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SECURED BORROWINGS - Schedule of Secured Borrowings (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral carrying amount $ 11,820,000 $ 11,570,000
Borrowings outstanding [1],[2] 11,233,090 $ 10,987,329
Year-End Borrowing Rates Adjusted for Effects of Related Derivatives [Member]    
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Average borrowing rates   2.26%
Agency Securities [Member]    
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral carrying amount 11,823,566 $ 11,568,448
Accrued interest receivable 35,145 31,908
Borrowings outstanding $ 11,222,451 $ 10,979,362
Average borrowing rates 2.73% 2.70%
Agency Securities [Member] | Borrowings with Maturities of 30 Days or Less [Member]    
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral carrying amount $ 10,703,199 $ 4,424,311
Accrued interest receivable 31,632 12,287
Borrowings outstanding $ 10,154,691 $ 4,204,988
Average borrowing rates 2.73% 2.73%
Agency Securities [Member] | Borrowings with Maturities of 31 to 90 Days [Member]    
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral carrying amount $ 1,119,381 $ 7,143,129
Accrued interest receivable 3,513 19,621
Borrowings outstanding $ 1,066,774 $ 6,773,366
Average borrowing rates 2.69% 2.68%
Agency Securities [Member] | Similar Borrowings [Member]    
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Collateral carrying amount $ 986 $ 1,008
Borrowings outstanding $ 986 $ 1,008
Average borrowing rates 8.25% 7.99%
Quarter-End Borrowing Rates Adjusted for Effects of Related Derivatives [Member]    
Secured Borrowings, Including Interest Rate Hedging Activity [Line Items]    
Average borrowing rates 2.34%  
[1] Amounts include accrued interest payable of $11.6 million and $9.0 million on borrowings under repurchase arrangements as of March 31, 2019 and December 31, 2018, respectively.
[2] Included in gross amounts of recognized liabilities at March 31, 2019 is the fair value of non-exchange traded swap agreements (Counterparty 1) and exchange-traded swap agreements (Counterparty 4), calculated including accrued interest. Included in gross amounts offset in the balance sheet are variation margin amounts associated with exchange-traded swap agreements at March 31, 2019.