| Offsetting Assets and Liabilities [Table Text Block] |
The following tables present information about the Company’s assets and liabilities that are subject to master netting arrangements or similar agreements and can potentially be offset on the Company’s condensed consolidated balance sheets as of March 31, 2017 and December 31, 2016:
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March 31, 2017 |
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Gross Amounts Not Offset with Financial Assets (Liabilities) in the Condensed Consolidated Balance Sheets (1)
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(in thousands) |
Gross Amounts of Recognized Assets (Liabilities) |
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Gross Amounts Offset in the Condensed Consolidated Balance Sheets |
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Net Amounts of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheets |
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Financial Instruments |
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Cash Collateral (Received) Pledged |
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Net Amount |
Assets |
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Derivative assets |
$ |
343,279 |
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$ |
(89,715 |
) |
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$ |
253,564 |
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$ |
(20,363 |
) |
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$ |
— |
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$ |
233,201 |
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Total Assets |
$ |
343,279 |
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$ |
(89,715 |
) |
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$ |
253,564 |
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$ |
(20,363 |
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$ |
— |
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$ |
233,201 |
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Liabilities |
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Repurchase agreements |
$ |
(13,640,720 |
) |
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$ |
— |
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$ |
(13,640,720 |
) |
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$ |
13,640,720 |
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$ |
— |
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$ |
— |
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Derivative liabilities |
(110,078 |
) |
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89,715 |
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(20,363 |
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20,363 |
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— |
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— |
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Total Liabilities |
$ |
(13,750,798 |
) |
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$ |
89,715 |
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$ |
(13,661,083 |
) |
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$ |
13,661,083 |
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$ |
— |
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$ |
— |
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December 31, 2016 |
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Gross Amounts Not Offset with Financial Assets (Liabilities) in the Condensed Consolidated Balance Sheets (1)
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(in thousands) |
Gross Amounts of Recognized Assets (Liabilities) |
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Gross Amounts Offset in the Condensed Consolidated Balance Sheets |
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Net Amounts of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheets |
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Financial Instruments |
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Cash Collateral (Received) Pledged |
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Net Amount |
Assets |
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Derivative assets |
$ |
388,522 |
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$ |
(64,340 |
) |
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$ |
324,182 |
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$ |
(12,501 |
) |
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$ |
— |
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$ |
311,681 |
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Total Assets |
$ |
388,522 |
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$ |
(64,340 |
) |
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$ |
324,182 |
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$ |
(12,501 |
) |
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$ |
— |
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$ |
311,681 |
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Liabilities |
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Repurchase agreements |
$ |
(9,316,351 |
) |
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$ |
— |
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$ |
(9,316,351 |
) |
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$ |
9,316,351 |
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$ |
— |
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$ |
— |
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Derivative liabilities |
(76,841 |
) |
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64,340 |
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(12,501 |
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12,501 |
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— |
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— |
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Total Liabilities |
$ |
(9,463,192 |
) |
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$ |
64,340 |
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$ |
(9,398,852 |
) |
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$ |
9,398,852 |
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$ |
— |
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$ |
— |
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____________________
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(1) |
Amounts presented are limited in total to the net amount of assets or liabilities presented in the condensed consolidated balance sheets by instrument. Excess cash collateral or financial assets that are pledged to counterparties may exceed the financial liabilities subject to a master netting arrangement or similar agreement, or counterparties may have pledged excess cash collateral to the Company that exceed the corresponding financial assets. These excess amounts are excluded from the table above, although separately reported within restricted cash, due from counterparties, or due to counterparties in the Company’s condensed consolidated balance sheets. |
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