Annual report pursuant to Section 13 and 15(d)

Short Term Borrowings (Tables)

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Short Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2013
Short-term Debt [Abstract]  
Schedule of Short-term Debt [Table Text Block]

Short-term borrowings at December 31, 2013 and 2012 were comprised of the following:

 

    At December 31,  
(dollar amounts in thousands)   2013   2012
Federal funds purchased and securities sold under agreements to repurchase $ 548,605   $ 575,899  
Other borrowings   3,538     13,915  
Total short-term borrowings $ 552,143   $ 589,814  

         
(dollar amounts in thousands)   2013     2012     2011  
Weighted average interest rate at year-end                  
  Federal Funds purchased and securities sold under agreements to repurchase   0.06 %   0.15 %   0.17 %
  Other short-term borrowings   2.59     1.98     2.74  
Maximum amount outstanding at month-end during the year                  
  Federal Funds purchased and securities sold under agreements to repurchase $ 787,127   $ 1,590,082   $ 2,430,992  
  Other short-term borrowings   19,497     26,071     86,262  
Average amount outstanding during the year                  
  Federal Funds purchased and securities sold under agreements to repurchase $ 692,481   $ 1,293,348   $ 2,009,039  
  Other short-term borrowings   7,815     16,983     46,245  
Weighted average interest rate during the year                  
  Federal Funds purchased and securities sold under agreements to repurchase   0.08 %   0.14 %   0.16 %
  Other short-term borrowings   1.79     1.36     0.59