Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2014

Fair value of assets measured on recurring basis

The following table presents the balance of assets measured at fair value on a recurring basis at September 30, 2014 and September 30, 2013:



	Fair Value at September 30, 2014
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	101,387	$	—	$	—	$	101,387
Obligations of U.S. government	—		731,943		—		731,943
Obligations of states and political subdivisions	—		23,681		—		23,681
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		509,007		—		509,007
Agency pass through mortgage-backed securities	—		1,584,508		—		1,584,508
Other commercial MBS	—		98,916		—		98,916
Other debt securities	—		—		—		—
Balance at end of period	$	101,387	$	2,948,055	$	—	$	3,049,442

Aggregated balance of assets measured at estimated fair value on a nonrecurring basis and total losses resulting from those fair value adjustments

The following table presents the aggregated balance of assets measured at estimated fair value on a nonrecurring basis for the year ended September 30, 2014, and the total losses resulting from those fair value adjustments for the quarter and year ended September 30, 2014. These estimated fair values are shown gross of estimated selling costs:



	As of September 30, 2014								Quarter Ended September 30, 2014		Year Ended September 30, 2014
	Level 1		Level 2		Level 3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	10,156	$	10,156	$	—	$	(1,311	)
Covered REO (2)	—		—		10,520		10,520		113		616
Real estate held for sale (2)	—		—		51,624		51,624		1,878		18,660
Balance at end of period	$	—	$	—	$	72,300	$	72,300	$	1,991	$	17,965

___________________


(1)	The losses represent remeasurements of collateral-dependent loans.


(2)	The losses represent aggregate writedowns and charge-offs on real estate held for sale.