Capital One 2012 Annual Report Download - page 227

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Other Debt
We filed a new shelf registration statement with the U.S. Securities & Exchange Commission (“SEC”) on
April 30, 2012, which will expire three years from the filing date, under which, from time to time, we may offer
and sell an indeterminate aggregate amount of senior or subordinated debt securities, preferred stock, depository
shares, common stock, purchase contracts, warrants and units. There is no limit under this shelf registration
statement to the amount or number of such securities that we may offer and sell.
Senior and Subordinated Notes
As of December 31, 2012, we had $12.7 billion of senior and subordinated notes outstanding, net of a fair value
hedging loss of $857 million. As of December 31, 2011, we had $11.0 billion of senior and subordinated notes
outstanding, net of a fair value hedging loss of $823 million. In 2012, we issued $2.3 billion in senior notes,
which was partially offset by $632 million in maturities of senior and subordinated notes. The new senior notes
were issued in three series, each due in 2015.
See “Note 11—Derivative Instruments and Hedging Activities” for information about our fair value hedging
activities.
Junior Subordinated Debentures
We had $3.6 billion of outstanding junior subordinated debentures as of both December 31, 2012 and 2011,
respectively. All outstanding principal amounts of the junior subordinated debentures were redeemed on
January 2, 2013.
FHLB Advances
In addition to issuance capacity under the shelf registration statement, we have access to other borrowing
programs, including advances from the FHLB. Our FHLB membership is secured by our investment in FHLB
stock which totaled $1.3 billion and $362 million as of December 31, 2012 and 2011, respectively, and is
included in other assets on our consolidated balance sheets.
We had outstanding FHLB advances, which were secured by our investment securities, residential home loans,
multifamily loans, commercial real-estate loans and home equity lines of credit, totaling $20.9 billion and $6.9
billion as of December 31, 2012 and 2011, respectively.
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