Sallie Mae 2010 Annual Report Download - page 152
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7. Borrowings (Continued)
average interest rates during the periods. Rates reflect stated interest of borrowings and related discounts and
premiums.
Ending Balance
Weighted Average
Interest Rate Average Balance
Weighted Average
Interest Rate
December 31, 2010 Year Ended December 31, 2010
Unsecured term bank
deposits .............. $ 1,387,360 2.57% $ 1,424,073 2.75%
FHLB-DM Facility ........ 900,000 .30 402,644 .34
ED Participation Program
Facility ............... — — 13,536,795 .80
ED Conduit Program
facility ............... 24,484,353 .55 15,095,905 .67
ABCP borrowings ......... — — 1,767,085 .95
Unsecured borrowings...... 4,585,120 2.28 4,603,252 2.76
Other interest bearing
liabilities .............. 2,259,023 .83 1,804,587 .54
Total short-term borrowings. . $33,615,856 .88% $38,634,341 1.05%
Maximum outstanding at any
month end............. $46,472,435
Ending Balance
Weighted Average
Interest Rate Average Balance
Weighted Average
Interest Rate
December 31, 2009 Year Ended December 31, 2009
Unsecured term bank
deposits .............. $ 842,636 3.33% $ 929,442 3.23%
ED Participation Program
Facility ............... 9,006,053 .79 14,174,433 1.42
ED Conduit Program
facility ............... 14,313,837 .59 7,339,592 .72
ABCP borrowings ......... — — 16,238,782 1.64
Unsecured borrowings...... 5,259,278 2.58 4,408,990 2.05
Other interest bearing
liabilities .............. 1,475,007 .12 1,393,280 .31
Total short-term borrowings. . $30,896,811 1.04% $44,484,519 1.45%
Maximum outstanding at any
month end............. $53,406,554
F-49
SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts, unless otherwise stated)