Offsetting, Resale and Repurchase Agreements [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts Not Offset in the Balance Sheet | | (In thousands) | Gross Amount Recognized | Gross Amounts Offset on the Balance Sheet | Net Amounts Presented on the Balance Sheet | Financial Instruments Available for Offset | Securities Collateral Received/Pledged | Unsecured amount | December 31, 2021 | | | | | | | Total resale agreements, subject to master netting arrangements | $ | 2,025,000 | | $ | (400,000) | | $ | 1,625,000 | | $ | — | | $ | (1,625,000) | | $ | — | | Total repurchase agreements, subject to master netting arrangements | 3,379,582 | | (400,000) | | 2,979,582 | | — | | (2,979,582) | | — | | December 31, 2020 | | | | | | | Total resale agreements, subject to master netting arrangements | $ | 1,050,000 | | $ | (200,000) | | $ | 850,000 | | $ | — | | $ | (850,000) | | $ | — | | Total repurchase agreements, subject to master netting arrangements | 2,256,113 | | (200,000) | | 2,056,113 | | — | | (2,056,113) | | — | |
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Schedule of Underlying Assets of Repurchase Agreements [Table Text Block] |
The table below shows the remaining contractual maturities of repurchase agreements outstanding at December 31, 2021 and 2020, in addition to the various types of marketable securities that have been pledged by the Company as collateral for these borrowings.
| | | | | | | | | | | | | | | | Remaining Contractual Maturity of the Agreements | | (In thousands) | Overnight and continuous | Up to 90 days | Greater than 90 days | Total | December 31, 2021 | | | | | Repurchase agreements, secured by: | | | | | U.S. government and federal agency obligations | $ | 600,866 | | $ | 33,373 | | $ | 9,259 | | $ | 643,498 | | | | | | | | | | | | Agency mortgage-backed securities | 1,844,652 | | 3,908 | | 400,250 | | 2,248,810 | | Non-agency mortgage-backed securities | 32,299 | | — | | — | | 32,299 | | Asset-backed securities | 422,525 | | — | | — | | 422,525 | | Other debt securities | 32,450 | | — | | — | | 32,450 | | Total repurchase agreements, gross amount recognized | $ | 2,932,792 | | $ | 37,281 | | $ | 409,509 | | $ | 3,379,582 | | December 31, 2020 | | | | | Repurchase agreements, secured by: | | | | | U.S. government and federal agency obligations | $ | 150,305 | | $ | — | | $ | — | | $ | 150,305 | | | | | | | | | | | | Agency mortgage-backed securities | 1,598,614 | | 34,018 | | 220,849 | | 1,853,481 | | Non-agency mortgage-backed securities | 62,742 | | — | | — | | 62,742 | | Asset-backed securities | 155,917 | | — | | — | | 155,917 | | Other debt securities | 33,668 | | — | | — | | 33,668 | | Total repurchase agreements, gross amount recognized | $ | 2,001,246 | | $ | 34,018 | | $ | 220,849 | | $ | 2,256,113 | |
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