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OFFSETTING OF ASSETS AND LIABILITIES
 12 Months Ended
Dec. 31, 2013
OFFSETTING OF ASSETS AND LIABILITIES

12.    OFFSETTING OF ASSETS AND LIABILITIES

The following tables present the offsetting of assets and liabilities as of December 31, 2013:

 

     Gross and Net
Amounts of Assets
Presented in the
Statement of
Financial Condition		      Gross Amounts Not Offset
in the Statement of
Financial Condition		         
        Financial
Instruments		      Cash Collateral
Received		      Net Amount  

Assets

            

Freestanding Derivatives

    $ 10,343       $ 3,025       $ 582       $ 6,736   

Reverse Repurchase Agreements

      148,984         148,394         —           590   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 159,327       $ 151,419       $ 582       $ 7,326   
  

 

 

     

 

 

     

 

 

     

 

 

  
     Gross and Net
Amounts of Liabilities
Presented in the
Statement of
Financial
Condition		      Gross Amounts Not Offset
in the Statement of
Financial Condition		         
        Financial
Instruments		      Cash Collateral
Pledged		      Net Amount  

Liabilities

            

Freestanding Derivatives

    $ 4,282       $ 3,025       $ 1,257       $ —     

Repurchase Agreements

      316,352         316,352         —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 320,634       $ 319,377       $ 1,257       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

  

 

The following tables present the offsetting of assets and liabilities as of December 31, 2012:

 

     Gross and Net
Amounts of Assets
Presented in the
Statement of
Financial
Condition		      Gross Amounts Not Offset
in the Statement of
Financial Condition		         
        Financial
Instruments		      Cash Collateral
Received		      Net Amount  

Assets

            

Freestanding Derivatives

    $ 55,344       $ 3,983       $ 36,748       $ 14,613   

Reverse Repurchase Agreements

      248,018         248,018         —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 303,362       $ 252,001       $ 36,748       $ 14,613   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

     Gross and Net
Amounts of Liabilities
Presented in the
Statement of
Financial
Condition		      Gross Amounts Not Offset
in the Statement of
Financial Condition		         
        Financial
Instruments		      Cash Collateral
Pledged		      Net Amount  

Liabilities

            

Freestanding Derivatives

    $ 4,197       $ 3,983       $ —         $ 214   

Repurchase Agreements

      142,266         142,266         —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 146,463       $ 146,249       $ —         $ 214   
  

 

 

     

 

 

     

 

 

     

 

 

  

Reverse Repurchase Agreements and Repurchase Agreements are presented separately on the Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Statements of Financial Condition. See Note 11. “Other Assets and Accounts Payable, Accrued Expenses and Other Liabilities” for the components of Other Assets.

Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Statements of Financial Condition and are not a significant component thereof.