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)

9 Months Ended

Sep. 30, 2015

Advances from Federal Home Loan Banks [Abstract]

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

At September 30, 2015 and December 31, 2014, FHLB advances had the following remaining maturities:



(in thousands)	September 30, 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	2,243,738		1,000,000
Total	$	3,710,000	$	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)	September 30, 2015		December 31, 2014
Available-for-sale securities, at fair value	$	2,867,105	$	2,284,532
Residential mortgage loans held-for-sale, at fair value	693,298		397,656
Net economic interests in consolidated securitization trusts ⁽¹⁾	556,458		80,732
Total	$	4,116,861	$	2,762,920

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