GUARANTEES AND COLLATERAL (Tables)

9 Months Ended

Sep. 30, 2013

Guarantees [Abstract]

Schedule of Guarantor Obligations [Table Text Block]

The following table summarizes guarantees, by type, at September 30, 2013 and December 31, 2012:  

	September 30, 2013				December 31, 2012
(in thousands)	Maximum Exposure		Carrying Amount		Maximum Exposure		Carrying Amount
Indemnification contracts	$	26,178	$	1,281	$	26,178	$	1,531
Other		–		–		376		34
Total	$	26,178	$	1,281	$	26,554	$	1,565

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

The following table summarizes assets that are either pledged or restricted for the Company’s use at September 30, 2013 and December 31, 2012. This table also reflects certain assets held by CFVs in order to reconcile to the Company’s consolidated balance sheets. 

		September 30, 2013
(in thousands)	Note  Ref.	Restricted Cash		Bonds Available- for-sale		Real Estate Held-for- Use		Real Estate Held-for- Sale		Investment  in Preferred stock		Other Assets		Total Assets Pledged
Notes payable	A	$	–	$	–	$	1,735	$	–	$	–	$	11,728	$	13,463
Other	B		35,004		132,930		13,860		–		31,371		326		213,491
CFVs	C		55,945		–		103,649		51,836		–		23,714		235,144
Total		$	90,949	$	132,930	$	119,244	$	51,836	$	31,371	$	35,768	$	462,098

		December 31, 2012
(in thousands)	Note  Ref.	Restricted Cash		Bonds Available- for-sale		Real Estate Held-for- Use		Other Assets		Total Assets Pledged
Notes payable	A	$	13		–		1,735		14,302		16,050
Other	B		1,341		59,354		13,402		389		74,486
CFVs	C		53,957		–		111,931		17,568		183,456
Senior interests in and debt owed   to securitization trusts	D		2		865,992		2,619		–		868,613
Total		$	55,313	$	925,346	$	129,687	$	32,259	$	1,142,605

A.	The Company pledges bonds, loans, investments in preferred stock, investments in solar facilities and an investment in a mixed-use real estate development as collateral for notes payable.
B.	The Company pledges collateral in connection with secured borrowings, derivative transactions, other liabilities, guarantee exposure and leases.  The Company may elect to pledge collateral on behalf of the Company’s customers in order to facilitate credit and other collateral requirements.  In addition, cash may be restricted for funding obligations.
C.	These are assets held by CFVs. The real estate serves as collateral to bonds eliminated in consolidation.
D.	Includes assets held by bond securitization trusts as well as assets pledged as collateral for bond securitizations.