Offsetting of financial assets and liabilities

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements [Abstract]

Offsetting Assets Liabilities [Text Block]

Note 16 – Offsetting of financial assets and liabilities

The following tables present the potential effect of rights of setoff associated with the Corporation's recognized financial assets and liabilities atJune 30,2013 and December 31,2012.

As of June 30, 2013
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Received			Cash Collateral Received	Net Amount
Derivatives	$	37,950	$	-	$	37,950	$	778	$	-	$	292	$	36,880
Reverse repurchase agreements		245,758		-		245,758		310		245,448		-		-
Total	$	283,708	$	-	$	283,708	$	1,088	$	245,448	$	292	$	36,880

As of June 30, 2013
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Pledged			Cash Collateral Pledged	Net Amount
Derivatives	$	33,866	$	-	$	33,866	$	778	$	19,801	$	-	$	13,287
Repurchase agreements		1,672,705		-		1,672,705		310		1,672,395		-		-
Total	$	1,706,571	$	-	$	1,706,571	$	1,088	$	1,692,196	$	-	$	13,287

As of December 31, 2012
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Received			Cash Collateral Received	Net Amount
Derivatives	$	41,935	$	-	$	41,935	$	649	$	1,770	$	-	$	39,516
Reverse repurchase agreements		213,462		-		213,462		1,041		212,421		-		-
Total	$	255,397	$	-	$	255,397	$	1,690	$	214,191	$	-	$	39,516

As of December 31, 2012
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Pledged			Cash Collateral Received	Net Amount
Derivatives	$	42,585	$	-	$	42,585	$	649	$	30,390	$	-	$	11,546
Repurchase agreements		2,016,752		-		2,016,752		1,041		2,015,711		-		-
Total	$	2,059,337	$	-	$	2,059,337	$	1,690	$	2,046,101	$	-	$	11,546

The Corporation's derivatives are subject to agreements which allow a right of set-off with each respective counterparty. In addition, the Corporation's Repurchase Agreements and Reverse Repurchase Agreements have a right of set-off with the respective counterparty under the supplemental terms of the Master RepurchaseAgreements. In an event of default each party has a right of set-off against the other party for amounts owed in the related agreement and any other amount or obligation owed in respect of any other agreement or transaction between them.