Capital One 2013 Annual Report Download - page 129

Table 29 provides information on short-term borrowings, which consist of borrowings with an original
contractual maturity of one year or less and therefore does not include the current portion of long-term debt. Our
short-term borrowings typically have not represented a significant portion of our overall funding.
Table 29: Short-Term Borrowings
Year Ended December 31,
2013 2012 2011
(Dollars in millions)
Outstanding
Amount
Interest
Rate
Outstanding
Amount
Interest
Rate
Outstanding
Amount
Interest
Rate
Average during the period:
Federal funds purchased and repurchase
agreements .......................... $ 1,614 0.11% $1,018 0.18% $2,186 0.21%
FHLB advances ........................ 12,048 0.23 7,169 0.25 1,110 0.19
Total short-term borrowings .............. $13,662 0.22% $8,187 0.24% $3,296 0.20%
December 31,
2013 2012 2011
(Dollars in millions) Amount
Weighted
Average
Interest
Rate
Maximum
Month-End
Outstanding
Amount Amount
Weighted
Average
Interest
Rate
Maximum
Month-End
Outstanding
Amount Amount
Weighted
Average
Interest
Rate
Maximum
Month-End
Outstanding
Amount
Period-end balance:
Federal funds purchased and
repurchase agreements ..... $ 915 0.06% $ 2,258 $ 1,248 0.28% $ 1,381 $1,464 0.30% $2,111
FHLB advances ............. 15,300 0.25 16,600 19,900 0.27 19,900 5,835 0.13 5,835
Total short-term borrowings . . . $16,215 0.24% $21,148 0.27% $7,299 0.16%
Table 30 displays the maturity profile, based on contractual maturities, of our securitized debt obligations and
other debt as of December 31, 2013. We provide additional information on our short-term borrowings and long-
term debt in “Note 9—Deposits and Borrowings.”
Table 30: Contractual Maturity Profile of Outstanding Debt
December 31, 2013
(Dollars in millions)
Up to
1 Year
> 1 Year
to 2 Years
> 2 Years
to 3 Years
> 3 Years
to 4 Years
> 4 Years
to 5 Years > 5 Years Total
Short-term borrowings:
Federal funds purchased and securities
loaned or sold under agreements to
repurchase ..................... $915$— $— $— $— $—$915
FHLB advances ................... 15,300 —————15,300
Total short-term borrowings ......... 16,215 —————16,215
Long-term debt:
Securitized debt obligations ......... 2,958 501 3,521 3,095 — 214 10,289
Senior and subordinated notes:
Unsecured senior debt .......... 2,284 2,649 1,481 882 1,176 1,992 10,464
Unsecured subordinated debt .... 101 — 1,123 — — 1,446 2,670
Total senior and subordinated notes . . . 2,385 2,649 2,604 882 1,176 3,438 13,134
Other long-term borrowings:
FHLB advances ............... 943 20 19 19 11 4 1,016
Total long-term debt(1) ............. 6,286 3,170 6,144 3,996 1,187 3,656 24,439
Total short-term borrowings and long-
term debt ...................... $22,501 $3,170 $6,144 $3,996 $1,187 $3,656 $40,654
Percentage of total ................ 55% 8% 15% 10% 3% 9% 100%
(1) Includes unamortized discounts, premiums and other cost basis adjustments, which together result in a net reduction of $236 million as
of December 31, 2013.
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