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Other Borrowings and Corporate Debt
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
CORPORATE DEBT AND OTHER BORROWINGS
NOTE 10—OTHER BORROWINGS AND CORPORATE DEBT
Other Borrowings
The following table presents the Company's external lines of credit at June 30, 2020 (dollars in millions):
DescriptionMaturity DateBorrowerOutstandingAvailable
Senior unsecured, committed revolving credit facility(1)
June 2024ETFC$—  $300  
FHLB secured credit facilityDetermined at tradeETB$—  $5,960  
Federal Reserve Bank discount windowOvernightETB$—  $1,077  
Senior unsecured, committed revolving credit facility(2)
June 2021ETS$—  $550  
Secured, committed lines of creditJune 2021ETS$—  $175  
Unsecured, uncommitted lines of creditNoneETS$—  $75  
Secured, uncommitted lines of creditNoneETS$—  $425  
(1)The senior unsecured committed revolving credit facility contains certain covenants, including maintenance covenants related to the Company's interest coverage, leverage and regulatory net capital ratios with which the Company was in compliance at June 30, 2020.
(2)On June 19, 2020, E*TRADE Securities entered into a 364-day, $550 million senior unsecured committed revolving credit facility, which replaced its 364-day senior unsecured committed revolving credit facility entered into on June 21, 2019. The senior unsecured committed revolving credit facility contains certain covenants, including maintenance covenants related to E*TRADE Securities' minimum consolidated tangible net worth and regulatory net capital ratio with which the Company was in compliance at June 30, 2020.
E*TRADE Securities had an unsecured uncommitted line of credit of $50 million with an unaffiliated bank that matured in June 2020.
Corporate Debt
The following tables present the significant components of E*TRADE Financial's corporate debt (dollars in millions):
Face ValueDiscountNet
June 30, 2020:
Interest-bearing notes:
2.95% Senior Notes, due 2022$600  $(2) $598  
3.80% Senior Notes, due 2027400  (3) 397  
4.50% Senior Notes, due 2028420  (3) 417  
Total corporate debt$1,420  $(8) $1,412  
December 31, 2019:
Interest-bearing notes:
2.95% Senior Notes, due 2022$600  $(3) $597  
3.80% Senior Notes, due 2027400  (3) 397  
4.50% Senior Notes, due 2028420  (4) 416  
Total corporate debt$1,420  $(10) $1,410