eTrade 2005 Annual Report Download - page 95

Table of Contents
the Federal Reserve Bank’s special direct investment and treasury, tax and loan borrowing programs. We use the proceeds from these
transactions to meet our cash flow or asset/liability matching needs.
The following table sets forth information regarding the weighted-average interest rates and the highest and average month-end
balances of our borrowings (dollars in thousands):
Ending
Balance
Weighted-
Average
Rate
(1)
MaximumAmount
At Month-End
YearlyWeighted-Average
Balance
Rate
At or for the year ended
December31, 2005:
Advances from the FHLB
$
3,856,106
4.09
%
$
4,316,683
$
3,260,556
3.88
%
Securities sold under
agreement to repurchase
and other borrowings
$
11,412,028
4.15
%
$
11,412,028
$
10,115,764
3.70
%
At or for the year ended
December31, 2004:
Advances from the FHLB
$
1,487,841
2.71
%
$
1,777,110
$
1,168,519
4.28
%
Securities sold under
agreement to repurchase
and other borrowings
$
10,170,082
2.15
%
$
10,285,738
$
8,139,736
3.18
%
At or for the year ended
December31, 2003:
Advances from the FHLB
$
920,000
1.85
%
$
1,058,300
$
935,043
4.55
%
Securities sold under
agreement to repurchase
and other borrowings
$
5,567,163
1.46
%
$
6,888,441
$
5,976,730
2.68
%
(1)
Excludes hedging costs.
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