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Offsetting Assets and Liabilities (Notes)
 12 Months Ended
Dec. 31, 2013
Offsetting of Assets and Liabilities [Abstract]  
Offsetting of Assets and Liabilities [Text Block]
Offsetting of Assets and Liabilities
The Company records financial instruments at fair value as described in Note 3. All financial instruments are recorded on a gross basis on the Condensed Statement of Assets, Liabilities, and Equity. In connection with its derivative, repurchase and reverse repurchase agreements, and the related trading agreements, the Company and its counterparties are required to pledge collateral. Cash or other collateral is exchanged as required with each of the Company's counterparties in connection with open derivative positions, repurchase agreements, and reverse repurchase agreements.
The following tables present information about certain assets and liabilities representing financial instruments as of December 31, 2013 and 2012. The Company has not entered into master netting agreements with any of its counterparties. Certain of the Company's repurchase and reverse repurchase agreements and financial derivative transactions are governed by underlying agreements that generally provide a right of offset in the event of default or in the event of a bankruptcy of either party to the transaction.
December 31, 2013:
Description
 
Amount of Assets (Liabilities) Presented in the Consolidated Statements of Assets, Liabilities, and Equity(1)
 
Financial Instruments Available for Offset
 
Financial Instruments Pledged as Collateral(2)(3)
 
Cash Collateral (Received) Pledged(2)(3)
 
Net Amount
(In thousands)
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
Financial derivatives–assets
 
$
59,664

 
$
(24,162
)
 
$
—

 
$
(17,273
)
 
$
18,229

Repurchase agreements
 
27,962

 
(27,962
)
 
—

 
—

 
—

Liabilities
 

 
 
 
 
 
 
 
 
Financial derivatives–liabilities
 
(44,791
)
 
24,162

 
—

 
20,629

 
—

Reverse repurchase agreements
 
(1,236,166
)
 
27,962

 
1,205,278

 
2,926

 
—

December 31, 2012:
Description
 
Amount of Assets (Liabilities) Presented in the Consolidated Statements of Assets, Liabilities, and Equity(1)
 
Financial Instruments Available for Offset
 
Financial Instruments Pledged as Collateral(2)(3)
 
Cash Collateral (Received) Pledged(2)(3)
 
Net Amount
(In thousands)
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
Financial derivatives–assets
 
$
48,504

 
$
(10,095
)
 
$
—

 
$
(30,550
)
 
$
7,859

Repurchase agreements
 
13,650

 
(13,650
)
 
—

 
—

 
—

Liabilities
 
 
 
 
 
 
 
 
 
 
Financial derivatives–liabilities
 
(15,212
)
 
10,095

 
—

 
5,117

 
—

Reverse repurchase agreements
 
(905,718
)
 
13,650

 
887,940

 
4,128

 
—

(1)
In the Company's Consolidated Statement of Assets, Liabilities, and Equity, all balances associated with repurchase agreements, reverse repurchase agreements, and financial derivatives are presented on a gross basis.
(2)
Total financial instruments pledged and cash collateral (received) or pledged can not exceed the gross amount of assets and (liabilities) as presented here. Therefore we have reduced the amount of financial instruments pledged as collateral related to our reverse repurchase agreements and cash collateral pledged on our financial derivative liabilities. Total financial instruments pledged as collateral on our reverse repurchase agreements as of December 31, 2013 and December 31, 2012 were $1.48 billion and $1.06 billion, respectively. As of December 31, 2013 and December 31, 2012, total cash collateral on financial derivative assets excludes excess net cash collateral pledged of $3.2 million and $0.3 million, respectively. As of December 31, 2013 and December 31, 2012, total cash collateral on financial derivative liabilities excludes excess cash collateral pledged of $36.4 million and $11.9 million, respectively.
(3)
As collateral is called or posted per counterparty it is generally called or posted across all positions with each respective counterparty.