Resale and Repurchase Agreements

12 Months Ended

Dec. 31, 2012

Resale and Repurchase Agreements

Resale and Repurchase Agreements

NOTE 5. Resale and Repurchase Agreements

        At December 31, 2012 and 2011, the fair value of financial instruments held as collateral by the Company that it was permitted to deliver or repledge in connection with resale agreements was approximately $137.9 million and $1.5 billion, respectively, of which $137.9 million and $1.5 billion, respectively was repledged at December 31, 2012 and 2011.

        The following tables provide detail on the composition of the outstanding repurchase agreements at December 31, 2012 and 2011:

	December 31, 2012
(In thousands of dollars)	Overnight		< 30 days		30-90 days		> 90 days		On Demand		Total
Collateral Type
U.S. Government and federal agency obligations	$	106,991	$	50,052	$	—	$	—	$	2,343	$	159,386

	December 31, 2011
(In thousands of dollars)	Overnight		< 30 days		30-90 days		> 90 days		On Demand		Total
Collateral Type
U.S. Government and federal agency obligations	$	1,204,641	$	—	$	—	$	—	$	273,440	$	1,478,081