Note 10 - Other Assets

Significant balances included in other assets at December 31, 2013 and 2012 are presented below.



(in thousands)	2013		2012
Cash surrender value of bank-owned life insurance	$	278,863	271,036
Accrued interest receivable	63,959		70,138
Accounts receivable	34,347		21,371
FHLB and FRB Stock	77,487		66,168
Private equity investments	29,361		31,876
Prepaid FDIC deposit insurance assessments	—		34,401
Other prepaid expenses	28,990		28,576
Derivative asset positions	40,004		64,662
Other properties held for sale	9,451		9,871
Miscellaneous other assets	53,914		62,279
Total other assets	$	616,376	660,378

Synovus’ investment in company-owned life insurance programs was approximately $278.9 million and $271.0 million at December 31, 2013 and December 31, 2012, respectively, which included approximately $31.2 million and $30.9 million of separate account life insurance policies covered by stable value agreements. At December 31, 2013, the fair value of the investments underlying the separate account policies was within the coverage provided by the stable value agreements.

Synovus held stock in the FHLB of Atlanta totaling $76.9 million and $65.6 million at December 31, 2013 and December 31, 2012, respectively. Synovus also held stock in the Federal Reserve Bank totaling $546 thousand and $535 thousand at December 31, 2013 and December 31, 2012, respectively. Shares in the FHLB and Federal Reserve Bank are accounted for at amortized cost, which approximates fair value. In order to become a member of the Federal Reserve System, regulations require that Synovus hold a certain amount of Federal Reserve Bank capital stock. Additionally, investment in FHLB stock is required for membership in the FHLB system and in relation to the level of FHLB outstanding borrowings.