SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

3 Months Ended

Mar. 31, 2015

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase (repurchase agreements) consist of the following:
		March, 31		December 31,
		2015		2014
		(Dollars in thousands)
Repurchase agreements, interest ranging from 1.96% to 3.33%
(December 31, 2014: 2.45% to 4.50%) (1)		$	900,000	$	900,000
(1)	As of March 31, 2015, includes $800 million with an average rate of 2.71% that lenders have the right to call before their contractual maturities at various dates beginning on April 9, 2015. Subsequent to April 9, 2015, no lender has exercised its call option on repurchase agreements. In addition, $700 million is tied to variable rates.

Schedule of Repurchase Agreement Maturity

Repurchase agreements mature as follows:
		March 31, 2015
		(In thousands)
	One year to three years	$	500,000
	Over five years		400,000
	Total	$	900,000

Repurchase Agreements Grouped by Counterparty

Repurchase agreements as of March 31, 2015, grouped by counterparty, were as follows:
	(Dollars in thousands)			Weighted-Average
	Counterparty	Amount		Maturity (In Months)
	Citigroup Global Markets	$	300,000	19
	JP Morgan Chase		200,000	82
	Dean Witter / Morgan Stanley		100,000	31
	Credit Suisse First Boston		300,000	60
		$	900,000