REPURCHASE AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Repurchase Agreements Remaining Maturity and Weighted Average Rates

At March 31, 2013 and December 31, 2012, the repurchase agreements had the following remaining maturities and weighted average rates:

	March 31, 2013					December 31, 2012
	Repurchase  Agreements		Weighted Average Rate			Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	6,664,087		0.32	%	$	-		-
2 to 29 days		26,451,593		0.46	%		33,191,448		0.50	%
30 to 59 days		13,129,666		0.44	%		28,383,851		0.45	%
60 to 89 days		8,705,572		0.36	%		8,602,680		0.42	%
90 to 119 days		11,103,023		0.47	%		4,804,671		0.57	%
Over 120 days		34,269,001		0.91	%		27,803,047		1.03	%
Total	$	100,322,942		0.59	%	$	102,785,697		0.63	%

Summary of Gross Amounts, Amounts Offset and net Amounts of Repurchase Agreement and Reverse Repurchase Agreement

The following table summarizes gross amounts of repurchase agreements and reverse repurchase agreements, amounts offset in accordance with netting arrangements and net amounts of repurchase agreements and reverse repurchase agreements as presented in the Consolidated Statements of Financial Condition as of March 31, 2013 and December 31, 2012.

	March 31, 2013						December 31, 2012
	Reverse Repurchase  Agreements			Repurchase  Agreements			Reverse Repurchase  Agreements			Repurchase Agreements
	(dollars in thousands)
Gross Amounts	$	7,041,379		$	102,430,856		$	3,650,053		$	104,624,655
Amounts Offset		(2,107,914	)		(2,107,914	)		(1,838,958	)		(1,838,958	)
Netted Amounts	$	4,933,465		$	100,322,942		$	1,811,095		$	102,785,697