
				Netting in			Net Amounts in
				Consolidated			Consolidated		Additional
				Statement of			Statement of		Amounts
		Gross		Financial			Financial		Available for			Available			Net Amount
(In thousands)		Amounts		Condition			Condition		Setoff (1)			Collateral (2)			(3)

Assets at March 31, 2014
Derivative contracts	$	2,396,215	$	(2,172,516	)	$	223,699	$	–		$	–		$	223,699
Securities borrowing arrangements	$	6,119,935	$	–		$	6,119,935	$	(655,539	)	$	(1,197,430	)	$	4,266,966
Reverse repurchase agreements	$	13,020,716	$	(8,572,185	)	$	4,448,531	$	(196,671	)	$	(4,197,094	)	$	54,766

Liabilities at March 31, 2014
Derivative contracts	$	2,410,071	$	(2,221,566	)	$	188,505	$	–		$	–		$	188,505
Securities lending arrangements	$	3,082,032	$	–		$	3,082,032	$	(655,539	)	$	(2,384,307	)	$	42,186
Repurchase agreements	$	19,349,250	$	(8,572,185	)	$	10,777,065	$	(196,671	)	$	(9,247,075	)	$	1,333,319

Assets at December 31, 2013
Derivative contracts	$	2,514,683	$	(2,253,589	)	$	261,094	$	–		$	–		$	261,094
Securities borrowing arrangements	$	5,359,846	$	–		$	5,359,846	$	(530,293	)	$	(957,140	)	$	3,872,413
Reverse repurchase agreements	$	12,715,449	$	(8,968,529	)	$	3,746,920	$	(590,754	)	$	(3,074,540	)	$	81,626

Liabilities at December 31, 2013
Derivative contracts	$	2,532,690	$	(2,352,611	)	$	180,079	$	–		$	–		$	180,079
Securities lending arrangements	$	2,506,122	$	$ –		$	2,506,122	$	(530,293	)	$	(1,942,271	)	$	33,558
Repurchase agreements	$	19,748,374	$	(8,968,529	)	$	10,779,845	$	(590,754	)	$	(8,748,641	)	$	1,440,450

(1) Under master netting agreements with our counterparties, we have the legal right of offset with a counterparty, which incorporates all of the counterparty's outstanding rights and obligations under the arrangement. These balances reflect additional credit risk mitigation that is available by counterparty in the event of a counterparty's default, but which are not netted in the balance sheet because other netting provisions of U.S. GAAP are not met. Further, for derivative assets and liabilities, amounts netted include cash collateral paid or received.

(2) Includes securities received or paid under collateral arrangements with counterparties that could be liquidated in the event of a counterparty default and thus offset against a counterparty's rights and obligations under the respective repurchase agreements or securities borrowing or lending arrangements.

(3) At March 31, 2014, amounts include $4,202.5 million of securities borrowing arrangements, for which we have received securities collateral of $4,076.5 million, and $1,325.0 million of repurchase agreements, for which we have pledged securities collateral of $1,358.3 million, which are subject to master netting agreements but we have not yet determined the agreements to be legally enforceable. At December 31, 2013, amounts include $3,818.4 million of securities borrowing arrangements, for which we have received securities collateral of $3,721.8 million, and $1,410.0 million of repurchase agreements, for which we have pledged securities collateral of $1,438.9 million, which are subject to master netting agreements but we have not yet determined the agreements to be legally enforceable.