Cash and Cash Equivalents

12 Months Ended

Jun. 30, 2013

(5) Cash and Cash Equivalents

The following table summarizes our cash and cash equivalents:


	June 30,
	2013		2012
	(dollars in thousands)
Cash equivalents (money market funds)	$	33,032	$	80,574
Interest-bearing deposits with the Federal Reserve		24,906		27,396
Interest-bearing deposits with banks		22,438		14,026
Non-interest-bearing deposits with banks		1,334		1,302
Federal funds sold		200		199

Total cash and cash equivalents	$	81,910	$	123,497

Cash and cash equivalents of Union Federal of $27.0 million and $29.9 million at June 30, 2013 and June 30, 2012, respectively, were not available for dividends without prior approval from the Office of the Comptroller of the Currency (OCC), Union Federal’s regulator.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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