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Borrowings (Tables)
6 Months Ended
Jun. 30, 2013
Borrowings  
Summary of borrowings and their weighted average rates

 

 

At June 30, 2013

 

At December 31, 2012

 

(Dollars in Thousands)

 

Amount

 

Weighted
Average
Rate

 

Amount

 

Weighted
Average
Rate

 

Federal funds purchased

 

$

280,000

 

0.27%

 

$

 

—%

 

Reverse repurchase agreements

 

1,100,000

 

4.08

 

1,100,000

 

4.32

 

FHLB-NY advances

 

2,394,000

 

2.01

 

2,897,000

 

2.07

 

Other borrowings, net

 

247,895

 

5.00

 

376,496

 

6.62

 

Total borrowings, net

 

$

4,021,895

 

2.64%

 

$

4,373,496

 

3.03%

 

Schedule of contractual maturities of FHLB-NY advances and reverse repurchase agreements

(In Thousands)

 

FHLB-NY
Advances

 

Reverse
Repurchase
Agreements

 

Contractual Maturity:

 

 

 

 

 

Twelve months or less

 

$

644,000

(1)

$

 

Thirteen to twenty-four months

 

50,000

 

200,000

(2)

Twenty-five to thirty-six months

 

725,000

 

 

Thirty-seven to forty-eight months

 

125,000

 

600,000

(2)

Over sixty months

 

850,000

(3)

300,000

(4)

Total

 

$

2,394,000

 

$

1,100,000

 

 

(1)

Includes $119.0 million of borrowings due overnight, $200.0 million of borrowings due in less than 30 days, $125.0 million of borrowings due in 30-90 days and $200.0 million of borrowings due after 90 days.

(2)

Callable within the next three months and on a quarterly basis thereafter.

(3)

Callable in 2017.

(4)

Includes $100.0 million of borrowings which are callable within the next three months and on a quarterly basis thereafter, $100.0 million of borrowings which are callable in 2016 and $100.0 million of borrowings which are callable in 2017.