Navy Federal Credit Union 2011 Annual Report Download - page 44

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NAVY FEDERAL CREDIT UNION28
e following table displays the amount of borrowed funds by maturity for each of the next ve years as of December 31, 2011:
(dollars in thousands) Amount
2012 $ 2,051,000
2013 830,350
2014 731,635
2015 541,500
ereaer 3,450,700
Total $ 7,605,185
(dollars in thousands) As of December 31, 2010
Maturities Fixed or
Floating Payment Outstanding Weighted
Average Rate Coupon
Short-term
FHLB borrowings for purpose of positive arbitrage 2011 Fixed Monthly $ 359,090 0.23% 0.22–0.28%
Other FHLB short-term borrowings 2011 Fixed Monthly 2,050,000 0.27% 0.22–0.43%
FHLB long-term borrowings maturing in next 12 months 2011 Fixed Monthly 133,500 4.87–4.88%
2011 Fixed Quarterly 183,500 5.19–5.52%
317,000 5.13%
Total short-term borrowings 2,726,090
Long-term
FHLB long-term borrowings 2021 Floating Monthly 200,000 Variable*
2012–2025 Fixed Monthly 2,762,785 2.04–5.10%
2012–2014 Fixed Quarterly 65,000 0.63–1.65%
2012–2030 Fixed Quarterly 2,484,900 3.45–6.04%
Total long-term borrowings 5,512,685 4.25%
Total borrowed funds $ 8,238,775
*Variable coupon is 1-month LIBOR (-)36.5 basis points or is a spread to 1-month LIBOR and is determined monthly.