Huntington National Bank 2011 Annual Report Download - page 179

9. SHORT-TERM BORROWINGS
Short-term borrowings at December 31, 2011 and 2010 were comprised of the following:
At December 31,
2011 2010
(dollar amounts in thousands)
Federal funds purchased and securities sold under agreements to
repurchase ................................................ $1,434,310 $1,965,677
Other borrowings ............................................. 6,782 75,055
Total short-term borrowings .................................. $1,441,092 $2,040,732
Other borrowings consist of borrowings from the Treasury and other notes payable.
For each of the three years ended December 31, 2011, 2010, and 2009, the average balance for the year,
weighted average interest rate for the year and at year-end and maximum balance for the year by category of
short-term borrowings was as follows:
2011 2010 2009
(dollar amounts in thousands)
Weighted average interest rate at year-end
Federal Funds purchased and securities sold under agreements to
repurchase ............................................. 0.17% 0.19% 0.21%
Other short-term borrowings ................................. 2.74 0.53 1.17
Maximum amount outstanding at month-end during the year
Federal Funds purchased and securities sold under agreements to
repurchase ............................................. $2,430,992 $2,084,431 $1,094,736
Other short-term borrowings ................................. 86,262 107,716 54,208
Average amount outstanding during the year
Federal Funds purchased and securities sold under agreements to
repurchase ............................................. $2,009,039 $1,375,154 $ 902,780
Other short-term borrowings ................................. 46,245 70,220 30,034
Weighted average interest rate during the year
Federal Funds purchased and securities sold under agreements to
repurchase ............................................. 0.16% 0.19% 0.21%
Other short-term borrowings ................................. 0.59 0.43 1.47
10. FEDERAL HOME LOAN BANK ADVANCES
Huntington’s long-term advances from the Federal Home Loan Bank had weighted average interest rates of
0.19% and 0.56% at December 31, 2011 and 2010, respectively. These advances, which predominantly had
variable interest rates, were collateralized by qualifying real estate loans. As of December 31, 2011 and 2010,
Huntington’s maximum borrowing capacity was $3.5 billion and $2.3 billion, respectively. The advances
outstanding at December 31, 2011 of $363.0 million mature as follows: $350.0 million in 2012; $5.2 million in
2013; $0.0 million in 2014; $0.0 million in 2015; and $0.0 million in 2016 and, $7.8 million thereafter.
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