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Master Netting And Similar Agreements
3 Months Ended
Mar. 31, 2014
Master Netting Agreements And Similar Arrangements [Abstract]  
Master Netting Agreements And Similar Arrangements

Note 16 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions

 

For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default. Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN's capital markets' business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN's repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement. For asset positions, the collateral is not included on FHN's Consolidated Condensed Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN's trading or available-for-sale securities portfolios.

 

For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

 

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of March 31:

 

           Gross amounts not offset in the    
           Statement of Condition    
    Gross amounts Net amounts of Offsetting Securities collateral    
 Gross amounts offset in the  assets presented securities sold (not recognized on     
 of recognized Statement of in the Statement under agreements FHN's Statement    
(Dollars in thousands)assets Condition of Condition to repurchase of Condition) Net amount 
Securities purchased under agreements to resell:                  
2014$ 605,276 $ - $ 605,276 $ (5,827) $ (591,273) $ 8,176 
2013  732,696   -   732,696   (2,196)   (723,195)   7,305 

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of March 31:

 

           Gross amounts not offset in the     
           Statement of Condition    
    Gross amounts Net amounts of Offsetting       
 Gross amounts offset in the  liabilities presentedsecurities       
 of recognized Statement of in the Statement purchased under Securities    
(Dollars in thousands)liabilities Condition of Condition agreements to resellCollateral Net amount 
Securities sold under agreements to repurchase:                  
2014$ 411,795 $ - $ 411,795 $ (5,827) $ (405,908) $ 60 
2013  488,010   -   488,010   (2,196)   (485,766)   48