Short-Term Borrowings

12 Months Ended

Dec. 31, 2013

Short Term Borrowings [Abstract]

Short-Term Borrowings [Text Block]

Note 9 – Short-term Borrowings

Short-term borrowings include federal funds purchased and securities sold under agreements to repurchase, trading liabilities, and other borrowed funds.

Federal funds purchased and securities sold under agreements to repurchase generally have maturities of less than 90 days. Trading liabilities, which represent short positions in securities, are generally held for less than 90 days. Other short-term borrowings have original maturities of one year or less. On December 31, 2013, capital markets trading securities with a fair value of $122.1million were pledged to secure other short-term borrowings.

The detail of these borrowings for the years 2013, 2012 and 2011 is presented in the following table:
(Dollars in thousands)		Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Trading Liabilities			Other Short-term Borrowings
2013
Average balance	$	1,263,792		$	487,923		$	665,095		$	299,288
Year-end balance		1,042,633			442,789			368,348			181,146
Maximum month-end outstanding		1,429,319			618,643			895,844			1,057,412
Average rate for the year		0.25	%		0.14	%		2.05	%		0.27	%
Average rate at year-end		0.25			0.10			2.46			0.43
2012
Average balance	$	1,548,020		$	380,871		$	589,461		$	450,690
Year-end balance		1,351,023			555,438			564,429			441,201
Maximum month-end outstanding		1,700,172			555,438			808,139			1,270,180
Average rate for the year		0.25	%		0.18	%		1.77	%		0.15	%
Average rate at year-end		0.25			0.15			1.88			0.25
2011
Average balance	$	1,599,718		$	560,215		$	609,772		$	290,344
Year-end balance		1,546,428			340,624			347,285			172,550
Maximum month-end outstanding		1,670,515			994,047			709,642			643,094
Average rate for the year		0.25	%		0.17	%		2.45	%		0.29	%
Average rate at year-end		0.25			0.12			2.34			0.08