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Borrowings

9 Months Ended

Sep. 30, 2012

NOTE 6. Borrowings

Other short-term borrowings


	September 30, 2012		December 31, 2011
Securities sold under repurchase agreements ⁽¹⁾	$	306,257	$	292,616
Federal funds purchased		456,000		318,000
Swap collateral		0		2,690

Total short-term borrowings	$	762,257	$	613,306

⁽¹⁾	Securities sold under agreement to repurchase are classified as secured short-term borrowings and are recorded at the amount of cash received in connection with the transaction. The securities underlying the repurchase agreements remain in available-for-sale investment securities.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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