SECURITIES LENDING (Tables)

9 Months Ended

Sep. 30, 2017

Securities Lending

Schedule of contractual gross and net securities borrowing and lending balances

The following table presents the contractual gross and net securities borrowing and lending balances and the related offsetting amount as of September 30, 2017

							Amounts not
							offset in the
							consolidated balance
			Gross amounts		Net amounts		sheets but eligible
			offset in the		included in the		for offsetting
	Gross amounts		consolidated		consolidated		upon counterparty
	recognized		balance sheets (1)		balance sheets		default(2)		Net amounts
As of September 30, 2017
Securities borrowed	$	730,022	$	—	$	730,022	$	730,022	$	—
Securities loaned	$	728,201	$	—	$	728,201	$	728,201	$	—

(1)	Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.
(2)	Includes the amount of cash collateral held/posted.