SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

9 Months Ended

Sep. 30, 2016

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase (repurchase agreements) consist of the following:
(Dollars in thousands)		September 30, 2016		December 31, 2015
Repurchase agreements, interest ranging from 1.96% to 3.84%
(December 31, 2015- 1.96% to 3.41%) (1)(2)		$	600,000	$	700,000
(1)	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11.
(2)	As of September 30, 2016, includes $500 million with an average rate of 3.56% that lenders have the right to call before their contractual maturities at various dates beginning on October 11, 2016. In addition, $400 million is tied to variable rates.

Schedule of Repurchase Agreement Maturity

Repurchase agreements mature as follows:
		September 30, 2016
		(In thousands)
	One month to three months	$	300,000
	One year to three years		100,000
	Over five years		200,000
	Total	$	600,000

Repurchase Agreements Grouped by Counterparty

Repurchase agreements as of September 30, 2016, grouped by counterparty, were as follows:
	(Dollars in thousands)			Weighted-Average
	Counterparty	Amount		Maturity (In Months)
	Citigroup Global Markets	$	300,000	1
	Dean Witter / Morgan Stanley		100,000	13
	JP Morgan Chase		200,000	64
		$	600,000