PNC Bank 2012 Annual Report Download - page 210

N OTE 12 T IME D EPOSITS
The aggregate amount of time deposits with a denomination of
$100,000 or more was $9.3 billion at December 31, 2012 and
$11.2 billion at December 31, 2011.
Total time deposits of $26.1 billion at December 31, 2012
have future contractual maturities, including related purchase
accounting adjustments, as follows:
• 2013: $18.2 billion,
• 2014: $2.8 billion,
• 2015: $1.4 billion,
• 2016: $1.2 billion,
• 2017: $.4 billion, and
• 2018 and thereafter: $2.1 billion.
N OTE 13 B ORROWED F UNDS
Total borrowed funds of $40.9 billion at December 31, 2012
have contractually scheduled repayments, including related
purchase accounting adjustments, as follows:
• 2013: $21.6 billion,
• 2014: $3.6 billion,
• 2015: $2.9 billion,
• 2016: $1.9 billion,
• 2017: $3.1 billion, and
• 2018 and thereafter: $7.8 billion.
Included in the following table are balances of long-term bank
notes along with senior and subordinated notes and the related
contractual rates and maturity dates at December 31, 2012.
Table 113: Bank Notes, Senior Debt and Subordinated Debt
December 31, 2012
Dollars in millions Carrying Value Stated Rate Maturity
Bank notes $ 1,574 zero-4.66% 2013-2043
Senior debt 8,855 .51%-6.70% 2014-2022
Bank notes and
senior debt $10,429
Subordinated debt
Junior $ 343 .88%-7.00% 2028-2037
Other 6,956 .66%-8.11% 2013-2022
Subordinated debt $ 7,299
Included in outstandings for the senior and subordinated notes
in the table above are basis adjustments of $505 million and
$579 million, respectively, related to fair value accounting
hedges as of December 31, 2012.
The $343 million of junior subordinated debt included in the
above table represents the carrying value of debt redeemable
prior to maturity. This carrying value and related net discounts
of $59 million comprise the $402 million principal amount of
junior subordinated debentures that are discussed in Note 14
Capital Securities of Subsidiary Trusts and Perpetual Trust
Securities.
Included in borrowed funds are FHLB borrowings of $9.4
billion at December 31, 2012, which are collateralized by a
blanket lien on residential mortgage and other real estate-
related loans. FHLB advances of $5.0 billion have scheduled
maturities of less than one year. The remainder of the FHLB
borrowings have balances that will mature from 2013 – 2030,
with interest rates ranging from zero to 7.33%.
The PNC Financial Services Group, Inc. – Form 10-K 191