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Secured Borrowings and Collateral
9 Months Ended
Sep. 30, 2013
Secured Borrowings and Collateral  
Secured Borrowings and Collateral

(7)                                 Secured Borrowings and Collateral

 

Federal Home Loan Bank advances

 

At September 30, 2013, all Federal Home Loan Bank (“FHLB”) of Boston advances were secured by a blanket security agreement on qualified collateral, principally first mortgage loans on owner-occupied residential property in the amount of $85.1 million, and mortgage-backed securities with a fair value of $17.9 million.