Short-Term Borrowings

12 Months Ended

Dec. 31, 2011

Short-Term Borrowings [Abstract]

Short-Term Borrowings

Note 9 q Short-Term Borrowings

Short-term borrowings include federal funds purchased and securities sold under agreements to repurchase, trading liabilities, and other borrowed funds.

Federal funds purchased and securities sold under agreements to repurchase generally have maturities of less than 90 days. Trading liabilities, which represent short positions in securities, are generally held for less than 90 days. Other short-term borrowings have original maturities of one year or less. On December 31, 2011, capital markets trading securities with a fair value of $5.8 million were pledged to secure other short-term borrowings.

The detail of these borrowings for the years 2011, 2010, and 2009 is presented in the following table:

(Dollars in thousands)	Federal Funds Purchased and Securities Sold Under Agreements to Repurchase				Trading Liabilities				Other Short-term Borrowings
2011
Average balance		$	2,159,933			$	609,772			$	290,344
Year-end balance			1,887,052				347,285				172,550
Maximum month-end outstanding			2,631,628				709,642				643,094
Average rate for the year			.23	%			2.45	%			.29	%
Average rate at year-end			.23				2.34				.08
2010
Average balance		$	2,615,536			$	547,377			$	227,772
Year-end balance			2,114,908				361,920				180,735
Maximum month-end outstanding			3,046,201				654,748				693,512
Average rate for the year			.24	%			3.30	%			.56	%
Average rate at year-end			.22				3.01				.18
2009
Average balance		$	2,486,296			$	536,161			$	2,662,989
Year-end balance			2,874,353				293,387				761,758
Maximum month-end outstanding			2,874,353				565,858				4,734,718
Average rate for the year			.21	%			3.89	%			.29	%
Average rate at year-end			.17				4.13				.17