Short-Term Borrowings and Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at March 31, 2020 and December 31, 2019:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at March 31, 2020		March 31, 2020		December 31, 2019
Short-term borrowings:
Short-term FHLB advances	(1)	$	2,700,000	$	2,700,000	$	—
Federal funds purchased	April 1, 2020	375,000		375,000		—
Other short-term borrowings	(2)	63,162		63,162		17,430
Total short-term borrowings				$	3,138,162	$	17,430
Long-term debt:
3.50% Senior Notes	January 29, 2025	$	350,000	$	348,076	$	347,987
Total long-term debt				$	348,076	$	347,987

(1) Represents advances from the FHLB at March 31, 2020 with maturity dates through May 7, 2020.

(2)

Represents cash collateral received from certain counterparties in relation to market value exposures of derivative contracts in our favor.