Cash and Money Market Investments

6 Months Ended

Jun. 30, 2014

Gross and net information for selected financial instruments [Abstract]

Cash, Cash Equivalents, and Short-term Investments [Text Block]

. CASH AND MONEY MARKET INVESTMENTS

Gross and net information for selected financial instruments in the balance sheet is as follows:

	June 30, 2014
(In thousands)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments			Cash collateral received/pledged			Net amount
Assets:
Federal funds sold and security resell agreements	$	478,535	$	—	$	478,535	$	—		$	—		$	478,535
Derivatives (included in other assets)	57,143		—		57,143		(6,247		)	—			50,896
	$	535,678	$	—	$	535,678	$	(6,247	)	$	—		$	529,431
Liabilities:
Federal funds and other short-term borrowings	$	258,401	$	—	$	258,401	$	—		$	—		$	258,401
Derivatives (included in other liabilities)	56,574		—		56,574		(6,247		)	(32,743		)	17,584
	$	314,975	$	—	$	314,975	$	(6,247	)	$	(32,743	)	$	275,985

	December 31, 2013
(In thousands)							Gross amounts not offset in the balance sheet
Description	Gross amounts recognized		Gross amounts offset in the balance sheet		Net amounts presented in the balance sheet		Financial instruments			Cash collateral received/pledged			Net amount
Assets:
Federal funds sold and security resell agreements	$	282,248	$	—	$	282,248	$	—		$	—		$	282,248
Derivatives (included in other assets)	65,683		—		65,683		(11,650		)	2,210			56,243
	$	347,931	$	—	$	347,931	$	(11,650	)	$	2,210		$	338,491
Liabilities:
Federal funds and other short-term borrowings	$	340,348	$	—	$	340,348	$	—		$	—		$	340,348
Derivatives (included in other liabilities)	68,397		—		68,397		(11,650		)	(26,997		)	29,750
	$	408,745	$	—	$	408,745	$	(11,650	)	$	(26,997	)	$	370,098

Security resell and repurchase agreements are offset, when applicable, in the balance sheet according to master netting agreements. Security repurchase agreements are included with “Federal funds and other short-term borrowings.” Derivative instruments may be offset under their master netting agreements; however, for accounting purposes, we present these items on a gross basis in the Company’s balance sheet. See Note 7 for further information regarding derivative instruments.