Deposits and Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2012

Deposits and Borrowed Funds

Schedule of maturity distribution of time deposits

(in millions)	2013		2014		2015		2016		2017		Thereafter		Total
Time deposits, $100,000 and over	$	440.2	$	48.6	$	26.7	$	25.3	$	22.3	$	1.4	$	564.5
Other time deposits		173.5		17.8		4.8		3.5		3.5		0.3		203.4
Total time deposits	$	613.7	$	66.4	$	31.5	$	28.8	$	25.8	$	1.7	$	767.9

Schedule of short-term borrowings and long-term debt

(in thousands) (1)	December 31, 2012		December 31, 2011
Short-term borrowings
Current portion of senior notes:
City National Corporation—5.125% Senior Notes Due February 2013	$	206,581	$	—
Federal funds purchased		1,214,200		50,000
Current portion of nonrecourse debt (5)		3,017		—
Total short-term borrowings	$	1,423,798	$	50,000
Long-term debt
Senior notes:
City National Corporation—5.125% Senior Notes Due February 2013	$	—	$	215,848
City National Corporation—5.25% Senior Notes Due September 2020		297,613		297,308
Subordinated debt:
City National Bank—9.00% Subordinated Notes Due July 2019 (2)		49,755		49,718
City National Bank—9.00% Subordinated Notes Due August 2019		74,876		74,858
City National Bank—Fixed and Floating Subordinated Notes due August 2019 (3)		54,909		54,895
City National Bank—5.375% Subordinated Notes Due July 2022		148,642		—
Junior subordinated debt:
Floating Rate Business Bancorp Capital Trust I Securities due November 2034 (4)		5,152		5,151
Nonrecourse debt (5)		75,104		—
Total long-term debt	$	706,051	$	697,778

(1)

The carrying value of certain borrowed funds is net of discount and issuance costs, which are being amortized into interest expense, as well as the impact of fair value hedge accounting, if applicable.

(2)

These notes bear a fixed interest rate of 9 percent for the initial five years from the date of issuance (July 15, 2009) and thereafter the rate is reset at the Bank's option to either LIBOR plus 600 basis points or to prime plus 500 basis points.

(3)

These notes bear a fixed interest rate of 9 percent for the initial five years from the date of issuance (August 12, 2009) and thereafter bear an interest rate equal to the three-month LIBOR rate plus 6 percent. The rate is reset quarterly and is subject to an interest rate cap of 10 percent throughout the term of the notes.

(4)

These floating rate securities pay interest of three-month LIBOR plus 1.965 percent which is reset quarterly. As of December 31, 2012, the interest rate was approximately 2.28 percent.

(5)

Nonrecourse debt bears interest at an average rate of 3.95 percent as of December 31, 2012 and has maturity dates ranging from January 2013 to December 2019.

Details regarding federal funds purchased, securities sold under repurchase agreements, and other short term borrowings

	2012							2011							2010
(in thousands)	Balances at Year-end		Average Balance		Average Rate			Balances at Year-end		Average Balance		Average Rate			Balances at Year-end		Average Balance		Average Rate
Federal funds purchased	$	1,214,200	$	52,051		0.09	%	$	50,000	$	3,145		0.07	%	$	—	$	29,131		0.10	%
Securities sold under repurchase agreements		—		—		—			—		—		—			—		134,178		3.92
Other short-term borrowings		—		—		—			—		694		—			620		711		0.08
Total	$	1,214,200	$	52,051		0.09	%	$	50,000	$	3,839		0.06	%	$	620	$	164,020		3.23	%
Maximum month-end balance
Federal funds purchased	$	1,214,200						$	100,000						$	99,394
Securities sold under repurchase agreements		—							—							200,000
Other short-term borrowings		—							720							750

Schedule of maturity distribution of long-term debt

(in millions)	2013		2014		2015		2016		2017		Thereafter		Total
Senior notes	$	—	$	—	$	—	$	—	$	—	$	297.6	$	297.6
Subordinated and junior subordinated debt		—		—		—		—		—		333.4		333.4
Nonrecourse debt		—		11.2		22.4		21.9		13.2		6.4		75.1
Total long-term debt	$	—	$	11.2	$	22.4	$	21.9	$	13.2	$	637.4	$	706.1