Capital One 2008 Annual Report Download - page 85

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Table 12 summarizes the amounts and maturities of the contractual funding obligations of the Company, including off-balance sheet
funding.
Table 12: Contractual Funding Obligations
As of December 31, 2008
Total Up to 1 year 1-3 years 4-5 years After 5 years
Interest-bearing time deposits(1).........................
.
$ 47,125,682 $ 16,285,419 $ 19,510,165 $ 8,714,897 $ 2,615,201
Senior and subordinated notes ..........................
.
8,308,843 1,447,245 1,626,511 1,483,635 3,751,452
Other borrowings(2) ............................................
.
14,869,648 4,995,418 8,064,669 8,908 1,800,653
Operating leases................................................
.
1,231,829 132,780 241,673 222,935 634,441
Off-balance sheet securitization amortization(3)
.
44,299,597 6,932,463 20,677,117 8,026,987 8,663,030
Total obligations ...............................................
.
$ 115,835,599 $ 29,793,325 $ 50,120,135 $ 18,457,362 $ 17,464,777
(1) Includes only those interest bearing deposits which have a contractual maturity date.
(2) Other borrowings includes secured borrowings for the Companys on-balance sheet auto loan securitizations, junior
subordinated capital income securities and debentures, FHLB advances, federal funds purchased and resale agreements and
other short-term borrowings.
(3) Includes scheduled maturities of the external investors interest in securitizations.
Corporation Shelf Registration Statement
As of December 31, 2008, the Corporation had an effective shelf registration statement under which the Corporation from time to time
may offer and sell an indeterminate aggregate amount of senior or subordinated debt securities, preferred stock, depositary shares
representing preferred stock, common stock, warrants, trust preferred securities, junior subordinated debt securities, guarantees of trust
preferred securities and certain back-up obligations, purchase contracts and units. There is no limit under this shelf registration
statement to the amount or number of such securities that the Corporation may offer and sell. Under SEC rules, the Automatic Shelf
Registration Statement expires three years after filing. Accordingly, the Corporation must file a new Automatic Shelf Registration
Statement at least once every three years. The Automatic Shelf Registration Statement must be updated by May 2009 to remain
effective.
Borrowing Capacity
The Company has access to a variety of established funding sources. Table 13 illustrates details of the Companys Global Bank Note
Program, FHLB Advance capacity, securitization warehouses and conduits and government programs as of December 31, 2008.
Table 13: Borrowing Capacity
(Dollars or dollar equivalents in millions)
Effective/
Issue Date
Capacity (1) Outstanding Availability(1)
Final
Maturity(2)
Senior and Subordinated Global Bank Note Program ............. 6/05 $ 3,561 $ 1,761 $ 1,800 
FHLB Advances(3) ....................................................................  $ 12,733 $ 4,877 $ 7,856 
Capital One Auto Loan Facility I............................................. 3/02 $ 1,050 $  $ 1,050 
Capital One Auto Loan Facility II ........................................... 3/05 $ 500 $  $ 500 
Committed Securitization Conduits(4).......................................  $ 12,020 $ 6,173 $ 5,847 09/11
FDIC Debt Guarantee Program................................................  $ 1,200 $  $ 1,200 06/12
Federal Reserve Discount Window..........................................  $ 4,200 $  $ 4,200 
Federal Reserve Term Auction Facility ...................................  $ 2,100 $  $ 2,100 
(1) All funding sources are non-revolving except for the Capital One Auto Loan Facilities. Funding availability under all other
sources is subject to market conditions. Capacity is the maximum amount that can be borrowed. Availability is the amount that
can still be borrowed against the facility.
(2) Maturity date refers to the date the facility terminates, where applicable.
(3) There are no effective or final maturity dates on the available lines for FHLB Advances. The ability to draw down funding is
based on membership status, and the amount is dependent upon the Banks ability to post collateral.
(4) Securitization committed capacity was established at various dates and is scheduled to terminate between 03/09 and 09/11.