The Company records unrealized gains and losses on its agency securities and its TBA securities as described in Note 4. As discussed in Note 7, the Company ceased hedge accounting for its interest rate swaps effective September 30, 2013. Beginning October 1, 2013, changes in the fair value of interest rate swaps are recorded directly to net income. The cumulative unrealized loss on interest rate swaps in AOCI as of September 30, 2013 is being amortized to net income as the hedged forecasted transactions occur. The following table rolls forward the components of AOCI, including reclassification adjustments, for the three months ended March 31, 2014.

	Unrealized gain/(loss) on available for sale agency securities			Unrealized gain/(loss) on unsettled agency securities			Unrealized gain/(loss) on other investments			Unrealized gain/(loss) on derivative instruments			Total

Accumulated other comprehensive income (loss) at January 1, 2014	$	109,491		$	-		$	(628	)	$	(116,915	)	$	(8,052	)

Other comprehensive income (loss) before reclassification		41,701			(186	)		59			2,042			43,616

Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		-			-			-			658			658

Income Statement Reclassification:
Amounts reclassified to net gain on the sale of mortgage-backed securities		(7,436	)		-			-			-			(7,436	)
Amounts reclassified for termination of all-in-one cash flow hedge accounting on dollar roll TBAs		-			-			-			5,083			5,083
Amounts reclassified to interest expense		-			-			-			24,684			24,684

Net current period other comprehensive income (loss)		34,265			(186	)		59			32,467			66,605

Accumulated other comprehensive income (loss) at March 31, 2014	$	143,756		$	(186	)	$	(569	)	$	(84,448	)	$	58,553

The following table rolls forward the components of AOCI, including reclassification adjustments, for the three months ended March 31, 2013.

	Unrealized gain/(loss) on available for sale agency securities			Unrealized gain/(loss) on unsettled agency securities			Unrealized gain/(loss) on other investments			Unrealized gain/(loss) on derivative instruments			Total
Beginning balance, accumulated other comprehensive income (loss) at January 1, 2013	$	499,343		$	1,217		$	(107	)	$	(237,599	)	$	262,854

Other comprehensive income (loss) before reclassifications		(15,520	)		492			(107	)		569			(14,566	)

Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		—			(1,217	)		—			(5,452	)		(6,669	)

Income Statement Reclassifications:
Amounts reclassified to net gain on the sale of mortgage-backed securities		(2,500	)		—			—			—			(2,500	)
Amounts reclassified to interest expense		—			—			—			29,929			29,929
Net current period other comprehensive income (loss)		(18,020	)		(725	)		(107	)		25,046			6,194

Ending balance, accumulated other comprehensive income (loss) at March 31, 2013	$	481,323		$	492		$	(214	)	$	(212,553	)	$	269,048