Supplemental disclosure on the consolidated statements of cash flows

3 Months Ended

Mar. 31, 2015

Supplemental Cash Flow Information [Abstract]

Cash Flow Supplemental Disclosures [Text Block]

Note 37 – Supplemental disclosure on the consolidated statements of cash flows

Additional disclosures on cash flow information and non-cash activities for the quarters ended March 31, 2015 and March 31, 2014 are listed in the following table:


(In thousands)		March 31, 2015		March 31, 2014
Non-cash activities:
Loans transferred to other real estate	$	30,802	$	35,272
Loans transferred to other property		8,979		10,538
Total loans transferred to foreclosed assets		39,781		45,810
Transfers from loans held-in-portfolio to loans held-for-sale		10,839		29,896
Transfers from loans held-for-sale to loans held-in-portfolio		4,858		1,919
Loans securitized into investment securities^[1]		203,414		228,515
Trades receivable from brokers and counterparties		112,287		74,603
Trades payable to brokers and counterparties		19,097		222,297
Recognition of mortgage servicing rights on securitizations or asset transfers		2,859		3,528
[1] Includes loans securitized into trading securities and subsequently sold before quarter end.

As previously disclosed in Note 4, Business Combination, on February 27, 2015, the Corporation's Puerto Rico banking subsidiary, BPPR, in an alliance with co-bidders, including the Corporation's U.S. mainland banking subsidiary, PCB, acquired certain assets and all deposits (other than certain brokered deposits) of Doral Bank from the FDIC as receiver. As part of this transaction, BPPR received net cash proceeds of approximately $693 million for consideration of the assets and liabilities acquired.