Navy Federal Credit Union 2015 Annual Report Download - page 58

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Financial Section 39
2015—SHARED SUCCESS
NOTE 16: BORROWED FUNDS
Navy Federal’s borrowings at December 31, 2015 and 2014 were as follows:
As of December 31, 2015
(dollars in thousands)
Amount
Outstanding Coupon Fixed/Float Payment Maturities
FHLB Borrowing $ 7,748,916 0.26% - 5.10% Fixed Monthly 2016 - 2035
FHLB Borrowing 3,073,939 0.86% - 6.04% Fixed Quarterly 2016 - 2033
FHLB Borrowing 3,950,000 0.34% - 0.63% Float Quarterly 2016 - 2021
Total FHLB Borrowings $ 14,772,855
Securities sold under
repurchase agreements $ 469,982 0.12% - 0.80% Fixed At Maturity 2016
Securities sold under
repurchase agreements 200,000 1.02% Float Quarterly 2019
Securities sold under
repurchase agreements 50,000 1.88% Fixed Quarterly 2019
Total Securities sold under
repurchase agreements $ 719,982
Total Borrowed Funds $ 15,492,837
As of December 31, 2014
(dollars in thousands)
Amount
Outstanding Coupon Fixed/Float Payment Maturities
FHLB Borrowing $ 6,251,200 0.19% – 5.10% Fixed Monthly 2015 – 2034
FHLB Borrowing 2,841,000 2.00% – 6.04% Fixed Quarterly 2015 – 2033
FHLB Borrowing 850,000 0.22% – 0.31% Float Quarterly 2015
Total FHLB Borrowings $ 9,942,200
Securities sold under
repurchase agreements $ 1,219,502 0.10% – 0.50% Fixed At Maturity 2015
Securities sold under
repurchase agreements 200,000 0.66% Float Quarterly 2019
Securities sold under
repurchase agreements 50,000 1.88% Fixed Quarterly 2019
Total Securities sold under
repurchase agreements $ 1,469,502
Total Borrowed Funds $ 11,411,702