Huntington National Bank 2011 Annual Report Download - page 90

Table 30 — Federal Funds Purchased and Repurchase Agreements
2011 2010 2009 2008 2007
(dollar amounts in millions)
Balance at period-end
Federal Funds purchased and securities sold under agreements
to repurchase ...................................... $1,434 $1,966 $ 851 $1,289 $2,706
Other short-term borrowings ............................ 775 25 20 138
Weighted average interest rate at period-end
Federal Funds purchased and securities sold under agreements
to repurchase ...................................... 0.17% 0.19% 0.21% 0.36% 2.88%
Other short-term borrowings ............................ 2.74 0.53 1.17 3.45 1.66
Maximum amount outstanding at month-end during the
period
Federal Funds purchased and securities sold under agreements
to repurchase ...................................... $2,431 $2,084 $1,095 $3,307 $2,798
Other short-term borrowings ............................ 86 108 54 249 137
Average amount outstanding during the period
Federal Funds purchased and securities sold under agreements
to repurchase ...................................... $2,009 $1,375 $ 903 $2,328 $2,201
Other short-term borrowings ............................ 46 70 30 45 44
Weighted average interest rate during the period
Federal Funds purchased and securities sold under agreements
to repurchase ...................................... 0.16% 0.19% 0.21% 1.74% 4.09%
Other short-term borrowings ............................ 0.59 0.43 1.47 3.59 6.03
To the extent we are unable to obtain sufficient liquidity through core deposits, we may meet our liquidity
needs through wholesale funding. These sources include other domestic deposits of $250,000 or more, brokered
deposits and negotiable CDs, deposits in foreign offices, short-term borrowings, FHLB advances, other long-term
debt, and subordinated notes. At December 31, 2011, total wholesale funding was $6.6 billion, a decrease from
$8.4 billion at December 31, 2010. The $6.6 billion portfolio at December 31, 2011, had a weighted average
maturity of 3.9 years.
The Bank has access to the Federal Reserve Bank’s discount window. These borrowings are secured by
commercial loans and home equity lines-of-credit. The Bank is also a member of the FHLB, and as such, has
access to advances from this facility. These advances are generally secured by residential mortgages, other
mortgage-related loans, and available-for-sale securities. Information regarding amounts pledged, for the ability
to borrow if necessary, and unused borrowing capacity at both the Federal Reserve Bank and the FHLB is
outlined in the following table:
Table 31 — Federal Reserve Bank and FHLB-Cincinnati Borrowing Capacity
December 31,
(dollar amounts in billions) 2011 2010
Loans Pledged:
Federal Reserve Bank ................................................ $10.5 $ 9.7
FHLB ............................................................. 8.3 7.8
Total loans pledged ................................................... $18.8 $17.5
Total unused borrowing capacity at Federal Reserve Bank and FHLB ............ $10.5 $ 8.8
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