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Navy Federal Credit Union • 2013 Financial Section
39
2013 ANNUAL REPORT
NOTE 17:
Navy Federal’s short-term and long-term borrowings at December 31, 2013 and 2012 were as follows:
(dollars in thousands)

Maturity Fixed or
Floating
Interest
Rate
Interest
Payment
Amount
Outstanding
Weighted-
Average
Interest
Rate
Coupon

Other FHLB short-term borrowings 2014 Fixed Monthly $ 600,000 0.17%–0.22%
2014 Floating Quarterly 750,000 Variable (1)
 0.21%
FHLB long-term borrowings
maturing in next 12 months 2014 Fixed Monthly 540,835 0.63%–5.05%
2014 Fixed Quarterly 190,800 1.65%–5.59%
 3.87%
Securities sold under
repurchase agreements 2014 Fixed At maturity 1,354,299 0.15% (0.15)%–0.18%
Total short-term borrowings 
Long term
FHLB long-term borrowings 2015–2033 Fixed Monthly 2,301,200 2.04%–5.10%
2015–2033 Fixed Quarterly 2,541,000 3.09%–6.04%
 4.21%
Securities sold under
repurchase agreements 2019 Fixed Quarterly 50,000 1.88% 1.88%
Total long-term borrowings 
 $
(1) Variable coupon is a spread to 3-month LIBOR and is determined quarterly.

(dollars in thousands)
Maturity Fixed or
Floating
Interest
Rate
Interest
Payment
Amount
Outstanding
Weighted-
Average
Interest
Rate
Coupon

Other FHLB short-term borrowings 2013 Fixed Monthly $ 2,300,000 0.19%–0.27%
2013 Floating Quarterly 100,000 Variable (1)
 0.22%
FHLB long-term borrowings
maturing in next 12 months 2013 Fixed Monthly 613,750 2.63%–4.91%
2013 Fixed Quarterly 216,600 1.21%–5.78%
 4.11%
Total short-term borrowings 
Long term
FHLB long-term borrowings 2014–2032 Fixed Monthly 2,592,035 0.63%–5.10%
2014–2032 Fixed Quarterly 2,531,800 1.65%–6.04%
 4.19%
Securities sold under
repurchase agreements 2019 Fixed Quarterly 50,000 1.88% 1.88%
Total long-term borrowings 
 $
(1) Variable coupon is a spread to 3-month LIBOR and is determined quarterly.