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

Quarterly report pursuant to Section 13 or 15(d)

Federal Home Loan Bank Advances (Tables)

Federal Home Loan Bank Advances (Tables)

3 Months Ended

Mar. 31, 2015

Advances from Federal Home Loan Banks [Abstract]

Schedule of Maturities of Federal Home Loan Bank Advances [Table Text Block]

At March 31, 2015 and December 31, 2014, FHLB advances had the following remaining maturities:



(in thousands)	March 31, 2015		December 31, 2014
≤ 1 year	$	—	$	33,738
> 1 and ≤ 3 years	651,238		651,238
> 3 and ≤ 5 years	815,024		815,024
> 5 and ≤ 10 years	—		—
> 10 years	1,158,738		1,000,000
Total	$	2,625,000	$	2,500,000

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, 2015		December 31, 2014
Available-for-sale securities, at fair value	$	2,158,907	$	2,284,532
Residential mortgage loans held-for-sale, at fair value	402,770		397,656
Net economic interests in consolidated securitization trusts ⁽¹⁾	317,657		80,732
Total	$	2,879,334	$	2,762,920

____________________


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