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Borrowed Funds (Tables)
 3 Months Ended
Mar. 31, 2012
Summary of Borrowed Funds

The following table summarizes the Company’s borrowed funds at March 31, 2012 and December 31, 2011:

 

(in thousands)         March 31,     
2012		    December 31,
2011

FHLB advances

         $  9,629,849           $  9,314,193  

Repurchase agreements

        4,125,000          4,125,000  

Junior subordinated debentures

        426,982          426,936  

Senior notes

        89,993          89,984  

Preferred stock of subsidiaries

        4,300          4,300  
    

 

 

       

 

 

  

Total borrowed funds

         $14,276,124           $13,960,413  
    

 

 

       

 

 

  
Summary of Outstanding Capital Securities and Carrying Amounts of Junior Subordinated Debentures Issued by each Trust

The following table provides a summary of the outstanding capital securities issued by each trust and the carrying amounts of the junior subordinated debentures issued by the Company to each trust as of March 31, 2012:

 

Issuer    Interest Rate of
Capital Securities
and Debentures		  

Junior
Subordinated

Debenture

Carrying

Amount

    Capital
Securities
Amount
Outstanding		   

Date of

Original Issue

    Stated Maturity    First Optional
Redemption Date

 
         (dollars in thousands)               

 

Haven Capital Trust II

       10.250%    $  23,333    $  22,550    May 26, 1999    June 30, 2029    June 30, 2009(1)

Queens County Capital Trust I

    11.045        10,309        10,000    July 26, 2000    July 19, 2030    July 19, 2010(2)

Queens Statutory Trust I

    10.600        15,464        15,000    September 7, 2000    September 7, 2030    September 7, 2010(1)

New York Community Capital Trust V

      6.000      143,846      137,495    November 4, 2002    November 1, 2051    November 4, 2007(2)

New York Community Capital Trust X

      2.074      123,712      120,000    December 14, 2006    December 15, 2036    December 15, 2011(3)

LIF Statutory Trust I

    10.600          7,732          7,500    September 7, 2000    September 7, 2030    September 7, 2010(1)

PennFed Capital Trust II

    10.180        12,372        12,000    March 28, 2001    June 8, 2031    June 8, 2011(1)

PennFed Capital Trust III

      3.724        30,928        30,000    June 2, 2003    June 15, 2033    June 15, 2008(3)

New York Community Capital Trust XI

      2.120        59,286        57,500    April 16, 2007    June 30, 2037    June 30, 2012(3)
      $426,982    $412,045         

 

(1) Callable at a premium from this date forward.
(2) Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.
(3) Callable from this date forward.