Annual report pursuant to Section 13 and 15(d)

Short Term Borrowings

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Short Term Borrowings
 12 Months Ended
Dec. 31, 2012
Short-term Debt [Abstract]  
Short-term Debt [Text Block]

9. Short-term Borrowings

 

Short-term borrowings at December 31, 2012 and 2011 were comprised of the following:

 

    At December 31,  
(dollar amounts in thousands)   2012   2011
Federal funds purchased and securities sold under agreements to repurchase $ 575,899   $ 1,434,310  
Other borrowings   13,915     6,782  
Total short-term borrowings $ 589,814   $ 1,441,092  

Other borrowings consist of borrowings from the Treasury and other notes payable.

For each of the three years ended December 31, 2012, 2011, and 2010, weighted average interest rate at year-end, the maximum balance for the year, the average balance for the year, and weighted average interest rate for the year by category of short-term borrowings was as follows:

 

         
(dollar amounts in thousands)   2012     2011     2010  
Weighted average interest rate at year-end                  
  Federal Funds purchased and securities sold under agreements to repurchase   0.15 %   0.17 %   0.19 %
  Other short-term borrowings   1.98     2.74     0.53  
Maximum amount outstanding at month-end during the year                  
  Federal Funds purchased and securities sold under agreements to repurchase $ 1,590,082   $ 2,430,992   $ 2,084,431  
  Other short-term borrowings   26,071     86,262     107,716  
Average amount outstanding during the year                  
  Federal Funds purchased and securities sold under agreements to repurchase $ 1,293,348   $ 2,009,039   $ 1,375,154  
  Other short-term borrowings   16,983     46,245     70,220  
Weighted average interest rate during the year                  
  Federal Funds purchased and securities sold under agreements to repurchase   0.14 %   0.16 %   0.19 %
  Other short-term borrowings   1.36     0.59     0.43