of Federal Home Loan Bank Advances [Table Text Block]
The following table summarizes assets at carrying value that are pledged or restricted as collateral for the future payment obligations of FHLB advances:
(in thousands)
June 30,
2014
Available-for-sale securities, at fair value
$
1,355,320

Mortgage loans held-for-sale, at fair value
116,149

Net economic interests in consolidated securitization trusts (1)
181,578

Restricted cash
250

Total
$
1,653,297

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