Capital One 2015 Annual Report Download - page 110

91 Capital One Financial Corporation (COF)
Table 32 presents the contractual maturities of large-denomination domestic time deposits of $100,000 or more as of December 31,
2015 and 2014. Our funding and liquidity management activities factor into the expected maturities of these deposits. Based on
past activity, we expect to retain a portion of these deposits as they mature. Accordingly, we expect the actual net cash outflows
will be less than the contractual maturity amounts.
Table 32: Maturities of Large-Denomination Domestic Time Deposits—$100,000 or More
December 31,
2015 2014
(Dollars in millions) Amount % of Total Amount % of Total
Up to three months. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 271 14.3% $ 492 21.8%
> 3 months to 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 213 11.3 403 17.8
> 6 months to 12 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315 16.7 653 28.9
> 12 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,090 57.7 713 31.5
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,889 100.0% $ 2,261 100.0%
Short-Term Borrowings and Long-Term Debt
We access the capital markets to meet our funding needs through the issuance of senior and subordinated notes, securitized debt
obligation transactions, and federal funds purchased and securities loaned or sold under agreements to repurchase. In addition, we
may utilize short-term and long-term FHLB advances secured by our investment securities, residential home loans, multifamily
real estate loans, commercial real estate loans and home equity lines of credit. A portion of our long-term FHLBs are structured
with a three-month call option at our discretion.
Our short-term borrowings include those borrowings with an original contractual maturity of one year or less and do not include
the current portion of long-term debt. The short-term borrowings, which consist of federal funds purchased and securities loaned
or sold under agreements to repurchase, and short-term FHLB advances, decreased by $16.1 billion to $981 million as of
December 31, 2015 from December 31, 2014 as we extended the maturity of our FHLB advances during 2015.
Our long-term debt, which primarily consists of securitized debt obligations, senior and subordinated notes, and long-term FHLB
advances, increased by $26.8 billion to $58.1 billion as of December 31, 2015 from December 31, 2014. The increase was primarily
attributable to net increases of $19.0 billion in long-term callable FHLB advances, $4.5 billion in securitized debt obligations and
$3.2 billion in unsecured notes.