TWO Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

Restricted Cash

6 Months Ended

Jun. 30, 2011

As of June 30, 2011 and December 31, 2010, the Company is required to maintain certain cash balances with counterparties for broker activity and collateral for the Company's repurchase agreements in non-interest bearing accounts.

The following table presents the Company's restricted cash balances:



(in thousands)	June 30, 2011		December 31, 2010
Restricted cash balances held by:
Broker counterparties for securities trading activity	$	9,000	$	9,000
Broker counterparties for derivatives trading activity	62,091		1,914
Repurchase counterparties as restricted collateral	18,152		11,634
Total	$	89,243	$	22,548

- Definition

Tabular disclosure of the cash and cash items which are restricted as to withdrawal or usage. The provisions of any restrictions are described in a note to the financial statements. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

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