eTrade 2010 Annual Report Download - page 145
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Scheduled maturities of certificates of deposit with denominations greater than or equal to the FDIC deposit
insurance coverage limits of $250,000 were as follows (dollars in thousands):
December 31,
2010 2009
Three months or less $ — $16,887
Three through six months 1,991 6,652
Six through twelve months 2,540 4,556
Over twelve months 2,419 4,130
Total certificates of deposit $6,950 $32,225
Operating interest expense on deposits is summarized as follows (dollars in thousands):
December 31,
2010 2009 2008
Sweep deposits $10,135 $ 7,653 $ 39,971
Complete savings deposits 28,625 140,086 331,009
Other money market and savings deposits 2,825 5,900 38,916
Checking deposits 865 2,957 19,665
Certificates of deposit 14,445 45,175 137,394
Brokered certificates of deposit 5,932 10,017 48,893
Total operating interest expense related to deposits $62,827 $211,788 $615,848
Accrued interest payable on these deposits, which is included in other liabilities, was $2.6 million at both
December 31, 2010 and 2009.
NOTE 13—SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND FHLB ADVANCES
AND OTHER BORROWINGS
Total borrowings, including maturities, at December 31, 2010 and total borrowings at December 31, 2009
are shown below (dollars in thousands):
FHLB Advances and
Other Borrowings
Repurchase
Agreements(1)
FHLB
Advances
Other
Borrowings Total
Weighted
Average
Interest Rate
Years Ending December 31,
2011 $3,957,055 $ 500,000 $ 20,061 $4,477,116 0.23%
2012 931,194 350,000 — 1,281,194 0.54%
2013 100,000 — — 100,000 2.00%
2014 200,000 320,000 — 520,000 4.68%
2015 200,000 483,600 — 683,600 3.25%
Thereafter 500,000 650,000 427,509 1,577,509 3.57%
Subtotal 5,888,249 2,303,600 447,570 8,639,419 1.41%
Fair value adjustments — (19,456) — (19,456)
Total borrowings at December 31,
2010 $5,888,249 $2,284,144 $447,570 $8,619,963 1.41%
Total borrowings at December 31,
2009 $6,441,875 $2,303,600 $443,359 $9,188,834 1.43%
(1) The maximum amount at any month end for repurchase agreements was $6.5 billion and $7.2 billion for the years ended December 31,
2010 and 2009, respectively.
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