Other Borrowings

3 Months Ended

Mar. 31, 2016

Other Borrowings Disclosure [Abstract]

Other borrowings at March 31, 2016 and December 31, 2015, were as follows (dollars in millions):



	March 31, 2016		December 31, 2015
Trust preferred securities⁽¹⁾	$	409	$	409
Repurchase Agreements⁽²⁾	—		82
Total other borrowings	$	409	$	491


(1)	The Company's TRUPs do not begin maturing until 2031.


(2)	The maximum amount at any month end for repurchase agreements was $3.8 billion for the year ended December 31, 2015.

External Line of Credits maintained at E*TRADE Clearing

E*TRADE Clearing's external liquidity lines total to $995 million as of March 31, 2016 and include the following:


•	secured committed lines of credit with two unaffiliated banks, aggregating to $175 million and scheduled to mature in June 2016;


•	secured uncommitted lines of credit with several unaffiliated banks aggregating to $375 million that have no maturity dates;


•	unsecured uncommitted lines of credit with two unaffiliated banks aggregating to $100 million, of which $75 million is scheduled to mature in August 2016 and the remaining line has no maturity date; and


•	a 364-day, $345 million senior unsecured revolving credit facility with a syndicate of banks that matures in June 2016.

The credit facility contains maintenance covenants relating to E*TRADE Clearing's minimum consolidated tangible net worth and regulatory net capital ratio. There were no outstanding balances for these lines at March 31, 2016.