XML 31 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Offsetting Derivative and Other Financial Instruments
 3 Months Ended
Sep. 30, 2018
Offsetting [Abstract]  
Offsetting Derivative and Other Financial Instruments
Note 11: Offsetting Derivative and Other Financial Instruments
 
The Corporation's derivative transactions are generally governed by International Swaps and Derivatives Association Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties.  When the Corporation has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment, or booking office.  The Corporation's policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Statements of Financial Condition on a net basis.  The derivative assets and liabilities are comprised of mandatory loan sale commitments, TBA MBS trades and option contracts.
 
The following tables present the gross and net amounts of derivative assets and liabilities and other financial instruments as reported in the Corporation's Condensed Consolidated Statement of Financial Condition, and the gross amount not offset in the Corporation's Condensed Consolidated Statement of Financial Condition as of the dates indicated.
 
As of September 30, 2018:
    
Gross
Net
        
    
Amount
Amount
        
    
Offset in the
of Assets in
Gross Amount Not Offset in
  
    
Condensed
the Condensed
the Condensed Consolidated
  
 
Gross
Consolidated
Consolidated
Statements of Financial Condition
  
 
Amount of
Statements
Statements
  
 Cash
  
 
Recognized
of Financial
of Financial
Financial
Collateral
Net
(In Thousands)
Assets
Condition
Condition
Instruments
Received
Amount
Assets
                 
   Derivatives
 
$249
 
$—
 
$249
 
$—
 
$—
 
$249
Total
 
$249
 
$—
 
$249
 
$—
 
$—
 
$249
  
    
Gross
Net
        
    
Amount
Amount
        
    
Offset in the
of Liabilities in
Gross Amount Not Offset in
  
    
Condensed
the Condensed
the Condensed Consolidated
  
 
Gross
Consolidated
Consolidated
Statements of Financial Condition
  
 
Amount of
Statements
Statements
  
 Cash
  
 
Recognized
of Financial
of Financial
Financial
Collateral
Net
(In Thousands)
Liabilities
Condition
Condition
Instruments
Received
Amount
Liabilities
                 
   Derivatives
 
$10
 
$—
 
$10
 
$—
 
$—
 
$10
Total
 
$10
 
$—
 
$10
 
$—
 
$—
 
$10
 
As of June 30, 2018:
    
Gross
Net
        
    
Amount
Amount
        
    
Offset in the
of Assets in
Gross Amount Not Offset in
  
    
Condensed
the Condensed
the Condensed Consolidated
  
 
Gross
Consolidated
Consolidated
Statements of Financial Condition
  
 
Amount of
Statements
Statements
  
 Cash
  
 
Recognized
of Financial
of Financial
Financial
Collateral
Net
(In Thousands)
Assets
Condition
Condition
Instruments
Received
Amount
Assets
                 
   Derivatives
 
$—
 
$—
 
$—
 
$—
 
$—
 
$—
Total
 
$—
 
$—
 
$—
 
$—
 
$—
 
$—
 
    
Gross
Net
        
    
Amount
Amount
        
    
Offset in the
of Liabilities in
Gross Amount Not Offset in
  
    
Condensed
the Condensed
the Condensed Consolidated
  
 
Gross
Consolidated
Consolidated
Statements of Financial Condition
  
 
Amount of
Statements
Statements
  
 Cash
  
 
Recognized
of Financial
of Financial
Financial
Collateral
Net
(In Thousands)
Liabilities
Condition
Condition
Instruments
Received
Amount
Liabilities
                 
   Derivatives
 
$440
 
$—
 
$440
 
$—
 
$—
 
$440
Total
 
$440
 
$—
 
$440
 
$—
 
$—
 
$440