Other short term borrowings

12 Months Ended

Dec. 31, 2012

Short-term Debt [Abstract]

Short-term Debt [Text Block]

Note 20– Other short-term borrowings

The following table presents a breakdown of other short-term borrowings at December 31, 2012 and 2011.

(In thousands)	2012		2011
Advances with the FHLB paying interest at maturity, at fixed rates ranging from 0.32% to 0.44% (2011 - 0.31%)	$	635,000	$	295,000
Others		1,200		1,200
Total other short-term borrowings	$	636,200	$	296,200

The maximum aggregate balance outstanding at any month-end was approximately $ 1,356 million (2011 - $391million). The weighted average interest rate of other short-term borrowings at December 31, 2012 was 0.41% (2011 –0.35%). The average aggregate balance outstanding during the year was approximately $ 680 million (2011- $149million). The weighted average interest rate during the year was 0.42% (2011– 0.55%).

Note 21presents additional information with respect to available credit facilities.