Pledge Assets

12 Months Ended

Dec. 31, 2015

NOTE 4 - PLEDGED ASSETS

The following table shows a summary of pledged and not pledged assets at December 31, 2015 and 2014. Investment securities are presented at fair value, and residential mortgage loans, commercial loans and leases are presented at amortized cost:

	December 31,
	2015		2014
	(In thousands)
Pledged investment securities to secure:
Securities sold under agreements to repurchase	$	1,021,370	$	1,088,526
Derivatives		8,100		7,043
Puerto Rico Cash & Money Market Fund		81,576		76,259
Bond for the Bank's trust operations		379		105
Total pledged investment securities		1,111,425		1,171,933
Pledged residential mortgage loans to secure:
Advances from the Federal Home Loan Bank		1,095,810		1,013,106
Pledged commercial loans to secure:
Advances from the Federal Home Loan Bank		253,263		139,043
Federal Reserve Bank Credit Facility		12,877		179,895
Puerto Rico public fund deposits		410,932		414,481
		677,072		733,419
Pledged auto loans and leases to secure:
Federal Reserve Bank Credit Facility		-		884,339
Total pledged assets	$	2,884,307	$	3,802,797
Financial assets not pledged:
Investment securities	$	483,373	$	207,357
Residential mortgage loans		379,065		586,040
Commercial loans		1,287,036		1,349,467
Consumer loans		295,492		266,498
Auto loans and leases		929,666		123,258
Total assets not pledged	$	3,374,632	$	2,532,620