FHLB ADVANCES AND OTHER BORROWINGS

The table below shows the maturity dates of outstanding FHLB advances.



	September 30, 2017		September 30, 2016
	(In thousands)
FHLB advances
Within 1 year	$	1,395,000	$	200,000
1 to 3 years	430,000		880,000
3 to 5 years	400,000		700,000
More than 5 years	—		300,000
	$	2,225,000	$	2,080,000

There were no advances included in the above table that are callable by the FHLB.

Financial data pertaining to the weighted-average cost and the amount of FHLB advances were as follows.



	2017			2016			2015
	(In thousands)
Weighted average interest rate, net of cash flow hedges, at end of year	2.80		%	3.15		%	3.35		%
Weighted daily average interest rate, net of cash flow hedges, during the year	3.00		%	3.22		%	3.57		%
Daily average of FHLB advances during the year	$	2,167,986		$	1,992,434		$	1,848,904
Maximum amount of FHLB advances at any month end	$	2,350,000		$	2,080,000		$	1,930,000
Interest expense during the year (excludes interest rate swap expense)	$	64,968		$	64,058		$	64,331

The Bank has a credit line with the Federal Home Loan Bank of Des Moines ("FHLB") equal to 48% of total assets.

The Bank has entered into borrowing agreements with the FHLB to borrow funds under a short-term floating rate cash management advance program and a fixed-rate term loan agreements. All borrowings are secured by stock of the FHLB, deposits with the FHLB and a blanket pledge of qualifying loans receivable as provided in the agreements with the FHLB.