Capital One 2014 Annual Report Download - page 220

FHLB Advances and Other
In addition to the issuance capacity under the registration statement, we also have access to funding through the
FHLB system and the Federal Reserve Discount Window. Our FHLB and Federal Reserve memberships require us
to hold FHLB and Federal Reserve stock which totaled $2.0 billion and $1.9 billion as of December 31, 2014 and
2013, respectively, and are included in other assets on our consolidated balance sheets.
We had outstanding FHLB advances and lines of credit, which were secured by our investment securities, residential
home loans, multifamily real estate loans, commercial real estate loans and HELOCs, totaling $17.3 billion and $16.3
billion as of December 31, 2014 and 2013, respectively.
We have access to short-term borrowings through the Federal Reserve. Our membership with the Federal Reserve
is secured by our investment in Federal Reserve stock, totaling $1.2 billion, as of both December 31, 2014 and 2013.
We did not access the Federal Reserve Discount Window for funding during 2014 or 2013.
Composition of Deposits, Short-Term Borrowings and Long-Term Debt
The table below summarizes the components of our deposits, short-term borrowings and long-term debt as of
December 31, 2014 and 2013. Our total short-term borrowings consist of federal funds purchased and securities
loaned or sold under agreements to repurchase and other short-term borrowings with an original contractual maturity
of one year or less. Our long-term debt consists of borrowings with an original contractual maturity of greater than
one year. The amounts presented for outstanding borrowings include unamortized debt premiums and discounts,
net of fair value hedge accounting adjustments.
Table 9.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
December 31,
(Dollars in millions) 2014 2013
Deposits:
Non-interest bearing deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,081 $ 22,643
Interest-bearing deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,467 181,880
Total deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $205,548 $204,523
Short-term borrowings:
Federal funds purchased and securities loaned or sold under
agreements to repurchase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 880 $ 915
FHLB advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,200 15,300
Total short-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17,080 $ 16,215
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CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)