REPURCHASE AGREEMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Repurchase Agreements Remaining Maturity and Weighted Average Rates

At June 30, 2013 and December 31, 2012, the repurchase agreements had the following remaining maturities and weighted average rates:

	June 30, 2013					December 31, 2012
	Repurchase Agreements		Weighted Average Rate			Repurchase Agreements		Weighted Average Rate
	(dollars in thousands)
1 day	$	6,823,271		0.33	%	$	-		-
2 to 29 days		25,925,976		0.44	%		33,191,448		0.50	%
30 to 59 days		18,675,058		0.41	%		28,383,851		0.45	%
60 to 89 days		2,827,502		0.58	%		8,602,680		0.42	%
90 to 119 days		6,522,227		0.37	%		4,804,671		0.57	%
Over 120 days		20,623,301		1.27	%		27,803,047		1.03	%
Total	$	81,397,335		0.64	%	$	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 June 30, 2013 and December 31, 2012.

	June 30, 2013						December 31, 2012
	Reverse Repurchase Agreements			Repurchase Agreements			Reverse Repurchase Agreements			Repurchase Agreements
	(dollars in thousands)
Gross Amounts	$	6,540,117		$	87,766,218		$	3,650,053		$	104,624,655
Amounts Offset		(6,368,883	)		(6,368,883	)		(1,838,958	)		(1,838,958	)
Netted Amounts	$	171,234		$	81,397,335		$	1,811,095		$	102,785,697