Securities Sold Under Agreements to Repurchase

9 Months Ended

Sep. 30, 2019

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase are accounted for as collateralized financings and recorded at the amounts at which the securities were sold plus accrued interest. To minimize any potential credit risk associated with these transactions, the fair value of the securities sold is monitored, limits are set on exposure with counterparties, and the financial condition of counterparties is regularly assessed. Securities sold under agreements to repurchase are held by the counterparty until the repurchase.

The following table provides information regarding repurchase agreements that are accounted for as secured borrowings as of September 30, 2019 and December 31, 2018.

Table 42: Repurchase Agreements Accounted for as Secured Borrowings



	September 30, 2019		December 31, 2018
(In Millions)	Remaining Contractual Maturity of the Agreements
Repurchase Agreements	Overnight and Continuous
U.S. Treasury and Agency Securities	$	265.7	$	168.3
Total Borrowings	265.7		168.3
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 23	265.7		168.3
Amounts related to agreements not included in Note 23	—		—