OFFSETTING OF ASSETS AND LIABILITIES

12 Months Ended

Dec. 31, 2018

Offsetting [Abstract]

Offsetting of assets and liabilities [Text Block]

NOTE 34 – OFFSETTING OF ASSETS AND LIABILITIES

The Corporation enters into master agreements with counterparties, primarily related to derivatives and repurchase agreements, that may allow for netting of exposures in the event of default. In an event of default, each party has a right of set-off against the other party for amounts owed under the related agreement and any other amount or obligation owed with respect to any other agreement or transaction between them. The following table presents information about the offsetting of financial assets and liabilities as well as derivative assets and liabilities:

Offsetting of Financial Assets and Derivative Assets
As of December 31, 2018
					Net Amounts of Assets Presented in the Statement of Financial Position
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position				Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Cash Collateral
											Net Amount
(In thousands)
Description
Derivatives	$	623	$	-	$	623	$	-	$	(623)	$	-
Securities purchased under agreement
to resell		200,000		(200,000)		-		-		-		-
Total	$	200,623	$	(200,000)	$	623	$	-	$	(623)	$	-
As of December 31, 2017
					Net Amounts of Assets Presented in the Statement of Financial Position
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position				Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Cash Collateral
											Net Amount
(In thousands)
Description
Derivatives	$	305	$	-	$	305	$	(305)	$	-	$	-
Securities purchased under agreement
to resell		200,000		(200,000)		-		-		-		-
Total	$	200,305	$	(200,000)	$	305	$	(305)	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities
As of December 31, 2018
					Net Amounts of Liabilities Presented in the Statement of Financial Position
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position				Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Cash Collateral
											Net Amount
(In thousands)
Description
Securities sold under agreements to repurchase	$	350,086	$	(200,000)	$	150,086	$	(150,086)	$	-	$	-
As of December 31, 2017
					Net Amounts of Liabilities Presented in the Statement of Financial Position
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position				Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Cash Collateral
											Net Amount
(In thousands)
Description
Securities sold under agreements to repurchase	$	500,000	$	(200,000)	$	300,000	$	(300,000)	$	-	$	-