REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Repurchase Agreements Remaining Maturity and Weighted Average Rates

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

	December 31, 2013					December 31, 2012
	Repurchase Agreements		Weighted Average Rate			Repurchase Agreements		Weighted Average Rate
		(dollars in thousands)
1 day	$	-		0.00	%	$	-		0.00	%
2 to 29 days		21,171,574		0.36	%		33,191,448		0.50	%
30 to 59 days		13,373,921		0.43	%		28,383,851		0.45	%
60 to 89 days		3,592,266		0.44	%		8,602,680		0.42	%
90 to 119 days		4,010,334		0.52	%		4,804,671		0.57	%
Over 120 days		19,632,906		1.29	%		27,803,047		1.03	%
Total	$	61,781,001		0.68	%	$	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 the gross amounts of reverse repurchase agreements and 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 December 31, 2013 and 2012.

	December 31, 2013						December 31, 2012
	Reverse Repurchase Agreements			Repurchase Agreements			Reverse Repurchase Agreements			Repurchase Agreements
	(dollars in thousands)
Gross Amounts	$	2,524,980		$	64,205,981		$	3,650,053		$	104,624,655
Amounts Offset		(2,424,980	)		(2,424,980	)		(1,838,958	)		(1,838,958	)
Netted Amounts	$	100,000		$	61,781,001		$	1,811,095		$	102,785,697