Short-Term Borrowings

6 Months Ended

Jun. 30, 2011

Short-Term Borrowings

Short-Term Borrowings

NOTE 10 – SHORT-TERM BORROWINGS

The following table presents the distribution of Old National's short-term borrowings and related weighted-average interest rates as of June 30, 2011:

								Other
		Federal Funds			Repurchase			Short-term
(dollars in thousands)		Purchased			Agreements			Borrowings			Total
2011
Outstanding at June 30, 2011	$	1,385		$	294,709		$	9,111		$	305,205
Average amount outstanding		1,783			337,524			8,861			348,168
Maximum amount outstanding at
any month-end		17,178			366,103			10,665
Weighted average interest rate:
During six months ended
June 30, 2011		0.05	%		0.15	%		0.04	%		0.15	%
At June 30, 2011		0			0.14			0			0.14

Other Short-term Borrowings

As of June 30, 2011, Old National had $9.1 million of Treasury funds under the Treasury Tax and Loan Account program. These funds typically have a short duration, are collateralized and can be withdrawn by the Treasury Department at any time. At June 30, 2011, the effective interest rate on these funds was 0%.